BetStars Cheltenham 2017 Offer – Money Back if 2nd or 3rd

Cheltenham Festival 2017 gets underway on Tuesday and BetStars are getting in on the action! Simply place a bet on the selected Cheltenham race each day and if our horse finishes 2nd or 3rd, BetStars will refund our stake as a free bet up to a maximum of £50.00. Translated into matched betting terms, this gives us a potential profit of £150.00+ 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.

This offer only applies to bets placed from Monday 13th March 2017 onwards and is available on the following races…

Race Time Date
Ultima Handicap Chase 14:50 Tuesday 14th March 2017
Coral Cup 14:50 Wednesday 15th March 2017
Pertemps Final 14:10 Thursday 16th March 2017
County Hurdle 14:10 Friday 17th March 2017

The fields for these races are a little on the large side so we should only get involved if we can find some tight odds.

The back and lay odds should tighten up as the start of each race draws nearer. In the meantime, I’ll use fictional odds for the Ultima Handicap Chase in the following example to illustrate how this offer should be done each day.

I like to place my exchange lay bets with Smarkets as they have great liquidity in the run up to races, 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 stake using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £48.90…

betstars logo

Place £50.00 on Noble Endeavour @ 8.00 = Potential profit of £350.00

smarkets logo

Lay £48.90 on Noble Endeavour @ 8.20 = Potential liability of £352.08

Let’s have a look at our potential profit/loss for the possible outcomes…

Noble Endeavour wins + £350.00 – £352.08 = £2.08 loss
Noble Endeavour finishes 2nd or 3rd – £50.00 + £47.92 + £40.00 (extract 80% from £50.00 free bet) = £37.92 profit
Noble Endeavour finishes outside top 3 – £50.00 + £47.92 = £2.08 loss

So, if Noble Endeavour finishes 2nd or 3rd, we’ll make a nice profit of £37.92, otherwise we’ll have made a loss of £2.08. Risking £2.08 to make a profit of £37.92, gives us effective odds of 19.23, which I’m sure you’ll agree makes this a profitable offer in the long run.

With four eligible races to look forward to, this gives us an overall potential profit of £150.00+ on this BetStars Cheltenham 2017 offer!

If eligible, our free bets will be credited within 3 hours of each respective race finishing and will be valid for 7 days. If you’re unsure how to extract 80% cash from a £50.00 free bet, please see my Free Bet Strategy page for a walk-through guide on how it should be done.

I’ll update the following table with my actual selections at the end of each day…

Race Selection Back Odds Lay Odds Profit
Ultima Handicap Chase n/a n/a n/a n/a
Coral Cup Tin Soldier 8.00 8.20 – £2.08
Pertemps Final n/a n/a n/a n/a
County Hurdle n/a n/a n/a n/a

* As you can see, I made an overall loss of £2.08 on this BetStars Cheltenham 2017 offer. *

 

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.