Betway Offer – Royal Ascot 2017

Royal Ascot 2017 gets underway on Tuesday and you don’t want to miss this Betway offer! Simply place a bet on the first race each day and if our selection loses, Betway will refund our stake as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a guaranteed profit of £32.00+ and here’s how…

Qualifying Bets:

This is a risk-free offer, so we can guarantee ourselves a profit on any outcome! If you’re unsure how to do risk-free bet offers, please see my Risk-Free Bet Strategy page for a walk-through guide on how it should be done.

This offer is available on the first race each day as follows…

Race Time Date
Queen Anne Stakes 14:30 Tuesday 20th June 2017
Jersey Stakes 14:30 Wednesday 21st June 2017
Norfolk Stakes 14:30 Thursday 22nd June 2017
Albany Stakes 14:30 Friday 23rd June 2017
Chesham Stakes 14:30 Saturday 24th June 2017

Only bets placed after 00:00 on Monday 12th June 2017 will be eligible.

We need to select horses with long odds in order to maximise our profits.

The back and lay odds should tighten up on the day of each race. In the meantime, I’ll use fictional odds for the Queen Anne Stakes 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 and the site is really easy to use. They also charge just 2% commission compared to the 5% charged by other betting exchanges.

We just need to select the ‘Risk-Free Bet’ setting on my matched betting calculator and enter £8.00 as our ‘Cashback’ amount as we can expect to extract 80% of our £10.00 free bet refund as cash…

Back Bet (Bookie)


Lay Bet (Betting Exchange)


Min £
Max £
Lay stake required: £
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 £8.59…

Betway logo

Place £10.00 on Mutakayyef @ 8.00 = Potential profit of £70.00

Smarkets logo

Lay £8.59 on Mutakayyef @ 8.40 = Potential liability of £63.56

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

Mutakayyef wins + £70.00 – £63.56 = £6.44 profit
Mutakayyef doesn’t win – £10.00 + £8.41 + £8.00 (extract 80% from our £10.00 free bet) = £6.41 profit

So, regardless of the outcome and with some good odds, we should make a guaranteed profit of £6.40+ each day. With five days of racing to look forward to, this gives us an overall guaranteed profit of £32.00+ on this Betway offer!

If eligible, free bets will be credited within 24 hours of our qualifying bet being settled and will be valid for 24 hours. Free bet stakes are not included in any returns.

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

Race Selection Back Odds Lay Odds Profit
Queen Anne Stakes Deauville 15.00 16.50 £6.44
Jersey Stakes Daban 8.00 8.80 £6.03
Norfolk Stakes It Dont Come Easy 9.00 9.60 £6.38
Albany Stakes Fairyland 9.00 9.80 £6.21
Chesham Stakes Nyaleti 13.00 14.00 £6.55

Got a question?
Leave me a comment below…

I usually respond within 24 hours.

Matt Kirman - Matched Betting Blogger

Matt KirmanMatched 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.