£13.24
Guaranteed Profit
£13.38
Actual Profit

Goodwood Festival 2020 Offer (Day 1) – Betfair Exchange


Posted by Matt (administrator) Matt
Start Time: 28/07/2020 13:45

Goodwood Festival 2020 gets underway on Tuesday and you don’t want to miss this Betfair ‘Bet & Get’ offer! Simply place a £20.00+ Exchange back bet on the 13:45 at Goodwood and Betfair will give us a £20.00 free bet to start a free bet streak. Translated into matched betting terms, this gives us a guaranteed profit of £13.24 and here’s how…

Banner showing the Betfair Exchange 'Bet & Get' offer on Day 1 of the Goodwood Festival 2020
Banner showing the Betfair Exchange 'Bet & Get' offer on Day 1 of the Goodwood Festival 2020

Key Terms:

  • The minimum stake to qualify is £20.00.
  • We must place an Exchange back bet on the 13:45 at Goodwood on Tuesday 28th July 2020.
  • Lay bets placed against our qualifying bets will void this offer. 
  • £20.00 free bet will be valid on the Betfair Exchange for 48 hours.
  • Every time we place a winning bet with our free bet, we’ll receive another free bet matching the winning stake.

Qualifying Bet:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.

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

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

It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Derevo (6.20).

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 £18.62.

Betfair logo

Aim to lose no more than £1.75 on our qualifying bet

Outcomes:

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

OutcomeBetfairOther ExchangeProfit/Loss
Derevo wins+£98.80-£100.54£1.74 loss
Derevo doesn't win-£20.00+£18.24£1.76 loss

So, regardless of the outcome, we’ll lose a maximum of £1.76 in qualifying for our £20.00 free bet.

Free Bet(s):

We’ll receive our £20.00 free bet upon settlement of our qualifying bet. The free bet will be valid on the Betfair Exchange for 48 hours, excluding SP bets and the following markets: Asian Handicap, Asian Total Goals, Spreads and Totals, Line Markets & Each Way.

Every time we place a winning bet with our free bet, we’ll receive another free bet matching the winning stake. The size of the free bet re-credited will be the stake in the case of back bets, or our liability in the case of lay bets (£20 max).

I think it’s best to just place and lay the free bet as normal and if it wins, the extra free bet will be a nice little bonus. You could always place your free bet at lower odds than normal if you wanted to maximise your chances of hitting a winner.

By using straightforward matched betting, we should be able to extract 75% cash from our initial £20.00 free bet, so £15.00. If we take into account our maximum qualifying loss of £1.76, this gives us a guaranteed profit of £13.24 on this Betfair Exchange offer!

* Derevo failed to win the 13:45 at Goodwood. We could have placed our £20.00 free bet on Devious Company in the 14:15 at Goodwood at back odds of 5.70 and lay odds of 5.80. Devious Company failed to win the race, resulting in a profit of £13.38 on this Betfair Exchange offer. *

Comments


  1. Walter

    Guest user

    If you cash out before the race and then decide to put your 20 back on will you still be eligible for the offer or is the offer voided if you cash out before the race? thanks

    +0
    Reply
    1. Matt

      305

      What would be the reason for cashing out Walter.

      You may be okay looking at the terms, but I really wouldn’t like to say 100% either way.

      +0
      Reply
  2. Gary

    Guest user

    This mentions back bets only? I placed a lay bet on betfair on this race to cover another similar bookie offer and it says I have qualified still? Happy days if so!

    +0
    Reply
    1. Matt

      305

      Yes the terms say ‘back’ bets only Gary, though I think for some of these offers recently they’ve allowed lay bets, provided your liability is £20.00+.

      Like you say though, if they’re saying you’ve qualified then happy days!

      +0
      Reply
      1. Gary

        Guest user

        It looks that way! Thats great as I used BF to cover the Sky place bets tip that you posted so a double whammy hopefully. From what I can see in the terms the £20 free bet after is open to all markets as well so not limited to horse racing which is also great news!

        +0
        Reply
        1. Matt

          305

          Yes that’s correct mate. Good luck!

          +1
  3. Steve55

    Guest user

    Hi all… Firstly does this free bet streak just carry on till you lose or does the free bet you get from the free bet winner only apply once? The reason I ask is I used my free bet on Stradivarius and overlaid enough to cover my loss on my qualifying bet on the 1345 if Stradivarius won… which happened. I would have made £15+ if Stradivarius had lost. I now have another £20 free bet tomorrow…so I am totally in profit with this… if that wins do I get another?

    +0
    Reply
    1. Matt

      305

      It’s a free bet streak offer Steve so you keep getting them for as you keep picking winners. Good luck!

      ‘Every time you place a winning bet with your free bet, you’ll get another free bet matching that stake.’

      +0
      Reply

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