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Fighting Fifth Hurdle Offer – Betfair Exchange

It’s the Fighting Fifth Hurdle at Newcastle on Saturday and you don’t want to miss this Betfair Exchange free bet offer! They’re giving all customers a £5.00 free bet to use on the 14:05 at Newcastle! Translated into matched betting terms, this gives us a guaranteed profit of £3.75 and here’s how…

Key Terms:

  • This offer is available to new and existing Betfair customers.
  • The £5.00 free bet is available to claim on the promotion page.
  • The free bet can be used on the 14:05 at Newcastle on Saturday 28th November 2020.
  • The free bet is valid on the ‘win’ market only.
  • To be eligible, customers must have previously deposited with a Debit Card, Credit Card or Apple Pay.

Free Bet:

Using straightforward matched betting, we can convert our £5.00 free bet into around 75% cash, so £3.75. If you’re unsure how to do this, please see my free bets guide for a walkthrough of how it should be done.

If you’re paying 2% commission with Betfair’s Basic package, you won’t be eligible for this Exchange offer.

We’ll need to lay our bet at another exchange.

At the time of writing, the lay odds aren’t yet available. I’ll use back odds of 7.40 and lay odds of 7.60 for Silver Streak in the following example to illustrate how this offer should be done.

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 £4.01.

Betfair logo

Aim to convert our free bet into around £3.75 cash

Outcomes:

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

OutcomeBetfairOther ExchangeProfit/Loss
Silver Streak wins+ £30.40– £26.46£3.94 profit
Silver Streak loses– Free Bet+ £3.92£3.92 profit

So, no matter the outcome, we’d make a guaranteed profit of £3.92 on this Betfair Exchange offer!

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.