Cheltenham Festival 2017 gets underway on Tuesday and you don’t want to miss this Grosvenor offer! Simply place a bet on the first race each day and Grosvenor will double the odds in cash! Translated into matched betting terms, this gives us a guaranteed profit of £30.00+ and here’s how…
Qualifying Bets:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
This offer is available on the first race each day as follows…
| Race | Time | Date |
|---|---|---|
| Supreme Novices’ Hurdle | 13:30 | Tuesday 14th March 2017 |
| Neptune Novices’ Hurdle | 13:30 | Wednesday 15th March 2017 |
| JLT Novices’ Chase | 13:30 | Thursday 16th March 2017 |
| Triumph Hurdle | 13:30 | Friday 17th March 2017 |
The maximum stake for this offer is £10.00.
Each double odds boost token will be available from 18:00 the previous day.
Once we have added a selection to the betslip, we just need to click on ‘100% Odds Boost’. We will see the odds doubled on our betslip.
Only the fractional odds are doubled, so say we back a selection at 5/1 (6.00), our double odds would be 10/1 (11.00).
The back and lay odds will tighten as we get closer to each race starting. Having looked at the odds available for the Supreme Novices’ Hurdle, I’ve opted to place my qualifying bet on Bunk Off Early at odds of 13/2 (7.50).
I like to place my exchange lay bets with Smarkets as they have great liquidity and the site is really easy to use. They are also charging 0% commission on the first race every day at Cheltenham!
We can calculate our lay stake by entering our double odds into the matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £17.50…
Place £10.00 on Bunk Off Early @ 14.00 = Potential profit of £130.00
Lay £17.50 on Bunk Off Early @ 8.00 = Potential liability of £122.50
Let’s have a look at our potential profit/loss for the possible outcomes…
| Bunk Off Early wins | + £130.00 – £122.50 = £7.50 profit |
| Bunk Off Early doesn’t win | – £10.00 + £17.50 (£17.50 minus 0% commission) = £7.50 profit |
So, regardless of the outcome, we’ll make a guaranteed profit of £7.50.
With four eligible races to look forward to, this gives us an overall guaranteed profit of £30.00+ on this Grosvenor Cheltenham 2017 offer!
I’ll update the following table with my actual selections at the end of each day…
| Race | Selection | Back Odds | Lay Odds | Profit |
|---|---|---|---|---|
| Supreme Novices’ Hurdle | Bunk Off Early | 14.00 | 8.00 | £7.50 |
| Neptune Novices’ Hurdle | Consul De Thaix | 21.00 | 22.00 | £8.64 |
| JLT Novices’ Chase | Disko | 6.00 | 6.60 | £6.67 |
| Triumph Hurdle | Master Blueyes | 8.50 | 9.40 | £7.02 |
* As you can see, I made an overall profit of £29.83 on this Grosvenor Cheltenham 2017 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.