It’s the Doncaster St Leger 2019 on Saturday and you don’t want to miss this Betway Money Back Special! Simply place a bet on the 15:35 at Doncaster and if it loses, Betway will refund our stake as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a guaranteed profit of £6.00 and here’s how…
Key Terms:
- Minimum stake of £2.00.
- Qualifying bets must be placed on the 15:35 at Doncaster on Saturday 14th September 2019.
- If our bet loses, Betway will refund our stake as a free bet, up to a maximum of £10.00.
Qualifying Bet:
Losing stakes are refunded as a free bet, so this is effectively a risk-free bet offer.
We’ll need to select a horse with long odds in order to maximise our profit.
At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional lay odds for Il Paradiso 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 with Smarkets is likely to give us the biggest guaranteed profit.
We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £8.00 as our ‘Cashback’ figure as this is the amount we can expect to extract (80%) from our £10.00 free bet refund, should our horse lose…
As you can see, the calculator tells us that our lay stake should be £8.20…
Place £10.00 on Il Paradiso @ 8.00 = Potential profit of £70.00
Lay £8.20 on Il Paradiso @ 8.80 = Potential liability of £63.96
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Extracted | Profit/Loss |
|---|---|---|---|---|
| Il Paradiso wins | +£70.00 | -£63.96 | £6.04 profit | |
| Il Paradiso doesn’t win | -£10.00 | +£8.03 | +£8.00 | £6.03 profit |
So, regardless of the outcome and with some good odds, we should make a guaranteed profit of £6.00+ on this Betway offer!
If eligible, our free bet will be credited within 24 hours of our qualifying bet being settled and will be valid for 24 hours. Free bet stakes are not included in any returns.
If you’re unsure how to extract £8.00 cash (80%) from a £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
* Il Paradiso was available at back odds of 11.00 and lay odds of 13.50. Il Paradiso failed to win the race, resulting in a profit of £5.41 on this Betway offer. *
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Matt Kirman – Matched 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.