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Betzone – Money Back Offer (12:10 Cheltenham)

There’s a big day of racing at Cheltenham on Sunday, and you don’t want to miss this Betzone offer! Place a bet on the 12:10 Cheltenham and get your money back as a free bet up to £20.00 if your horse finishes 2nd or 3rd. Translated into matched betting terms, this gives you a potential profit of £14.18 and here’s how…

Key terms

  • Applies to win single bets on the 12:10 Cheltenham.
  • Applies to bets placed between 09:00 and 12:10 on Sunday 1st January 2023.
  • Money back as a free bet up to £20.00 if your horse finishes 2nd or 3rd.
  • If eligible, your free bet will be valid on any remaining ITV race on Sunday 1st January 2023.
  • The free bet stake will not be returned with any winnings.
  • Winnings from the free bet are capped at £500.00.

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 or 3rd place finish.

At the time of writing, ‘Weveallbeencaught‘ is available at back odds of 2.00 (evens) and lay odds of 2.20.

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 £18.18.

Betzone logo

Place £20.00 on ‘Weveallbeencaught’ @ 2.00 = Potential profit of £20.00

Smarkets logo

Lay £18.18 on ‘Weveallbeencaught’ @ 2.20 = Potential liability of £21.81

Outcomes

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

OutcomeBetzoneSmarketsFree BetProfit/Loss
Weveallbeencaught wins+ £20.00– £21.81£1.81 loss
Weveallbeencaught
finishes 2nd or 3rd
– £20.00+ £18.18+ £16.00£14.18 profit
Any other outcome– £20.00+ £18.18£1.82 loss

So, you’ll make a nice profit of £14.18 if Weveallbeencaught finishes 2nd or 3rd. Any other outcome, and you’ll lose a maximum of £1.82. Risking £1.82 to make a potential profit of £14.18 gives you effective odds of 8.79, which I’m sure you’ll agree, makes this a profitable offer in the long run.

If eligible, your free bet will be valid on any remaining ITV race on Sunday 1st January 2023. The free bet stake will not be returned with any winnings.

Please see my ‘Free Bets Guide‘ if you’re unsure how to convert your £20.00 free bet into £16.00 cash (80%).

* Weveallbeencaught won the race, resulting in a £1.81 loss on this Betzone offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.