Cheltenham Festival 2020 Offer – Betfred

The Cheltenham Festival 2020 gets underway on Tuesday and you don’t want to miss this Betfred Money Back Special! Simply back a horse in the 13:30 each day and if it finishes 2nd or 3rd, Betfred will refund our stake as a free bet, up to £10.00. Translated into matched betting terms, this gives us a potential profit of £28.00+ and here’s how…

Key Terms:

  • Applies to bets placed from 17:00 the day before the race in question.
  • Offer applies to win singles and the win part of each way bets only.
  • If our horse finishes 2nd or 3rd, our stake will be refunded as a free bet, up to a maximum of £10.00.

Qualifying Bets:

This offer is available on the 13:30 each day as follows…

Race Time Date
Supreme Novices’ Hurdle 13:30 Tuesday 10th March 2020
Ballymore Novices’ Hurdle 13:30 Wednesday 11th March 2020
The Marsh Novices’ Chase 13:30 Thursday 12th March 2020
JCB Triumph Hurdle 13:30 Friday 13th March 2020

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 place your qualifying bets on.

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

At the time of writing, laying our bet at Betfair gives us the smallest qualifying loss.

Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.

Banner showing the zero commission sign up offer from Betfair

Banner showing the zero commission sign up offer from Betfair

If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.

For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.

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 £9.66…

Betfred logo

Place £10.00 on Asterion Forlonge @ 3.75 = Potential profit of £27.50

Betfair logo

Lay £9.66 on Asterion Forlonge @ 3.90 = Potential liability of £28.01

Outcomes:

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

Outcome Bookie Exchange Extracted Profit/Loss
Asterion Forlonge wins +£27.50 -£28.01 £0.51 loss
Asterion Forlonge finishes 2nd or 3rd -£10.00 +£9.46 +£8.00 £7.46 profit
Asterion Forlonge finishes outside top 3 -£10.00 +£9.46 £0.54 loss

So, we would make a nice profit of £7.46 if Asterion Forlonge finishes 2nd or 3rd and we would stand to lose a maximum of £0.54 on any other outcome. Risking £0.54 to make a profit of £7.46 gives us effective odds of 14.81, which I’m sure you’ll agree, makes this a profitable offer in the long run.

With 4 eligible races across the 4 days, this gives us an overall potential profit of £28.00+ on this Betfred offer!

If eligible, free bets will be credited within 24 hours of our qualifying bets being settled and will be valid for 7 days.

If you’re unsure how to extract £8.00 cash (80%) from a £10.00 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 selections throughout the Festival…

Race Selection Back Odds Lay Odds Profit
13:30 Tuesday Asterion Forlonge 3.75 3.90 -£0.54
13:30 Wednesday Envoi Allen 1.667 1.70 -£0.27
13:30 Thursday Faugheen 4.333 4.50 +£7.47
13:30 Friday Goshen 3.75 3.85 -£0.41

Got a question?
Leave me a comment below

I usually respond within 24 hours.

Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.