£70.00+
Potential Profit
£34.42
Actual Profit

Cheltenham Festival 2020 Offer – Bethard


Posted by Matt (administrator) Matt
Start Time: 10/03/2020 13:30

The Cheltenham Festival 2020 gets underway on Tuesday and you don’t want to miss this Bethard Money Back Special! Simply place a bet on the 13:30 each day and if our horse finishes 2nd or 3rd, Bethard will refund our stake as a bonus, up to £20.00. Translated into matched betting terms, this gives us a potential profit of £70.00+ and here’s how…

Banner showing the Bethard offer on Cheltenham Festival 2020

Key Terms:

  • Offer is valid from 15:00 on Monday 9th March 2020 to 13:30 on Friday 13th March 2020.
  • Only our first bet on each race qualifies for the promotion.
  • Qualifying bets can be win singles or each way singles.
  • If our horse finishes 2nd or 3rd, our stake will be refunded as a bonus, up to a maximum of £20.00.
  • Bonuses have a 1x wagering requirement.

Qualifying Bets:

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

RaceTimeDate
Supreme Novices' Hurdle13:30Tuesday 10th March 2020
Ballymore Novices' Hurdle13:30Wednesday 11th March 2020
The Marsh Novices' Chase13:30Thursday 12th March 2020
JCB Triumph Hurdle13:30Friday 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.

At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional lay odds for Asterion Forlonge (5/2) in the Supreme Novices’ Hurdle (Tuesday) and I’ll update the table at the bottom of the post with some actual selections after each race.

At the time of writing, laying our bet at Betfair is likely to give 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 £19.02…

Bethard logo

Place £20.00 on Asterion Forlonge @ 3.50 = Potential profit of £50.00

Betfair logo

Lay £19.02 on Asterion Forlonge @ 3.70 = Potential liability of £51.35

Outcomes:

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

OutcomeBookieExchangeExtractedProfit/Loss
Asterion Forlonge wins+£50.00-£51.35£1.35 loss
Asterion Forlonge finishes 2nd or 3rd-£20.00+£18.63+£19.00£17.63 profit
Asterion Forlonge finishes outside top 3-£20.00+£18.63£1.37 loss

So, we would make a nice profit of £17.63 if Asterion Forlonge finishes 2nd or 3rd and we would stand to lose a maximum of £1.37 on any other outcome. Risking £1.37 to make a profit of £17.63 gives us effective odds of 13.87, 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 £70.00+ on this Bethard offer!

If eligible, bonuses will be credited by 15:00 on the day of the race and must be wagered once at odds of 1.50 (1/2) or greater within 7 days.

If you’re unsure how to extract £19.00 cash (95%) from a £20.00 bonus, check out my Bonus Rollover Strategy page for a walk-through guide on how it should be done.

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

RaceSelectionBack OddsLay OddsProfit/Loss
13:30 TuesdayAbacadabras4.504.70+£17.84
13:30 WednesdayEnvoi Allen1.6671.70-£0.55
13:30 ThursdayFaugheen4.3334.50+£17.95
13:30 FridayGoshen3.753.85-£0.82

Comments


  1. kerri250

    0

    Hi Matt,

    Trying to deposit £20 into Bethard and they keep saying that my deposit limit has been reached despite having hardly deposited any money, how do you rectify this, I need help.

    Colin B

    +0
    Reply
    1. Matt

      294

      You should be able to see your deposit limits within your account settings Kerri.

      +0
      Reply
  2. James

    Guest user

    Since you only have to rollover the bonus once, it’s ok to choose low odds for a low qualifying loss right?

    +0
    Reply
    1. Matt

      294

      Yes James, that’s correct. Just be sure to roll it over at odds of 1.50 (1/2) or greater.

      +0
      Reply
  3. Tom

    Guest user

    Do you have to clear your existing balance before rolling over the bonus though?

    +0
    Reply
    1. Christine M

      Guest user

      Bets use cash balance before bonus balance, I have found after getting the bonus yesterday.

      +1
      Reply
    2. Wingman

      Guest user

      No you don’t Tom. When you place your next bet it will initially be placed out of cash, but when that bet settles (and the wagering requirement is met), you’ll receive the £20 into your account.

      +1
      Reply
  4. Simon G

    Guest user

    I don’t see this offer in promotions. Assume it should show there?

    +0
    Reply
    1. Matt

      294

      Yes you should be seeing it there Simon.

      +0
      Reply

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