Cheltenham Festival 2022 continues on Thursday with the Turner Novices’ Chase, and you don’t want to miss this Betway offer! If your horse finishes 2nd, 3rd or 4th in the 13:30 Cheltenham, Betway will refund your stake as a free bet up to £10.00. Translated into matched betting terms, this gives you a profit of £7.52 and here’s how…
Key terms
- Applies to bets placed between 00:01 and 13:30 (race-off) on Thursday 17th 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.
At the time of writing, Bob Olinger is available at back odds of 2.10 (11/10) and lay odds of 2.18.
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.
- Money back as cash up to £20
- 0% commission for 60 days
You can calculate your lay stake using my Matched Betting Calculator…
As you can see, the calculator tells you that your lay stake should be £9.72…
Place £10.00 on Bob Olinger @ 2.10 = Potential profit of £11.00
Lay £9.72 on Bob Olinger @ 2.18 = Potential liability of £11.46
Outcomes
Let’s look at your potential profit/loss for the possible outcomes…
| Outcome | Betway | Betfair | Free Bet | Profit/Loss |
|---|---|---|---|---|
| Bob Olinger wins | + £11.00 | – £11.46 | £0.46 loss | |
| Bob Olinger finishes 2nd, 3rd or 4th | – £10.00 | + £9.52 | + £8.00 | £7.52 profit |
| Any other outcome | – £10.00 | + £9.52 | £0.48 loss |
So, you’ll make a nice profit of £7.52 if Bob Olinger finishes 2nd, 3rd or 4th, or you’ll lose a maximum of £0.48 on any other outcome. Risking £0.48 to make a potential profit of £7.52 gives you effective odds of 16.67, 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.
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.
* Bob Olinger won the race, resulting in a £0.46 loss on this Betway offer. *
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Matt Kirman – Matched 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.