The Goodwood Festival 2017 gets underway this afternoon and you don’t want to miss this Betsafe offer! Bet £10.00 on the first race at Goodwood each day and Betsafe will give us a £10.00 free bet to use on the following day’s races. Translated into matched betting terms, this gives us a guaranteed profit of £33.60 and here’s how…
Qualifying Bets:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
We must place a £10.00 Win single bet or a £5.00 Each Way bet on the first Goodwood race each day to receive a £10.00 free bet the following day.
This offer is available on all five days of the festival which takes place between Tuesday 1st August 2017 and Saturday 5th August 2017.
It’s entirely up to you what you place your qualifying bets on. Having looked at the odds available for the 13:50 today (Tuesday), I’ve opted to place my qualifying bet on Garcia.
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.
We can calculate our lay stakes using the matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £8.90…
Place £10.00 on Garcia @ 5.50 = Potential profit of £45.00
Lay £8.90 on Garcia @ 6.20 = Potential liability of £46.28
Let’s have a look at our potential profit/loss for the possible outcomes…
| Garcia wins | + £45.00 – £46.28 = £1.28 loss |
| Garcia doesn’t win | – £10.00 + £8.72 (£8.90 minus 2% commission) = £1.28 loss |
So, regardless of the outcome, we’ll lose £1.28 in qualifying for our first £10.00 free bet.
Free Bets:
Our £10.00 free bets will be credited by 12:00 the day after our qualifying bet was placed and must be used on the Goodwood Festival that day. Free bets credited on Sunday 6th August 2017 must be used on the Chester meeting.
By using straightforward matched betting, we should be able to extract at least 80% cash from our £10.00 free bets, so around £8.00. If we take into consideration our qualifying loss of £1.28, we’ll make a guaranteed profit of £6.72.
With five days of racing to look forward to, this gives us an overall guaranteed profit of £33.60 on this Betsafe offer!
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.