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…
As you can see, the calculator tells us that our lay stake should be £19.80…
Place £20.00 on Petit Mouchoir @ 5.00 = Potential profit of £80.00
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. *
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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.