Betway – Queen Mother Champion Chase 2022 Offer

The Queen Mother Champion Chase headlines Wednesday’s Cheltenham Festival schedule, and you don’t want to miss this Betway money back offer! If your horse finishes 2nd, 3rd or 4th in the 15:30 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 £7.22 and here’s how…

Key terms

  • Applies to bets placed between 00:01 and 15:30 (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, Energumene is available at back odds of 4.50 (7/2) and lay odds of 4.80.

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.

  • 2% commission for all new signups
  • 0% commission for 60 days

You can calculate your lay stake using my Matched Betting Calculator

Select bet type

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
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 you that your lay stake should be £9.41…

Betway logo

Place £10.00 on Energumene @ 4.50 = Potential profit of £35.00

Betfair logo

Lay £9.41 on Energumene @ 4.80 = Potential liability of £35.75

Outcomes

Let’s look at your potential profit/loss for the possible outcomes…

OutcomeBetwayBetfairFree BetProfit/Loss
Energumene wins+ £35.00– £35.75£0.75 loss
Energumene finishes
2nd, 3rd or 4th
– £10.00+ £9.22+ £8.00£7.22 profit
Any other outcome– £10.00+ £9.22£0.78 loss

So, you’ll make a nice profit of £7.22 if Energumene finishes 2nd, 3rd or 4th, or you’ll lose a maximum of £0.78 on any other outcome. Risking £0.78 to make a potential profit of £7.22 gives you effective odds of 10.26, 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.

* Energumene won the race, resulting in a £0.75 loss on this Betway offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.