Event Start Time (GMT): 20/06/2017 : 14:30
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…
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…
|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…
As you can see, the calculator tells us that our lay stake should be £8.59…
Place £10.00 on Mutakayyef @ 8.00 = Potential profit of £70.00
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|
|Norfolk Stakes||It Dont Come Easy||9.00||9.60||£6.38|