Description
Place a bet on Thursday’s 13:20 Cheltenham, and if your horse loses, your stake will be refunded as a free bet.
Key terms
Opt-in
Tick the ‘Money Back as a free bet / Second Chance’ box when placing your bet.Offer availability
17:30 on Wednesday, 11th March 2026 to 13:20 on Thursday, 12th March 2026.Event & market
13:20 Cheltenham on Thursday, 12th March 2026 – 'Win'.Minimum odds
1.50 (1/2).Maximum stake
Varies by customer; maximum refund £5,000.Qualifying bet
First single bet after opt-in qualifies.Reward
Losing stake returned as a free bet upon settlement (up to £5,000).Reward validity
Expires 3 days after issue; stake not returned with winnings.Restrictions
No multiples; no system bets; no odds boosts; no other promos.
Read full terms .
Tips for this offer
General advice and example for ‘Money back if bet loses’ offers
Place your ‘Money back if bet loses’ bets at high odds to maximise your profits. Use the ‘Money Back if Bet Loses’ setting on the Matched Betting Calculator to calculate your lay stakes. In the ‘Cashback’ field, you should enter the amount of your cash refund or the amount you expect to convert if the bookmaker pays your refund as a free bet or bonus.
You can convert any free bets or bonuses into cash. Use the ‘Free Bet’ setting on the Matched Betting Calculator to calculate your lay stakes. It’s best to place free bets at high odds to maximise your profits.
See my Money back if bet loses guide for a complete walkthrough of this offer type.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.