The Cheltenham Festival 2019 gets underway on Tuesday and you don’t want to miss this Bet365 offer! Simply back a winner at 4/1 or more in any live ITV race and Bet365 will give us a risk-free bet equal to our stake, up to a maximum of £50.00. Translated into matched betting terms, this gives us an overall potential profit of £100.00+ and here’s how…
- Offer applies to first win or each way single bet placed on each race shown live on ITV.
- If our horse wins, we’ll qualify for a risk-free bet to the same stake, up to £50.00, on the next ITV race.
- Risk-free bets must be placed using our own funds and if it loses, Bet365 will refund our stake in cash.
This offer is available on the first five races each day (13:30, 14:10, 14:50, 15:30 and 16:10).
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.
We have the option to overlay our bets for a small guaranteed profit. We can simply add 0.80 to our back odds when entering them into the calculator as we would expect to extract 80% cash from a risk-free bet, should our horse win.
The guaranteed profits are a little on the small side though, so it may be best to just lay our bets normally and hope a couple of our horses win.
The back and lay odds should tighten up as the start of each race draws nearer. In the meantime though, I’ll use fictional lay odds for Al Dancer in the Supreme Novices’ Hurdle to illustrate how this offer should be done. I’ll update the table at the bottom of the post with some actual selections at the end of each day.
At the time of writing, laying our bet at Smarkets is likely to give us the biggest guaranteed profit.
We can calculate our stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £48.42…
Place £50.00 on Al Dancer @ 5.50 = Potential profit of £225.00
Lay £48.42 on Al Dancer @ 5.70 = Potential liability of £227.57
Let’s have a look at our potential profit/loss for the possible outcomes…
|Al Dancer wins||+£225.00||-£227.57||+£37.50||£34.93 profit|
|Al Dancer doesn't win||-£50.00||+£47.45||£2.55 loss|
So, we’ll make a nice profit of £34.93 if Al Dancer wins, otherwise we’ll lose £2.55. Risking £2.55 to make a profit of £34.93 gives us effective odds of 14.70. So, given that Al Dancer is odds of just 5.50 (9/2) to win the race, this is a profitable offer in the long run.
This offer is available on 20 races across the Cheltenham Festival 2019, giving us an overall potential profit of £100.00+ on this Bet365 offer!
If any of our selections win, our risk-free bet will be valid on the very next ITV race. We must place our risk-free bets using our own funds and if our selection loses, Bet365 will refund our stake in cash, up to a maximum of £50.00. If our risk-free bet wins, we’ll qualify for another risk-free bet on the next ITV race.
If you’re unsure how to extract £40.00 cash (80%) from a £50.00 risk-free bet, check out my Risk-Free Bet Strategy page for a walk-through guide on how it should be done.
I’ll update the following table with some actual selections at the end of each day…
|Race||Selection||Back Odds||Lay Odds||Profit/Loss|
|13:30 Tuesday||Al Dancer||5.50||5.70||-£2.55|
|16:10 Friday||Caid Du Berlais||8.00||8.20||-£2.08|
Click here to take advantage of this Bet365 offer