The Epsom Derby Festival 2018 gets underway on Friday and you don’t want to miss this Betway offer! Simply place a bet on the Epsom Oaks or Epsom Derby and if our selection 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 an overall guaranteed profit of £10.00+ and here’s how…
The Offer:
This offer is available on the following races at Epsom…
| Race | Time | Date |
|---|---|---|
| Epsom Oaks | 16:30 | Friday 1st June 2018 |
| Epsom Derby | 16:30 | Saturday 2nd June 2018 |
Losing stakes are refunded as a free bet, so this is effectively a risk-free offer. We’ll need to select horses with long odds in order to maximise our profits. The back and lay odds should tighten up on the day of each race.
Qualifying Bets:
At the time of writing, the lay odds for the Epsom Oaks are not yet available, so I’ll use fictional odds for Sea Of Class and I’ll update the table at the bottom of the post with some actual selections during the festival.
I like to place my exchange lay bets with Betfair as they have great liquidity in the run up to races and the site is really easy to use.
We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £7.50 as our ‘Cashback’ figure as this is the amount we can expect to extract (75%) 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 £8.28…
Place £10.00 on Sea Of Class @ 7.00 = Potential profit of £60.00
Lay £8.28 on Sea Of Class @ 7.60 = Potential liability of £54.64
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Sea Of Class wins | + £60.00 – £54.64 = £5.36 profit |
| Sea Of Class doesn’t win | – £10.00 + £7.86 + £7.50 (extract 75% from our £10.00 free bet) = £5.36 profit |
So, regardless of the outcome and with some good odds, we should make a guaranteed profit of £5.00+ on both races, giving us an overall guaranteed profit of £10.00+ on this Betway offer!
If eligible, free bets will be credited within 24 hours of our qualifying bets being settled and will be valid for 24 hours. Free bet stakes are not included in any returns.
I’ll update the following table during the festival with suggested bets for both races…
| Race | Selection | Back Odds | Lay Odds | Profit |
|---|---|---|---|---|
| Epsom Oaks | Forever Together | 7.50 | 7.80 | £5.77 |
| Epsom Derby | Roaring Lion | 9.00 | 10.50 | £4.99 |
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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.