Description
Place a bet on Saturday’s 12:05 Cheltenham, and if your horse loses, your stake will be refunded as a free bet.
Key terms
Opt-in required
Tick ‘Second Chance’ on the betslip.Offer availability
Between 09:00 and 12:05 on Saturday, 24th January 2026.Event
12:05 Cheltenham on Saturday, 24th January 2026.Market
Any market on this race.Qualifying bet
First single bet only with ‘Second Chance’ selected.Minimum odds
1.50 (1/2).Maximum stake
Limit set individually by BetMGM.Reward & when credited
Losing stake refunded as a free bet upon settlement.Free bet expiry
3 days.Free bet use
Winnings withdrawable; stake not returned; max win £5,000.Restrictions
Selected customers only; no multiples or system bets.
Tips for this offer
General advice and example for money back offers
Place your qualifying bets at low odds, ensuring you meet any minimum odds requirement. Use the ‘Qualifying Bet’ setting on the Matched Betting Calculator to calculate your lay stakes.
If the refund trigger hits, you’ll receive your money back. Otherwise, you’ll make a small loss. 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 Offers 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.