Cheltenham Festival 2021 Offer – Unibet

Cheltenham Festival 2021 is here and you don’t want to miss this Unibet ’15 to Go’ offer! Simply bet on any Cheltenham Festival 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 a potential profit of £50.00+ and here’s how…

Key terms

  • Minimum stake of £5.00.
  • Applies to bets placed on all Cheltenham Festival races in the 15 minutes before the scheduled start time.
  • Minimum odds of 2.00 (evens).
  • To be eligible, we must click the ’15 to Go’ button that appears on our betslip after entering our stake.
  • If our selected horse wins, Unibet will match our stake as a free bet, up to £20.00.

Qualifying bets

This offer is available on all 28 races at Cheltenham Festival 2021.

I’ll take you through a worked example below anyway, but for more information about ‘Back a Winner’ type offers and a walkthrough of how they should be done, please see my Bet365 4/1 Offer guide.

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

It’s entirely up to you which horses you place your qualifying bets on, though we won’t know what odds are available until 15 minutes before the off.

Appreciate It is favourite to win the 13:20 on Tuesday at back odds of 2.00 (evens). I’ll use lay odds of 2.16 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.

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

Option 1:

We know that if our horse wins, we’ll be able to convert our £20.00 free bet into 80% cash. We can therefore add 0.80 to the back odds to get our effective odds…

2.00 + 0.80 = 2.80

Using my Matched Betting Calculator, we simply enter 2.80 as our back odds instead of 2.00 and lay the amount shown. Overlaying like this is fine, but the guaranteed profits are likely to be small.

Option 2:

Our second option is to lay our bets as normal and hope some of our horses win for bigger profits.

We can calculate our lay stakes 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 £18.69…

Unibet logo

Place £20.00 on Appreciate It @ 2.00 = Potential profit of £20.00

Betfair logo

Lay £18.69 on Appreciate It @ 2.16 = Potential liability of £21.68


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

OutcomeUnibetBetfairFree BetProfit/Loss
Appreciate It wins+ £20.00– £21.68+ £16.00£14.32 profit
Appreciate It loses– £20.00+ £18.31£1.69 loss

So, we’ll make a nice profit of £14.32 if Appreciate It wins, otherwise we’ll lose £1.69. Risking £1.69 to make a potential profit of £14.32 gives us effective odds of 9.47. So, given that Appreciate It is odds of just 2.00 (evens) to win the race, this is 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. It’s best to be selective, but with 28 races to go at, there’s an overall potential profit of £50.00+ up for grabs on this Unibet offer!

If eligible, free bets will be credited within 2 hours of the weigh-in and will be valid on horse racing for 7 days. Free bet stakes are not included in any returns.

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 with some actual selections at the end of each day…

RaceSelectionBack OddsLay OddsProfit/Loss
15:05 TuesdayHoneysuckle2.102.22£14.72 profit
16:50 TuesdayNext Destination3.503.60£0.85 loss
13:20 WednesdayBob Olinger2.8753.05£14.60 profit
15:40 WednesdayEasysland2.002.08£0.97 loss
16:50 WednesdayKilcruit2.002.26£2.50 loss
13:55 ThursdayThe Bosses Oscar5.005.30£1.44 loss
14:30 ThursdayAllaho5.005.40£14.21 profit
15:05 ThursdayPaisley Park3.253.50£1.70 loss
15:40 ThursdayThe Shunter3.503.70£14.65 profit
13:20 FridayZanahiyr2.3752.52£1.38 loss
15:05 FridayAl Boum Photo3.503.75£1.61 loss
15:40 FridayBillaway2.8753.10£1.71 loss
16:15 FridayElimay2.202.40£1.88 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 £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.