Betway Offer – Channel 4 Racing

There’s another big day of Channel 4 horse racing on Saturday and you don’t want to miss this Betway offer. Place three or more bets of at least £10.00 on any races being shown live on Channel 4 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 £6.20 and here’s how…

Qualifying Bet:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy for a walk-through guide on how they should be done.

Saturday’s live Channel 4 races are as follows…

We must place three eligible bets in the same day to qualify for the free bet. 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.

So we will lose approximately £1.80 in qualifying for our £10.00 free bet.

Free Bet:

Our free bet will be credited by 11:00 on Sunday 13th March 2016 and will expire after 7 days.

By using straightforward matched betting, we should be able to extract 80% of our £10.00 free bet as cash, so around £8.00. If we take into consideration our qualifying loss of £1.80, this gives us a guaranteed profit of £6.20!