£50.00+
Potential Profit
£37.40
Actual Profit

Cheltenham Festival 2019 Offer – Unibet


Posted by Matt (administrator) Matt
Start Time: 12/03/2019 13:30

The Cheltenham Festival 2019 gets underway on Tuesday and you don’t want to miss this Unibet offer! Simply place a bet on any ITV race in the 15 minutes before the scheduled start time and if we back the winner, Unibet will match our stake with a free bet, up to £20.00. Translated into matched betting terms, this gives us an overall potential profit of £50.00+ and here’s how…

Key Terms:

  • Minimum stake of £5.00.
  • Qualifying bets must be placed on the selected ITV races in the 15 minutes before the scheduled start time.
  • Qualifying bets must be placed at odds of 2.00 (evens) or greater.
  • If our selected horse wins, Unibet will match our stake with a free bet, up to £20.00.

Qualifying Bets:

This offer is available on the first five races each day (13:30, 14:10, 14:50, 15:30 and 16:10).

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 free bet, 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.

It’s entirely up to you which horses you place your qualifying bets on. We won’t know what odds are available until 15 minutes before the off, so I’ll use fictional odds for Apple’s Jade in the Unibet Champion Hurdle (15:30 on Tuesday 12th March 2019) 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 potential profit.

We can calculate our 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 £18.87…

Unibet logo

Place £20.00 on Apple’s Jade @ 3.00 = Potential profit of £40.00

Smarkets logo

Lay £18.87 on Apple’s Jade @ 3.20 = Potential liability of £41.51

Outcomes:

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

OutcomeBookieExchangeExtractedProfit/Loss
Apple's Jade wins+£40.00-£41.51+£16.00£14.49 profit
Apple's Jade doesn't win-£20.00+£18.49£1.51 loss

So, we’ll make a nice profit of £14.49 if Apple’s Jade wins, otherwise we’ll lose £1.51. Risking £1.51 to make a profit of £14.49 gives us effective odds of 10.60. So, given that Apple’s Jade is odds of just 3.00 (2/1) to win the race, this is a profitable offer in the long run.

This offer is available on 20 races across the Cheltenham Festival 2019, giving us an overall potential profit of £50.00+ on this Unibet offer!

If eligible, free bets will be credited within 30 minutes of the weigh in and will be valid for 7 days. Free bet stakes will not be returned with any winnings.

If you’re unsure how to extract £16.00 cash (80%) from a £20.00 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 at the end of each day…

RaceSelectionBack OddsLay OddsProfit/Loss
13:30 TuesdayFakir D'Oudairies6.006.20-£0.97
14:10 TuesdayHardline5.005.20-£1.08
15:30 TuesdayApple's Jade3.253.35-£0.88
13:30 WednesdayChamp5.505.80-£1.36
14:10 WednesdayDelta Work3.253.45-£1.43
16:10 WednesdayTiger Roll2.252.36+£14.85
13:30 ThursdayDefi Du Seuil3.754.10+£19.03*
14:50 ThursdayMonalee5.505.90-£1.67
15:30 ThursdayPaisley Park2.3752.54+£14.48
16:10 ThursdayJanika3.754.00-£1.54
13:30 FridaySir Erec2.102.18-£0.95
15:30 FridayPresenting Percy5.005.20-£1.08

* Defi Du Seuil won the race with a starting price (SP) of 4.00 (3/1), resulting in £5.00 extra profit courtesy of Unibet’s Best Odds Guaranteed promotion.

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