The Cheltenham Festival 2018 gets underway on Tuesday and you don’t want to miss this Betway offer! Simply place a bet on the first and/or last race at Cheltenham each day and if our selection loses, Betway will refund our stake as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us an overall guaranteed profit of £40.00+ and here’s how…
The Offer:
This offer is available on the first and last race each day as follows…
| Race | Time | Date |
|---|---|---|
| Supreme Novices’ Hurdle | 13:30 | Tuesday 13th March 2018 |
| Close Brothers Handicap Hurdle | 17:30 | Tuesday 13th March 2018 |
| Ballymore Novices’ Hurdle | 13:30 | Wednesday 14th March 2018 |
| Champion Bumper | 17:30 | Wednesday 14th March 2018 |
| JLT Novices’ Chase | 13:30 | Thursday 15th March 2018 |
| Kim Muir Handicap Chase | 17:30 | Thursday 15th March 2018 |
| Triumph Hurdle | 13:30 | Friday 16th March 2018 |
| Grand Annual Handicap Chase | 17:30 | Friday 16th March 2018 |
Only bets placed after 00:00 on Saturday 3rd March 2018 will be eligible.
Losing stakes are refunded as a free bet, so this is effectively a risk-free offer. We’ll need to select horses with long odds in order to maximise our profits. The back and lay odds should tighten up on the day of each race.
Qualifying Bets:
Having looked at the odds available for the Supreme Novices’ Hurdle, we could place our qualifying bet on Summerville Boy.
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 work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £7.50 as our ‘Cashback’ figure as this is the amount we can expect to extract (75%) from our £10.00 free bet refund, should our horse lose…
As you can see, the calculator tells us that our lay stake should be £8.08…
Place £10.00 on Summerville Boy @ 10.00 = Potential profit of £90.00
Lay £8.08 on Summerville Boy @ 11.50 = Potential liability of £84.84
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Summerville Boy wins | + £90.00 – £84.84 = £5.16 profit |
| Summerville Boy doesn’t win | – £10.00 + £7.67 + £7.50 (extract 75% from our £10.00 free bet) = £5.17 profit |
So, regardless of the outcome and with some good odds, we should make a guaranteed profit of £5.00+ on each race. With eight eligible races to look forward to, this gives us an overall guaranteed profit of £40.00+ on this Betway offer!
If eligible, free bets will be credited within 24 hours of our qualifying bets being settled and will be valid for 24 hours. Free bet stakes are not included in any returns.
I’ll update the following table with some suggested bets throughout the week…
| Race | Selection | Back Odds | Lay Odds | Profit |
|---|---|---|---|---|
| Supreme Novices’ Hurdle | Summerville Boy | 10.00 | 11.50 | £5.16 |
| Close Brothers Handicap Hurdle | Any Second Now | 7.00 | 7.80 | £5.15 |
| Ballymore Novices’ Hurdle | Next Destination | 5.00 | 5.40 | £5.04 |
| Champion Bumper | Blackbow | 6.00 | 6.40 | £5.35 |
| JLT Novices’ Chase | Terrefort | 5.00 | 5.40 | £5.04 |
| Kim Muir Handicap Chase | Sugar Baron | 12.00 | 14.00 | £5.15 |
| Triumph Hurdle | Mr Adjudicator | 9.00 | 9.40 | £5.87 |
| Grand Annual Handicap Chase | Vaniteux | 12.00 | 14.00 | £5.15 |
* Overall profit of £41.91 on this Betway offer. *
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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.