The Cheltenham Festival 2018 gets underway tomorrow and you don’t want to miss this William Hill offer! Bet a total of £20.00 or more on Monday’s UK & Irish horse racing today and William Hill will give us a £10.00 free bet to use on Day 1 of the Cheltenham Festival 2018. Translated into matched betting terms, this gives us a guaranteed profit of £6.31 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
To be eligible for our £10.00 free bet, we must bet a total of £20.00 or more at odds of 1.50 (1/2) or greater on UK & Irish horse racing today. Qualifying bets must be placed between 17:30 on Sunday 11th March 2018 and the start of the 20:15 Chelmsford on Monday 12th March 2018, to be eligible.
It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Grania O’Malley in the 15:10 at Taunton.
I like to place my exchange lay bets with Betfair as they have great liquidity in the run up to races and the site is really easy to use.
We can calculate our lay stakes using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £19.80…
Place £20.00 on Grania O’Malley @ 5.00 = Potential profit of £80.00
Lay £19.80 on Grania O’Malley @ 5.10 = Potential liability of £81.18
Let’s have a look at our potential profit/loss for the possible outcomes…
| Grania O’Malley wins | + £80.00 – £81.18 = £1.18 loss |
| Grania O’Malley doesn’t win | – £20.00 + £18.81 (£19.80 minus 5% commission) = £1.19 loss |
So, regardless of the result of the race, we’ll lose a maximum of £1.19 in qualifying for our £10.00 free bet.
Free Bet:
Our £10.00 free bet will be credited by 09:00 on Tuesday 13th March 2018 and must be used on Day 1 of the Cheltenham Festival 2018 (Tuesday 13th March 2018).
By using straightforward matched betting, we should be able to extract 75% of our £10.00 free bet as cash, so around £7.50. If we take into account our maximum qualifying loss of £1.19, this gives us a guaranteed profit of £6.31 on this William Hill offer!
* Grania O’Malley didn’t win the race, resulting in a profit of £6.31 on this William Hill offer. *
Significant Conditions:
- Minimum stake of £20/€20 on the UK & Irish Horse Racing.
- Bet must be placed at odds of 1/2 (1.5) or greater
- Win & Each Way Singles Only
- Racecard markets only
- Bets placed with a free bet will not qualify to receive a Free Bet
- If you Cash in your bet you will not qualify to receive a Free Bet
- Qualifying bets must be placed between 17:30 on Sunday 11th March and the start of the 8:15 Chelmsford on Monday 12thMarch to qualify
- Receive a free bet of £10/€10 to use on any race on Tuesday 13 March at Cheltenham Festival
- Free bet will be available by 09:00 on Tuesday 13th March 2018
- Free Bet is non-refundable and may not be withdrawn
- Free Bet stake will be excluded from any winnings
- Free Bet cannot be partially redeemed
- Offer available to UK and Irish customers only
- Terms and conditions apply.
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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.