The Cheltenham Festival 2019 gets underway on Tuesday and you don’t want to miss this SportPesa offer! Simply place a bet on any race at Cheltenham between Tuesday and Thursday and if our horse wins, SportPesa will give us a bonus equal to our stake, up to a maximum of £25.00. Translated into matched betting terms, this gives us an overall potential profit of £50.00+ and here’s how…
- Maximum stake of £25.00.
- Qualifying bets must be placed at odds of 2.00 (evens) or greater.
- Applies to first winning bet placed on the day.
- Maximum of one bonus per player, per day.
- If our selection wins the race, SportPesa will give us a bonus, equal to our qualifying stake to use on the following day’s races.
This offer is available on all 21 races between Tuesday 12th March 2019 (Day 1) and Thursday 14th March 2019 (Day 3).
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 bonus, 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 on the day of each race. 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 £24.13…
Place £25.00 on Al Dancer @ 5.00 = Potential profit of £100.00
Lay £24.13 on Al Dancer @ 5.20 = Potential liability of £101.34
Let’s have a look at our potential profit/loss for the possible outcomes…
|Al Dancer wins||+£100.00||-£101.34||+£20.00||£18.66 profit|
|Al Dancer doesn't win||-£25.00||+£23.64||£1.36 loss|
So, we’ll make a nice profit of £18.66 if Al Dancer wins, otherwise we’ll lose £1.36. Risking £1.36 to make a profit of £18.66 gives us effective odds of 14.72. So, given that Al Dancer 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 every race across the first three days of the Cheltenham Festival 2019, giving us an overall potential profit of £50.00+ on this SportPesa offer!
If eligible, bonuses will be credited before the first race (13:30) on the following day. Bonuses will be valid for 24 hours 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 each day…
|Race||Selection||Back Odds||Lay Odds||Profit/Loss|
|13:30 Tuesday||Fakir D'Oudairies||6.00||6.20||-£1.22|
|14:10 Tuesday||Glen Forsa||5.50||5.80||-£1.69|
|15:30 Tuesday||Apple's Jade||3.25||3.35||-£1.09|
|14:10 Wednesday||Delta Work||3.25||3.50||-£2.12|
|16:10 Wednesday||Tiger Roll||2.25||2.36||+£18.56|
|13:30 Thursday||Defi Du Seuil||3.75||4.10||+£23.77*|
* Defi Du Seuil won the race with a starting price (SP) of 4.00 (3/1), resulting in £6.25 extra profit courtesy of SportPesa’s Best Odds Guaranteed promotion.
Click here to take advantage of this SportPesa offer