All four days of the Cheltenham Festival 2016 will be televised live on Channel 4 and as usual, Betway will be running their popular horse racing free bet offer. Simply place three or more bets of at least £10.00 on Cheltenham and Betway will give us a £10.00 free bet the following day. Translated into matched betting terms, this gives us a guaranteed profit of £24.80 and here’s how…
Qualifying Bets:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy for a walk-through guide on how they should be done.
This offer is available on all 4 days of the Cheltenham Festival.
The 7 qualifying races on Friday 18th March 2016 are as follows…
| Time | Race |
|---|---|
| 13:30 | JCB Triumph Hurdle |
| 14:10 | Vincent O’Brien County Handicap Hurdle |
| 14:50 | Albert Bartlett Novices’ Hurdle |
| 15:30 | Timico Cheltenham Gold Cup Steeple Chase |
| 16:10 | Foxhunter Chase |
| 16:50 | Martin Pipe Conditional Jockeys’ Handicap Hurdle |
| 17:30 | Grand Annual |
We must place three eligible bets in the same day to qualify for a free bet the following day. Our qualifying bets must be placed on any of the above races at minimum odds of 1.50 (1/2) or above. A maximum of two bets per race will qualify and only those placed after 09:00 on the day of the race will be eligible.
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.
Aim to lose no more than £0.60 on each of our 3 qualifying bets
So we will lose approximately £1.80 in qualifying for each £10.00 free bet.
Free Bets:
Our free bets will be credited by 09:00 the day after the final eligible bet has settled and will be valid for 24 hours.
By using straightforward matched betting, we should be able to extract 80% of our 4 x £10.00 free bets as cash, so around £32.00. If we take into consideration our daily qualifying loss of £1.80, this gives us a guaranteed overall profit of £24.80!
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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.