It’s the Cheltenham Gold Cup 2019 on Friday and you don’t want to miss this SportPesa offer! Place an ante-post bet on the Gold Cup and SportPesa will give us a bonus equal to our stake, up to £25.00, to use on the Grand National 2019. Translated into matched betting terms, this gives us a guaranteed profit of £14.60 and here’s how…
Key Terms:
- Bonus will be equivalent to our qualifying stake, up to a maximum of £25.00.
- Applies to single bets and the win part of each way bets.
- Minimum stake of £10.00 at odds of 2.00 (evens) or greater.
- Applies to Gold Cup NRNB market only.
- Our qualifying bet must be placed between 10:00 on Friday 8th March 2019 and 17:30 on Wednesday 13th March 2019.
Qualifying Bet:
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.
Having looked at the odds available, we could place our qualifying bet on Bellshill.
At the time of writing, laying our bet at Betfair gives us the smallest qualifying loss.
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £20.64…
Place £25.00 on Bellshill @ 4.50 = Potential profit of £87.50
Lay £20.64 on Bellshill @ 5.50 = Potential liability of £92.88
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Profit/Loss |
|---|---|---|---|
| Bellshill wins | +£87.50 | -£92.88 | £5.38 loss |
| Bellshill doesn’t win | -£25.00 | +£19.60 | £5.40 loss |
So, regardless of the outcome, we’ll lose a maximum of £5.40 in qualifying for our £25.00 bonus.
Bonus:
Our £25.00 bonus will be credited on Friday 5th April 2019 and will be valid for 5 days. Bonus stakes are not included in any returns, so we can treat it exactly the same as a stake not returned free bet.
By using straightforward matched betting, we should be able to extract 80% cash from our £25.00 bonus, so £20.00. If we take into account our maximum qualifying loss of £5.40, this gives us a guaranteed profit of £14.60 on this SportPesa offer!
* Bellshill failed to win the race, resulting in a profit of £14.60 on this SportPesa offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.