£100.00+
Potential Profit
£-3.15
Actual Profit

Cheltenham Festival 2019 Offer – Bet365


Posted by Matt (administrator) Matt
Start Time: 12/03/2019 13:30

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…

Key Terms:

  • 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.

Qualifying Bets:

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…

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 £48.42…

bet365 logo

Place £50.00 on Al Dancer @ 5.50 = Potential profit of £225.00

Smarkets logo

Lay £48.42 on Al Dancer @ 5.70 = Potential liability of £227.57

Outcomes:

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

OutcomeBookieExchangeExtractedProfit/Loss
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…

RaceSelectionBack OddsLay OddsProfit/Loss
13:30 TuesdayAl Dancer5.505.70-£2.55
14:10 TuesdayHardline5.005.20-£2.71
13:30 WednesdayChamp5.505.80-£3.38
14:50 ThursdayFootpad5.004.70+£2.35
16:10 ThursdayJanika5.504.90+£5.22
16:10 FridayCaid Du Berlais8.008.20-£2.08

Comments


  1. Ste

    Guest user

    So if our horse wins do we calculate the next race as risk free bet on the calculator or qualifying bet again

    +0
    Reply
    1. Matt

      104

      You can use the ‘Risk-Free Bet’ setting and enter the amount you expect to extract as your ‘Cashback’ figure. You should be looking to extract around £37.50 (75%).

      +0
      Reply
  2. Barry

    Guest user

    Looks like Bet365 have another offer for a £25 free bet on selected Cheltenham races if you place a bet on any Cheltenham races. It was a pop up offer but can’t see it on the main site now.

    +0
    Reply
    1. Jamie

      Guest user

      I’ve got that too Barry but for £50 so I hope to make £150 from it. Same offer as last year I remember, only I had £25 last year. It’s invite only so you’ll only see it in your messages section

      +0
      Reply
  3. Sam

    Guest user

    Yeah I got free £50 bet when you bet £50 and there was no minimum odds required on the qualifying bet! This is an outstanding offer but my mate hasn’t got it so it does seem to be invite only, don’t know why I’ve been lucky to get it but I’ll take it.

    +0
    Reply
  4. Filip S

    Guest user

    Why dont I just raise the odds for the expected 75% and guarantee myself a profit of 14 every time. So basically I always raise my back odd by 0.75

    +0
    Reply
    1. Matt

      104

      I’ve mentioned that strategy in the ‘Qualifying Bet:’ section of the post Filip. It’s entirely up to you which method you opt for, but I would suggest your expected profit of £14.00 is a little on the optimistic side. I’d say you’re looking at around the £5.00 mark with decent odds.

      +0
      Reply
  5. Sully

    Guest user

    Anyone else not receive their Free Bet on the 15:30 today after placing their qualifying bet on a different cheltenham race??

    Their live chat was conveniently not working too this afternoon so I had to email. No reply yet.

    +0
    Reply
  6. Filip Suska

    Guest user

    Hi is it possible to use this same offer that is on betfair and also lay it on betfair ? I mean it look 100% suspicious but is it legit ?

    +0
    Reply
    1. Matt

      104

      It breaches the terms of the offer Filip…

      ‘Bets settled using Cash Out, Exchange bets and bets placed with free bets will not be refunded.’

      +0
      Reply

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