£4.68
Guaranteed Profit
£4.70
Actual Profit

Cheltenham Festival 2018 Offer (Day 2) – Genting Bet


Posted by Matt (administrator) Matt
Start Time: 14/03/2018 15:30

It’s Day 2 of the Cheltenham Festival 2018 and you don’t want to miss this Money Back Special from Genting Bet! Place a bet on the Queen Mother Champion Chase (15:30) and Genting Bet will refund our first losing bet as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a guaranteed profit of £4.68 and here’s how…

The Strategy:

If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how it should be done.

Qualifying bets must be placed before 15:30 (race-off) on Wednesday 14th March 2018, to be eligible.

Our first losing settled bet will be refunded as a free bet, so this is effectively a risk-free offer. We therefore need to select a horse with long odds in order to maximise our profit.

Qualifying Bet:

Having looked at the odds available, we could place our qualifying bet on Min.

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…

Select bet type

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 £7.58…

Genting Bet logo

Place £10.00 on Min @ 4.50 = Potential profit of £35.00

Betfair logo

Lay £7.58 on Min @ 5.00 = Potential liability of £30.32

Outcomes:

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

Min wins+ £35.00 – £30.32 = £4.68 profit
Min doesn't win- £10.00 + £7.20 + £7.50 (extract 75% from our £10.00 free bet) = £4.70 profit

So, regardless of the result of the race, we’ll make a guaranteed profit of £4.68 on this Genting Bet offer!

If our selection loses, our free bet will be credited within 24 hours of our qualifying bet being settled. Our free bet will be valid on any Sports market for 3 days and free bet stakes are not included in any returns.

If you’re unsure how to extract 75% cash from a £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

* See my Horse Racing Offers page for a full list of money back offers available today! *

* Min didn’t win the race, resulting in a profit of £4.70 on this Genting Bet offer. *

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