The Cheltenham Festival 2019 gets underway on Tuesday and you don’t want to miss this Sky Bet Money Back Special! Simply place a bet on the first race at Cheltenham each day and if it loses, Sky Bet will refund our stake as cash, up to a maximum of £20.00. Translated into matched betting terms, this gives us an overall guaranteed profit of £60.00 and here’s how…
Key Terms:
- Qualifying bets for Day 1 must be placed between 08:00 on Friday 22nd February 2019 and 13:30 (race-off) on Tuesday 12th March 2019.
- This offer applies to our first cash win or each way single bet on the 13:30 at Cheltenham.
- If our bet loses, Sky Bet will refund our stake as cash, up to a maximum of £20.00.
Qualifying Bets:
This offer is available on the first race each day as follows…
| Race | Time | Date |
|---|---|---|
| Supreme Novices’ Hurdle | 13:30 | Tuesday 12th March 2019 |
| Ballymore Novices’ Hurdle | 13:30 | Wednesday 13th March 2019 |
| JLT Novices’ Steeple Chase | 13:30 | Thursday 14th March 2019 |
| JCB Triumph Hurdle | 13:30 | Friday 15th March 2019 |
Losing stakes are refunded as cash, so this can be treated as a risk-free bet 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 Angels Breath 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 £20.00 as our ‘Cashback’ figure as our full £20.00 stake will be refunded as cash if our horse loses…
As you can see, the calculator tells us that our lay stake should be £15.67…
Place £20.00 on Angels Breath @ 6.00 = Potential profit of £100.00
Lay £15.67 on Angels Breath @ 6.40 = Potential liability of £84.61
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Refund | Profit/Loss |
|---|---|---|---|---|
| Angels Breath wins | +£100.00 | -£84.61 | £15.39 profit | |
| Angels Breath doesn’t win | -£20.00 | +£15.35 | +£20.00 | £15.35 profit |
So, regardless of the outcomes and with some good odds, we should make a guaranteed profit of at least £15.00 each day. With four days of racing to look forward to, this gives us an overall guaranteed profit of £60.00 on this Sky Bet offer!
If eligible, cash refunds will be credited within 24 hours of each race finishing.
I’ll update the following table with some actual selections after each race…
| Race | Selection | Back Odds | Lay Odds | Profit |
|---|---|---|---|---|
| Supreme Novices’ Hurdle | Angels Breath | 6.50 | 7.00 | £15.44 |
| Ballymore Novices’ Hurdle | Brewin’upastorm | 11.00 | 12.00 | £16.35 |
| JLT Novices’ Steeple Chase | Real Steel | 7.00 | 7.40 | £15.93 |
| JCB Triumph Hurdle | Gardens Of Babylon | 11.00 | 13.00 | £15.10 |
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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.