There’s a big day of horse racing action to look forward to on Saturday and you don’t want to miss this Novibet free bet offer! Simply place 4 or more single bets of £5.00+ on any horse racing events and Novibet will give us a £5.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £2.40 and here’s how…
Key terms
- We must place 4 or more single bets on any horse racing markets on Saturday 9th January 2021.
- Minimum stake of £5.00 per bet.
- Minimum odds of 1.70 (7/10).
Qualifying bets
If you’d like more information about qualifying bets and how they work, please see my qualifying bets guide.
Either exchange works for this offer
Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.
- Money back as cash up to £20
- 0% commission for 60 days
We can calculate our lay stakes using my Matched Betting Calculator.
Aim to lose no more than £0.40 on each of our 4 qualifying bets
So, we’ll lose a total of around £1.60 in qualifying for our £5.00 free bet.
Free bet
Our £5.00 free bet will be credited within 24 hours of our qualifying bets being settled and will be valid for 7 days. Free bet stakes are not included in any returns.
Using straightforward matched betting, we should be able to convert our free bet into 80% cash, so £4.00. If we take into account our total expected qualifying loss of £1.60, this gives us a guaranteed profit of £2.40 on this Novibet offer!
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Kevin M
3I do not see this offer on the site. do I need to opt in somewhere?
Matt
1537You should see it amongst the rotating banners at the top of their homepage Kevin.
Jules
Guest userAbsolutely no value in this at all Matt… Novibet back odds for horses are so much greater than the lay odds at any exchange. Try to find 4 at £5 per back with less than £1 loss and… not a chance. The effort is best spent elsewhere.
Matt
1537You need to look for races with a clear favourite Jules. The odds should be somewhere between 1.70 and 3.50ish. Just had a quick look and a £0.40 qualifying loss on each bet is very achievable.
Kevin M
3Ah, yes I see it now in the second panel. Doesn’t seem to rotate much but if you manually scroll through you get there in the end.
@jules – I use Odds Monkey and it’s returning plenty of qualifying bets. A few minutes ago the top 4 (excluding arbs) returned a QL of 60p for a £5 stake. But even a loss of £1.60 as suggested by Matt would give an overall profit of £2.40. Not too shabby for a few minutes work.
Kevin M
3Just as a footnote in the end I laid my 4 bets for an loss of £1.20 so given I can get £4.00 on my free bet (and that’s not always guaranteed) I will make £2.80 on the bet.
Matt
1537Thanks for sharing Kevin.