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Cheltenham Festival 2021 Offer – BoyleSports

Cheltenham Festival 2021 is here and BoyleSports are getting in on the action! Simply place a bet on any race and if the horse you back finishes 2nd or 3rd to the SP favourite, BoyleSports will refund your stake as a free bet, up to a maximum of £20.00. Translated into matched betting terms, this gives us a potential profit of £20.00+ and here’s how…

Key terms

  • Applies to win singles and the win part of each way singles only.
  • Applies to first bet on each race.
  • Maximum free bet refund of £20.00 if horse finishes 2nd or 3rd to the SP favourite.
  • 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 Cheltenham Festival 2021.

If you’d like more information about qualifying bets and how they work, please see my qualifying bets guide.

I’m going to use fictional odds in the following example to illustrate how this offer works and I’ll update the table at the bottom of the post with some genuine selections at the end of each day.

The starting price (SP) favourite is the horse that starts the race with the shortest odds. It’s therefore best to wait until close to the race starting as we need to be fairly sure that our selection isn’t going to start the race as favourite.

At the time of writing, Allmankind is back odds of 5.00 (4/1) to win the Arkle Chase (13:55 Tuesday). Let’s imagine the lay odds are 5.30.

Either exchange works for this offer

Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.

  • Money back as cash up to £20
  • 0% commission for 60 days

We can calculate our lay stake using my Matched Betting Calculator

Back Bet (Bookie)


Lay Bet (Betting Exchange)


Min £
Max £
Lay stake required: £
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 £18.94…

BoyleSports logo

Place £20.00 on Allmankind @ 5.00 = Potential profit of £80.00

Betfair logo

Lay £18.94 on Allmankind @ 5.30 = Potential liability of £81.44


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

OutcomeBoyleSportsBetfairFree BetProfit/Loss
Allmankind wins+ £80.00– £81.44£1.44 loss
Allmankind finishes 2nd or 3rd to SP fav– £20.00+ £18.56+ £16.00£14.56 profit
Any other outcome– £20.00+ £18.56£1.44 loss

So, we would make a nice profit of £14.56 if Allmankind finishes 2nd or 3rd to the SP favourite, or lose £1.44 on any other outcome. Risking £1.44 to make a potential profit of £14.56 gives us effective odds of 11.11. So, with Shishkin favourite to win the race at odds as short as 1.50 (1/2), I’m sure you’ll agree this a profitable offer in the long run.

We won’t find a suitable selection for every race, nor should we be aiming to bet on every race. Stick to races where there is a clear favourite and keep your qualifying losses to a minimum. With 28 races to go at, there’s an overall potential profit of £20.00+ up for grabs on this BoyleSports offer!

If eligible, free bets will be credited within 1 hour of the race ending and will be valid for 7 days.

If you’re unsure how to convert your £20.00 free bets into £16.00 cash (80%), please see my free bets guide for a walkthrough of how it should be done.

I’ll update the following table at the end of each day…

RaceSelectionBack OddsLay OddsProfit/Loss
13:55 TuesdayAllmankind6.507.20£2.26 loss
15:40 TuesdayRoksana4.004.30£1.69 loss
16:50 TuesdayGalvin4.504.80£1.55 loss
13:20 WednesdayGaillard Du Mesnil3.003.15£14.78 profit
13:55 ThursdayChampagne Platinum9.009.40£1.20 loss
15:05 ThursdayFury Road5.505.70£1.02 loss
15:40 ThursdayFarclas6.006.40£14.43 profit
13:20 FridayTritonic5.005.30£1.44 loss
16:15 FridayColreevy4.004.20£1.24 loss

Don’t miss out on one of the most profitable weeks of the matched betting calendar! For a comprehensive list of available bookmaker offers, please see my Cheltenham Festival 2021 Offers page.

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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.