Cheltenham Gold Cup 2020 Offer – Genting Bet

It’s Day 4 of the Cheltenham Festival on Friday and you don’t want to miss this Genting Bet offer! Simply place a single bet of £10.00+ on the Cheltenham Gold Cup and get a £10.00 free bet if our selection loses and Santini wins the race. Translated into matched betting terms, this gives us a potential profit of £7.31 and here’s how…

Key Terms:

  • We must place a single bet of £10.00+ or £10.00 each way on the Cheltenham Gold Cup.
  • Our bet must be placed before 15:30 (race-off) on Friday 13th March 2020.
  • If our first bet loses and Santini wins, we’ll get a £10.00 free bet.

Qualifying Bet:

If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how they should be done.

For our qualifying bet, we need to back and lay any horse other than Santini.

At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional lay odds for Al Boum Photo in the following example and I’ll update the bottom of the post with an actual selection after the 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 calculate our lay stake using my matched betting calculator…

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 £9.51…

Genting Bet logo

Place £10.00 on Al Boum Photo @ 4.50 = Potential profit of £35.00

Betfair logo

Lay £9.51 on Al Boum Photo @ 4.75 = Potential liability of £35.66

Outcomes:

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

Outcome Bookie Exchange Extracted Profit/Loss
Al Boum Photo wins +£35.00 -£35.66 £0.66 loss
Santini wins -£10.00 +£9.31 +£8.00 £7.31 profit
Another horse wins -£10.00 +£9.31 £0.69 loss

So, if Santini wins, we’ll make a nice profit of £7.31! Any other outcome and we’ll lose a maximum of £0.69. Risking £0.69 to make a profit of £7.31, gives us effective odds of 11.59. So, given that Santini is odds of just 5.00 (4/1) to win the race, this is a profitable offer in the long run.

If eligible, free bets will be credited within 2 hours of the race settling and will be valid for 3 days. Free bet stakes are not returned with any winnings.

If you’re unsure how to extract 80% cash from a £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

* Al Boum Photo was available at back odds of 4.333 and lay odds of 4.50. Al Boum Photo won the race, resulting in a loss of £0.53 on this Genting Bet offer. *

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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.