Cheltenham November Meeting 2018 Offer – William Hill

It’s Day 2 of the Cheltenham November Meeting 2018 Saturday and you don’t want to miss this ‘Bet £10, Get £5’ offer from William Hill! Simply bet £10.00 on any Saturday Cheltenham race and William Hill will give us a £5.00 free bet to use on horse racing. Translated into matched betting terms, this gives us a guaranteed profit of £3.18 and here’s how…

Key Terms:

  • We must click ‘Claim here‘ on the promotion page to receive our free bet.
  • Qualifying bets must be placed between 18:00 on Friday 16th November 2018 and 16:00 (last race) on Saturday 17th November 2018.
  • We must stake £10.00 at odds of 1.20 (1/5) or greater.

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 for the 12:40 at Cheltenham, we could place our qualifying bet on Cracker Factory.

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…

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 £9.68…

William Hill logo

Place £10.00 on Cracker Factory @ 7.50 = Potential profit of £65.00

Betfair logo

Lay £9.68 on Cracker Factory @ 7.80 = Potential liability of £65.82

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

Cracker Factory wins + £65.00 – £65.82 = £0.82 loss
Cracker Factory doesn’t win – £10.00 + £9.19 (£9.68 minus 5% commission) = £0.81 loss

So, regardless of the outcome, we’ll lose a maximum of £0.82 in qualifying for our £5.00 free bet.

Free Bet:

Our £5.00 free bet will be credited immediately and will be valid on horse racing for 4 days. Free bet stakes will not be included in any returns.

By using straightforward matched betting, we should be able to extract 80% cash from our £5.00 free bet, so £4.00. If we take into account our maximum qualifying loss of £0.82, this gives us a guaranteed profit of £3.18 on this William Hill offer!

* Cracker Factory didn’t win the race, resulting in a profit of £3.19 on this William Hill 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.