There’s a big day of racing at Cheltenham on Friday and you don’t want to miss this Paddy Power free bet offer! They’re giving all customers a £5.00 free bet to use on the 13:50 at Cheltenham! Translated into matched betting terms, this gives us a guaranteed profit of £4.06 and here’s how…
Key Terms:
- This offer is available to new and existing Paddy Power customers.
- We must opt in via the promo banner on the Paddy Power homepage to claim the free bet.
- Offer applies from 15:00 on Wednesday 11th November 2020.
- Free bet will be available to use on the 13:50 at Cheltenham on Friday 13th November 2020.
Free Bet:
Using straightforward matched betting, we can convert our £5.00 free bet into around 80% cash, so £4.00. If you’re unsure how to do this, please see my Free Bets Guide for a walkthrough of how it should be done.
It’s entirely up to you which horse you place your free bet on.
Having looked at the odds available, Eamon An Cnoic is available at back odds of 9.00 (8/1) and lay odds of 9.60.
We can calculate our lay stakes using my Matched Betting Calculator.
Aim to convert free bet into around £4.00 cash
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Profit/Loss |
|---|---|---|---|
| Eamon An Cnoic wins | + £40.00 | – £35.94 | £4.06 profit |
| Eamon An Cnoic doesn’t win | – Free bet | + £4.09 | £4.09 profit |
So, no matter who wins the race, we’ll make a guaranteed profit of £4.06 on this Paddy Power offer!
* Eamon An Cnoic failed to win the race, resulting in a profit of £4.09 on this Paddy Power 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.