Cheltenham Festival 2017 gets underway on Tuesday and BoyleSports are getting in on the action! Simply place a bet on any Cheltenham race and if our horse finishes 2nd or 3rd to the SP Favourite, BoyleSports will refund our stake as a free bet up to a maximum of £20.00. Translated into matched betting terms, this gives us a potential profit of £100.00+ and here’s how…
Qualifying bets
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
This offer applies to all Cheltenham races between Tuesday 14th March 2017 and Friday 17th March 2017.
Bets must be placed after 17:00 the day before the race, to be eligible. A race must contain eight or more runners for 3rd place refunds and five or more runners for 2nd place refunds.
We’ll need to be selective with this offer and only go for selections with tight back and lay odds in races where there is a clear favourite.
The back and lay odds should tighten up as the start of each race draws nearer. In the meantime, I’ll use fictional odds for the Arkle Chase (14:10 on Tuesday) 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, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges. Remember, we pay 0% commission on the first race each day with Smarkets!
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £18.79…
Place £20.00 on Charbel @ 9.00 = Potential profit of £160.00
Lay £18.79 on Charbel @ 9.60 = Potential liability of £161.59
Let’s have a look at our potential profit/loss for the possible outcomes…
| Charbel wins | + £160.00 – £161.59 = £1.59 loss |
| Charbel finishes 2nd or 3rd to SP Favourite | – £20.00 + £18.41 + £16.00 (extract 80% from £20.00 free bet) = £14.41 profit |
| Any other outcome | – £20.00 + £18.41 = £1.59 loss |
So, if Charbel finishes 2nd or 3rd to the SP Favourite, we’ll make a nice profit of £14.41, otherwise we’ll have made a loss of £1.59. Risking £1.59 to make a profit of £14.41, gives us effective odds of 10.06, which I’m sure you’ll agree makes this a profitable offer in the long run.
With four days of racing to look forward to, this gives us an overall potential profit of £100.00+ on this BoyleSports Cheltenham 2017 offer!
If eligible, free bets will be credited within 1 hour of the race finishing and will be valid for 7 days. If you’re unsure how to extract 80% cash from a £20.00 free bet, please see my Free Bet Strategy page for a walk-through guide on how it should be done.
I’ll update the following table with my actual selections at the end of each day…
| Race | Selection | Back Odds | Lay Odds | Profit |
|---|---|---|---|---|
| 1.30 Tuesday | Bunk Off Early | 8.00 | 8.20 | – £0.49 |
| 3:30 Tuesday | Buveur D’air | 6.50 | 6.60 | – £0.65 |
| 4.10 Tuesday | Vroum Vroum Mag | 3.75 | 3.95 | – £1.31 |
| 4.50 Tuesday | Beware The Bear | 6.00 | 6.20 | – £0.98 |
| 1.30 Wednesday | Messire Des Obeaux | 13.00 | 13.50 | – £0.74 |
| 2.10 Wednesday | Acapella Bourgeois | 7.50 | 7.60 | – £0.61 |
| 2.50 Wednesday | Tin Soldier | 8.00 | 8.20 | – £0.84 |
| 1.30 Thursday | Disko | 5.50 | 5.90 | + £14.64 |
| 2.50 Thursday | Sub Lieutenant | 8.50 | 8.80 | + £14.97 |
| 3.30 Friday | Cue Card | 6.00 | 6.20 | – £0.97 |
| 4.10 Friday | Wonderful Charm | 6.00 | 6.20 | – £0.97 |
* As you can see, I made an overall profit of £22.05 on this BoyleSports Cheltenham 2017 offer. *
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Matt Kirman – Matched 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.