£100.00+
Potential Profit
£58.29
Actual Profit

Cheltenham Festival 2018 – Money Back Offers


Posted by Matt (administrator) Matt
Start Time: 13/03/2018 13:30

The Cheltenham Festival 2018 gets underway on Tuesday and the bookies are getting in on the action! There are some great Money Back Offers available for the duration of the 4-day Festival, so provided we minimise our qualifying losses, we stand a great chance of making some big profits and here’s how…

Available Offers:

Bookie Offer
10Bet Money back as a free bet (up to £10.00) if your horse finishes 2nd to the SP Favourite
BoyleSports Money back as a free bet (up to £20.00) if your horse finishes 2nd or 3rd to the SP Favourite
Mintbet Money back as a free bet (up to £20.00) if your horse is beaten into 2nd by a length or less
Paddy Power Money back as a free bet (up to £10.00) on all Day 1 losers if the SP Favourite wins
Sportingbet Money back as a free bet (up to £25.00) if your horse finishes 2nd (selected races listed below)
Unibet Money back in cash (up to £20.00) if our horse finishes 2nd (selected races listed below)

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.

The strategy is the same for all six offers. We just need to select horses with tight back and lay odds in order to minimise our qualifying losses and hope we hit the money back/refund triggers.

The following example is for the BoyleSports offer. Having looked at the odds available for the Arkle Chase (14:10) on Tuesday, we could place our qualifying bet on Petit Mouchoir.

I like to place my exchange lay bets with Betfair as they have great liquidity and the site is really easy to use.

We can calculate our lay stakes using my matched betting calculator…

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 us that our lay stake should be £19.80…

BoyleSports logo

Place £20.00 on Petit Mouchoir @ 5.00 = Potential profit of £80.00

Betfair logo

Lay £19.80 on Petit Mouchoir @ 5.10 = Potential liability of £81.18

Let’s have a look at our potential profit/loss for the possible outcomes…

Petit Mouchoir wins the race + £80.00 – £81.18 = £1.18 loss
Petit Mouchoir finishes 2nd to the SP Favourite - £20.00 + £18.81 + £15.00 (extract 75% from our £20.00 free bet) = £13.81 profit
Any other outcome - £20.00 + £18.81 = £1.19 loss

So, if Petit Mouchoir finishes 2nd to the SP Favourite, we’ll make a nice profit of £13.81. Any other outcome and we’ll have made a maximum loss of £1.19. Risking £1.19 to make a profit of £13.81, gives us effective odds of 13.62, which I’m sure you’ll agree makes this is a profitable offer in the long run.

I’ll update the following tables throughout the week with some actual selections…

10Bet Offer

Race Selection Back Odds Lay Odds Qualifying Loss Potential Profit
14:10 Tuesday Brain Power 15.00 16.00 £1.07 £6.43
13:30 Wednesday Next Destination 5.00 5.40 £1.12 £6.38
14:10 Wednesday Monalee 4.50 4.80 £1.01 £6.49
15:30 Wednesday Min 3.75 3.90 £0.75 £6.75
13:30 Friday Redicean 8.00 8.20 £0.68 £6.82
16:50 Friday Sire Du Berlais 9.00 9.20 £0.66 £6.84
17:30 Friday Le Prezien 11.00 11.00 £0.50 £7.04

As you can see, I made an overall profit of £16.71 on this 10Bet offer!

BoyleSports Offer

Race Selection Back Odds Lay Odds Qualifying Loss Potential Profit
14:10 Tuesday Petit Mouchoir 5.00 5.10 £1.19 £13.81
13:30 Wednesday Next Destination 5.00 5.40 £2.25 £12.75
14:10 Wednesday Monalee 4.50 4.80 £2.01 £13.00
15:30 Wednesday Min 4.00 4.10 £1.24 £13.76
13:30 Friday Stormy Ireland 6.00 6.20 £1.47 £13.53 *

* Stormy Ireland fell at the last fence, resulting in a profit of £13.53 courtesy of BoyleSport’s Cheltenham Fallers promotion. *

As you can see, I made an overall profit of £36.85 on this BoyleSports offer!

Mintbet Offer

Race Selection Back Odds Lay Odds Qualifying Loss Potential Profit
14:10 Tuesday Footpad 1.833 1.94 £1.57 £13.43
15:30 Tuesday Buveur D'Air 1.571 1.61 £0.86 £14.13
13:30 Wednesday Samcro 1.727 1.80 £1.25 £13.75
14:50 Thursday Un De Sceaux 1.727 1.78 £1.03 £13.97
13:30 Friday Apple's Shakira 2.10 2.26 £1.95 £13.05
16:10 Friday Burning Ambition 5.00 5.10 £1.19 £13.81

As you can see, I made an overall loss of £7.85 on this Mintbet offer!

Paddy Power Offer

Race Selection Back Odds Lay Odds Qualifying Loss Potential Profit
13:30 Tuesday Summerville Boy 9.00 9.80 £9.04 * £6.51
14:10 Tuesday Saint Calvados 4.333 4.30 £0.09 £7.41

* Summerville Boy won the 13:30 at SP odds of 10.00 (9/1), resulting in a qualifying profit of £9.04 courtesy of Paddy Power’s Best Odds Guaranteed promotion. *

As you can see, I made an overall profit of £16.45 on this Paddy Power offer!

Sportingbet Offer

Race Selection Back Odds Lay Odds Qualifying Loss Potential Profit
- - - - - -

* I was unable to find any suitable qualifying bets, so I decided to give this offer a miss. *

Unibet Offer

Race Selection Back Odds Lay Odds Qualifying Loss Potential Profit
14:50 Tuesday Coo Star Sivola 6.00 6.40 £2.06 £17.95
14:10 Friday Flying Tiger 8.00 8.00 £0.88 £19.12
17:30 Friday Top Gamble 13.00 13.00 £0.93 £19.07

As you can see, I made an overall loss of £3.87 on this Unibet offer!

* Overall profit of £58.29 on these Cheltenham Festival 2018 Money Back Specials. *

Comments


  1. Sulvinder

    Thanks Matt, when do the Free Bets have to be used by for each of these offers?

    1. Matt

      You’ll need to check the terms and conditions of each offer Sulvinder. The links in the table at the top of this post take you to the promotions pages where you’ll find the terms.

  2. Tipsy Turner

    Betway are doing money back. If your horse loses in the first and last race at Cheltenham each day, we’ll refund you with a Free Bet up to £/€10.

    1. Adam

      “We’ll refund you” – the bookies are using this blog too now? I’ve been away from the matched betting scene for a year and a lot seems to have changed!

      1. Matt

        Haha, I think that may have been a cut and paste job…

  3. Simon

    Still waiting on free bets from Paddy Power, hoping they haven’t gubbed me 🙁

  4. Arantxa

    Petit Mouchoir was third, did I win in the Boylesports offer? I did exactly the same bet like you Matt.

    1. Matt

      No unfortunately not mate as only 2nd place got refunded due, to there only being 5 runners…

      ‘2nd place refund applies only to races with 5 or more runners.’
      ‘3rd place refund applies only to races with 8 or more runners.’

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