It’s Day 2 of the Cheltenham Festival 2023 on Wednesday, and you don’t want to miss this Fitzdares money back offer! Place a bet on the 14:50 Cheltenham, and if your horse finishes 2nd, 3rd or 4th, Fitzdares will refund your stake as a free bet up to £10.00. Translated into matched betting terms, this gives you a potential profit of £6.18 and here’s how…
Key terms
- Applies to bets placed on the 14:50 Cheltenham (Wednesday 15th March 2023).
- Applies to your first bet on the race only.
- Only bets placed on Tuesday 14th March 2023, or Wednesday 15th March 2023 will qualify.
- Applies to pre-race win singles and the win part of each way singles only.
- If your horse finishes 2nd, 3rd or 4th, your stake will be refunded as a free bet upon settlement.
- The maximum free bet refund is £10.00.
- If eligible, your free bet will be credited by 16:50 on Wednesday 15th March 2023.
- The free bet will be valid until 17:30 on Friday 17th March 2023.
- The free bet stake will not be returned with any winnings.
Qualifying bet
Please see my ‘Qualifying Bets Guide‘ if you’d like more information about them and how they work.
It’s entirely up to you which horse you go for, but selecting a horse with relatively short odds makes sense in the hope of a 2nd, 3rd, or 4th place finish.
At the time of writing, ‘Run For Oscar‘ is available at back odds of 9.00 (8/1) and lay odds of 11.00.
Either exchange works for this offer
Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.
- Money back as cash up to £20
- 0% commission for 60 days
You can calculate your lay stake using my Matched Betting Calculator.
As you can see, the calculator tells you that your lay stake should be £8.18.
Place £10.00 on ‘Run For Oscar’ @ 9.00 = Potential profit of £80.00
Lay £8.18 on ‘Run For Oscar’ @ 11.00 = Potential liability of £81.80
Outcomes
Let’s look at your profit/loss for the possible outcomes.
| Outcome | Fitzdares | Smarkets | Free Bet | Profit/Loss |
|---|---|---|---|---|
| Run For Oscar wins | + £80.00 | – £81.80 | £1.80 loss | |
| Run For Oscar finishes 2nd, 3rd or 4th | – £10.00 | + £8.18 | + £8.00 | £6.18 profit |
| Any other outcome | – £10.00 | + £8.18 | £1.82 loss |
So, you’ll make a nice profit of £6.18 if Run For Oscar finishes 2nd, 3rd or 4th, or you’ll lose a maximum of £1.82 on any other outcome. Risking £1.82 to make a potential profit of £6.18 gives you effective odds of 4.40, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If eligible, your free bet will be credited by 16:50 on Wednesday 15th March 2023, and valid until 17:30 on Friday 17th March 2023. The free bet stake will not be returned with any winnings.
If you’re unsure how to convert a free bet into 80% cash, please see my ‘Free Bets Guide‘ for a walkthrough.
Don’t miss out on one of the most profitable weeks of the matched betting calendar! Please see my ‘Cheltenham Festival 2023 Offers‘ page for a comprehensive list of available bookmaker offers.
* Run For Oscar finished 11th, resulting in a £1.82 loss on this Fitzdares offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.