It’s Day 1 of the Goodwood Festival 2018 on Tuesday and you don’t want to miss this Betway offer! Simply place a bet on the first race at Glorious Goodwood each day 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 a guaranteed overall profit of £30.00+ and here’s how…
The Offer:
This offer is available on the first race at the Goodwood Festival 2018 each day as follows…
| Time | Date |
|---|---|
| 13:50 | Tuesday 31st July 2018 |
| 13:50 | Wednesday 1st August 2018 |
| 13:50 | Thursday 2nd August 2018 |
| 13:50 | Friday 3rd August 2018 |
| 13:50 | Saturday 4th August 2018 |
Losing stakes are refunded as a free bet, so this is effectively a risk-free bet 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:
Having looked at the odds available for the 13:50 on Tuesday, we could place our qualifying bet on Silver Line.
At the time of writing, laying our bet at Smarkets gives 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 £8.22…
Place £10.00 on Silver Line @ 9.00 = Potential profit of £80.00
Lay £8.22 on Silver Line @ 10.00 = Potential liability of £73.98
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Silver Line wins | + £80.00 – £73.98 = £6.02 profit |
| Silver Line doesn’t win | – £10.00 + £8.05 + £8.00 (extract 80% from our £10.00 free bet) = £6.05 profit |
So, regardless of the outcome and with some good odds, we should make a guaranteed profit of around £6.00 on each race. With five eligible races to look forward to, this gives us a guaranteed overall profit of £30.00+ 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 with some suggested bets throughout the week…
| Race | Selection | Back Odds | Lay Odds | Profit |
|---|---|---|---|---|
| 13:50 Tuesday | Silver Line | 9.00 | 10.00 | £6.05 |
| 13:50 Wednesday | Piedita | 8.50 | 9.40 | £6.04 |
| 13:50 Thursday | Bathsheba Bay | 9.00 | 10.00 | £6.05 |
| 13:50 Friday | Red Verdon | 6.00 | 6.60 | £5.74 |
| 13:50 Saturday | Golden Steps | 9.00 | 9.60 | £6.38 |
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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.