The Cheltenham Festival 2019 gets underway on Tuesday and you don’t want to miss this Betway Money Back Special! Simply place a bet on the first and/or last race at Cheltenham each day and if it 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 £48.00 and here’s how…
Key Terms:
- Minimum stake of £2.00.
- Qualifying bets must be placed on the first and/or last race each day at the Cheltenham Festival 2019.
- If our bet loses, Betway will refund our stake as a free bet, up to a maximum of £10.00.
- We can claim a maximum of two free bets per day.
Qualifying Bets:
This offer is available on the first and last race each day as follows…
| Race | Time | Date |
|---|---|---|
| Supreme Novices’ Hurdle | 13:30 | Tuesday 12th March 2019 |
| National Hunt Novices´ Chase | 17:30 | Tuesday 12th March 2019 |
| Ballymore Novices’ Hurdle | 13:30 | Wednesday 13th March 2019 |
| Weatherbys Champion Bumper | 17:30 | Wednesday 13th March 2019 |
| JLT Novices’ Steeple Chase | 13:30 | Thursday 14th March 2019 |
| Kim Muir Challenge Cup | 17:30 | Thursday 14th March 2019 |
| JCB Triumph Hurdle | 13:30 | Friday 15th March 2019 |
| Johnny Henderson Grand Annual Steeple Chase | 17:30 | Friday 15th March 2019 |
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. In the meantime though, I’ll use fictional lay odds for Elixir De Nutz in the Supreme Novices’ Hurdle to illustrate how this offer should be done each day. I’ll update the table at the bottom of the post with some actual selections after each race.
At the time of writing, laying our bet at Smarkets is likely to give us the biggest guaranteed profit.
We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £8.00 as our ‘Cashback’ figure as this is the amount we can expect to extract (80%) 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 £8.21…
Place £10.00 on Elixir De Nutz @ 8.50 = Potential profit of £75.00
Lay £8.21 on Elixir De Nutz @ 9.40 = Potential liability of £68.96
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Extracted | Profit/Loss |
|---|---|---|---|---|
| Elixir De Nutz wins | +£75.00 | -£68.96 | £6.04 profit | |
| Elixir De Nutz doesn’t win | -£10.00 | +£8.04 | +£8.00 | £6.04 profit |
So, regardless of the outcomes and with some good odds, we should make a guaranteed profit of around £6.00 on each race. With 8 races to look forward to across the 4 days, this gives us an overall guaranteed profit of £48.00 on this Betway offer!
If eligible, free bets will be credited within 24 hours of our qualifying bets being settled. Free bets will be valid for 24 hours and free bet stakes are not included in any returns.
If you’re unsure how to extract £8.00 cash (80%) from a £10.00 free bet, check out my 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 after each race…
| Race | Selection | Back Odds | Lay Odds | Profit |
|---|---|---|---|---|
| Supreme Novices’ Hurdle | Al Dancer | 5.50 | 5.70 | £6.10 |
| National Hunt Novices’ Chase | Le Breuil | 15.00 | 17.00 | £6.24 |
| Ballymore Novices’ Hurdle | Brewin’upastorm | 11.00 | 12.00 | £6.33 |
| Weatherbys Champion Bumper | Ask For Glory | 8.00 | 8.80 | £6.03 |
| JLT Novices’ Steeple Chase | Real Steel | 7.00 | 7.40 | £6.23 |
| Kim Muir Challenge Cup | Kilfilum Cross | 8.00 | 8.40 | £6.41 |
| JCB Triumph Hurdle | Quel Destin | 5.00 | 5.40 | £5.65 |
| Johnny Henderson Grand Annual Steeple Chase | Defi Bleu | 17.00 | 19.00 | £6.36 |
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.