Cheltenham Festival 2019 Offer – Totesport

The Cheltenham Festival 2019 gets underway on Tuesday and you don’t want to miss this Totesport Money Back Special! Simply place a bet on the first race at Cheltenham each day and if our horse finishes 2nd or 3rd, Totesport will refund our stake as a free bet, up to £10.00. Translated into matched betting terms, this gives us an overall potential profit of £28.64 and here’s how…

Key Terms:

  • Offer applies to win singles and the win part of each way bets.
  • Applies to bets placed from 17:00 the day before each particular race.
  • Seven or more runners must start the race for the offer to stand.
  • If our horse finishes 2nd or 3rd, Totesport will refund our stake as a free bet, up to a maximum of £10.00.

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

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’s entirely up to you which horses you go for, but it would make sense to select horses with fairly short odds in the hope of a 2nd or 3rd place finish.

Having looked at the odds available for the Supreme Novices’ Hurdle, we could place our qualifying bet on Al Dancer.

At the time of writing, laying our bet at Smarkets gives us the biggest potential profit.

We can work out our lay 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 £9.35…

Totesport logo

Place £10.00 on Al Dancer @ 5.50 = Potential profit of £45.00

Smarkets logo

Lay £9.35 on Al Dancer @ 5.90 = Potential liability of £45.81

Outcomes:

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

Outcome Bookie Exchange Extracted Profit/Loss
Al Dancer wins +£45.00 -£45.81 £0.81 loss
Al Dancer finishes 2nd or 3rd -£10.00 +£9.16 +£8.00 £7.16 profit
Al Dancer finishes outside top 3 -£10.00 +£9.16 £0.84 loss

So, we’ll make a nice profit of £7.16 if Al Dancer finishes 2nd or 3rd and we stand to lose a maximum of £0.84 on any other outcome. Risking £0.84 to make a profit of £7.16 gives us effective odds of 9.52, which I’m sure you’ll agree, makes this a profitable offer in the long run.

This offer is available on the first race each day of the Cheltenham Festival 2019, giving us an overall potential profit of £28.64 on this Totesport offer!

If eligible, free bets will be credited within 24 hours of our qualifying bets being settled. Free bets will be valid for 7 days and free bet stakes are not included in any returns.

I’ll update the following table with some actual selections after each race…

Race Selection Back Odds Lay Odds Profit/Loss
Supreme Novices’ Hurdle Al Dancer 5.50 5.90 -£0.84
Ballymore Novices’ Hurdle Champ 5.50 5.80 +£7.32
JLT Novices’ Steeple Chase Defi Du Seuil 3.75 4.10 +£1.52*
JCB Triumph Hurdle Quel Destin 5.00 5.40 -£0.90

* Defi Du Seuil won the race with a starting price (SP) of 4.00 (3/1), resulting in a small qualifying profit courtesy of Totesport’s Best Odds Guaranteed promotion.

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched 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.