The Cheltenham Festival 2020 gets underway on Tuesday and you don’t want to miss this BoyleSports Money Back Special! Simply place a bet on any race and if our horse finishes 2nd or 3rd to the SP Favourite, BoyleSports will refund our stake as 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:
- Applies to win singles and the win part of each way singles only.
- Ante post bets placed from Tuesday 3rd March 2020 will qualify.
- Only our first bet on each race qualifies for the promotion.
- If our horse finishes 2nd or 3rd to the starting price (SP) favourite, BoyleSports will refund our stake as a free bet, up to a maximum of £20.00.
- 2nd place refund applies only to races with 5+ runners.
- 3rd place refund applies only to races with 8+ runners.
Qualifying Bets:
This offer is available on all 28 races at the Cheltenham Festival 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.
We’ll need to be selective with our races for this offer. We’ll only make a profit if the favourite wins the race so it’s best to stick to races where there is a relatively short-priced favourite.
We should place our bets close to the off as we need to make sure our selection isn’t going to start the race as favourite.
In the meantime, I’ll use fictional lay odds for Honeysuckle (2/1) in the Mares’ Hurdle (16:10 on Tuesday) 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 Betfair is likely to give us the biggest potential profit.
Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.
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…
As you can see, the calculator tells us that our lay stake should be £18.87…
Place £20.00 on Honeysuckle @ 3.00 = Potential profit of £40.00
Lay £18.87 on Honeysuckle @ 3.20 = Potential liability of £41.51
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Extracted | Profit/Loss |
|---|---|---|---|---|
| Honeysuckle wins | +£40.00 | -£41.51 | £1.51 loss | |
| Honeysuckle finishes 2nd/3rd to SP Fav | -£20.00 | +£18.49 | +£16.00 | £14.49 profit |
| Any other outcome | -£20.00 | +£18.49 | £1.51 loss |
So, we’ll make a nice profit of £14.49 if Honeysuckle finishes 2nd or 3rd to the SP Favourite and we stand to lose £1.51 on any other outcome. Risking £1.51 to make a profit of £14.49 gives us effective odds of 10.60, which I’m sure you’ll agree, makes this a profitable offer in the long run.
This offer is available on every race at the Cheltenham Festival 2020, giving us an overall potential profit of £50.00+ on this BoyleSports offer!
If eligible, free bets will be credited within 1 hour and will be valid for 7 days. Free bet stakes are not included in any returns.
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 | Abacadabras | 4.50 | 4.70 | -£1.16 |
| 14:10 Tuesday | Fakir D’Oudairies | 4.50 | 4.60 | -£0.75 |
| 16:10 Tuesday | Honeysuckle | 3.50 | 3.75 | -£1.61 |
| 14:10 Wednesday | Champ | 5.00 | 5.30 | -£1.44 |
| 16:10 Wednesday | Easysland | 4.00 | 4.30 | -£1.67 |
| 14:50 Thursday | Min | 3.00 | 3.15 | -£1.21 |
| 14:50 Friday | Fury Road | 6.50 | 6.80 | -£1.22 |
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Matt Kirman – Matched 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.