It’s Day 4 of the Cheltenham Festival 2019 on Friday and you don’t want to miss this SportPesa Money Back Special! Simply place a bet on any race at Cheltenham on Friday and if our horse loses, but the SP Favourite wins, SportPesa will refund our stake as a bonus, up to £25.00. Translated into matched betting terms, this gives us an overall potential profit of £50.00+ and here’s how…
Key Terms:
- Applies to all Cheltenham races on Friday 15th March 2019.
- Only our first bet on each race qualifies for the offer.
- Applies only to races with 5+ runners.
- If our horse loses, but the Starting Price (SP) Favourite wins, SportPesa will refund our stake as a bonus, up to a maximum of £25.00.
Qualifying Bets:
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.
It might be worth waiting until close to the start of each race as we need to select a horse that is unlikely to start the race as favourite.
In the meantime, I’ll use fictional odds for Clan Des Obeaux in the Gold Cup (15:30), to illustrate how this offer should be done.
At the time of writing, laying our bet at Smarkets is likely to give us the biggest potential profit.
We can work out our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £24.27…
Place £25.00 on Clan Des Obeaux @ 6.00 = Potential profit of £125.00
Lay £24.27 on Clan Des Obeaux @ 6.20 = Potential liability of £126.20
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Extracted | Profit/Loss |
|---|---|---|---|---|
| Clan Des Obeaux wins | +£125.00 | -£126.20 | £1.20 loss | |
| Clan Des Obeaux loses but SP Fav wins | -£25.00 | +£23.78 | +£20.00 | £18.78 profit |
| Any other outcome | -£25.00 | +£23.78 | £1.22 loss |
So, we’ll make a nice profit of £18.78 if Clan Des Obeaux loses, but the SP Favourite wins and we stand to lose a maximum of £1.22 on any other outcome. Risking £1.22 to make a profit of £18.78 gives us effective odds of 16.39. So, given that Presenting Percy (SP Favourite at the time of writing) is odds of just 5.00 (4/1) to win the race, this is a profitable offer in the long run.
This offer is available on all Cheltenham races on Friday, giving us an overall potential profit of £50.00+ on this SportPesa offer!
If eligible, bonuses will be credited within 48 hours of our qualifying bet being settled. Bonuses will be valid for 5 days and must be selected from the dropdown within our betslip. Bonus stakes are not included in any returns, so we can treat them exactly the same as a stake not returned free bet.
If you’re unsure how to extract £20.00 cash (80%) from a £25.00 stake not returned bonus, 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 at the end of the day…
| Race | Selection | Back Odds | Lay Odds | Profit/Loss |
|---|---|---|---|---|
| – | – | – | – | – |
* Only one race had a clear favourite and it proved very difficult to get any close matches, resulting in break even on this SportPesa offer. *
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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.