Bet365 have done it again, they’ve blown their competitors out of the water with another massive offer for a massive sporting occasion. Simply place your bets on the Grand National between Thursday 3rd April and midday on Saturday 5th April and Bet365 will give us half our stake back for every each-way bet that we place, up to a maximum total refund of £125.00. Translated into matched betting terms, this gives us a minimum guaranteed profit of £72.07 and here’s how…
To qualify for these Grand National offers, you must be an existing bet365 account holder and have opened your account before 23:59 on Wednesday 2nd April 2014. If you don’t already have an account, make sure you sign up today to make sure you don’t miss out on any big offers in the future. Bet365 have the best welcome offer around. They’ll match your first deposit up to £200.00!!!
To add to the unbeatable value, Bet365 are also Non-Runner No Bet and paying 1/4 odds for the first FIVE places on the Grand National!
Step 1:
First we need to place our qualifying bet at Bet365…
Place £125.00 EACH WAY on Teaforthree = Total stake of £250.00
Each way means £125.00 on Teaforthree to win @ 10.00…
…and £125.00 on Teaforthree to place in top 5 horses @ 3.25
Step 2:
If we break our Bet365 bet into two halves, we can now lay them at Betfair…
Firstly, we can lay the win part of our each way bet…
We backed Teaforthree (£125.00) @ 10.00 = Potential profit of £1,125.00
Lay £104.60 on Teaforthree (to win) @ 12.00 = Potential liability of £1,150.60
Secondly, we can lay the ‘to place’ part of our each way bet…
We backed Teaforthree (£125.00) @ 3.25 = Potential profit of £281.25
Lay £102.85 on Teaforthree (to place) @ 4.00 = Potential liability of £308.55
Let’s now have a look at our overall profit/loss for the three potential outcomes…
|
Teaforthree wins |
+£1125.00 – £1150.60 + £281.25 – £308.55 + £125.00 refund = £72.10 profit. |
|
Teaforthree finishes 2nd 3rd or 4th |
-£125.00 + £99.37 + £281.25 – £308.55 + £125.00 refund = £72.07 profit. |
|
Teaforthree finishes 5th |
-£125.00 + £99.37 + £281.25 + £97.71 + £125.00 refund = £478.33 profit. |
|
Teaforthree doesn’t place |
-£125.00 + £99.37 – £125.00 + £97.71 + £125.00 refund = £72.08 profit. |
So as you can see, no matter what the result of the race, we stand to make a minimum guaranteed profit of £72.07! Due to Bet365 paying 1/4 odds for the 5 places and our lay bet being for the first 4 places, If Teaforthree finishes 5th, we’ll receive a massive payout of £478.33 as both of our place bets will have won!
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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.