Cheltenham Festival 2022 continues on Wednesday with the Ballymore Novices’ Hurdle, and you don’t want to miss this Betway money back offer! If your horse finishes 2nd, 3rd or 4th in the 13:30 Cheltenham, Betway will refund your stake as a free bet up to £10.00. Translated into matched betting terms, this gives you a potential profit of £6.53 and here’s how…
Key terms
- Applies to bets placed between 00:01 and 13:30 (race-off) on Wednesday 16th March 2022.
- Applies to your first bet only.
- Minimum odds of 1.50 (1/2).
- If your horse finishes 2nd, 3rd or 4th, Betway will refund your stake as a free bet up to £10.00.
- If eligible, your free bet will be credited within an hour of the race being settled.
- Free bets will be valid for 7 days.
Qualifying bet
Please see my qualifying bets guide if you’d like more information about them and how they work.
It’s entirely up to you which horse you go for, but it would make sense to select a horse with relatively short odds in the hope of a 2nd, 3rd, or 4th place finish.
At the time of writing, Journey With Me is available at back odds of 8.00 (7/1) and lay odds of 9.20.
Either exchange works for this offer
Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.
- Money back as cash up to £20
- 0% commission for 60 days
You can calculate your lay stake using my Matched Betting Calculator…
As you can see, the calculator tells you that your lay stake should be £8.71…
Place £10.00 on Journey With Me @ 8.00 = Potential profit of £70.00
Lay £8.71 on Journey With Me @ 9.20 = Potential liability of £71.42
Outcomes
Let’s look at your potential profit/loss for the possible outcomes…
| Outcome | Betway | Betfair | Free Bet | Profit/Loss |
|---|---|---|---|---|
| Journey With Me wins | + £70.00 | – £71.42 | £1.42 loss | |
| Journey With Me finishes 2nd, 3rd or 4th | – £10.00 | + £8.53 | + £8.00 | £6.53 profit |
| Any other outcome | – £10.00 | + £8.53 | £1.47 loss |
So, you’ll make a nice profit of £6.53 if Journey With Me finishes 2nd, 3rd or 4th, or you’ll lose a maximum of £1.47 on any other outcome. Risking £1.47 to make a potential profit of £6.53 gives you effective odds of 5.44, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If eligible, your free bet will be credited within an hour of the race being settled and valid for 7 days. The free bet stake will not be returned with any winnings.
If you’re unsure how to convert your £10.00 free bet into £8.00 cash (80%), please see my free bets guide for a walkthrough of how it should be done.
Don’t miss out on one of the most profitable weeks of the matched betting calendar! For a comprehensive list of available bookmaker offers, please see my Cheltenham Festival 2022 Offers page.
* Journey With Me fell, resulting in a £1.47 loss on this Betway offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.