ITV Racing 15 to Go Offer – Unibet

There’s a big day of ITV Racing on Saturday and you don’t want to miss this Unibet free bet offer! Simply bet on any ITV race in the 15 minutes before the scheduled start time and if we back the winner, Unibet will match our stake with a free bet, up to £20.00. Translated into matched betting terms, this gives us a potential profit of £24.00+ and here’s how…

Key Terms:

  • Minimum stake of £5.00.
  • Qualifying bets must be placed on the selected ITV races in the 15 minutes before the scheduled start time.
  • Qualifying bets must be placed at odds of 2.00 (evens) or greater.
  • If our selected horse wins, Unibet will match our stake as a free bet, up to £20.00.

Qualifying Bets:

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.

This offer is available on the following ITV races on Saturday 7th March 2020…

Race Time Meeting
13:35 Wolverhampton
13:55 Ayr
14:10 Wolverhampton
14:30 Ayr
14:45 Wolverhampton
15:05 Ayr

It’s entirely up to you which horses you place your qualifying bets on. We won’t know what odds are available until 15 minutes before the off, so I’ll use fictional odds for Fox Power (13/8) in the 13:35 at Wolverhampton and I’ll update the bottom of the post with some actual selections after the races.

We know that if our horse wins, we’ll be able to extract 80% cash from the £20.00 free bet we’ll receive. We can therefore add 0.80 to the back odds to get our effective odds…

2.625 + 0.80 = 3.425

At the time of writing, laying our bets at Betfair is likely to give us the smallest qualifying losses.

Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.

Banner showing the zero commission sign up offer from Betfair

Banner showing the zero commission sign up offer from Betfair

If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.

For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.

We can calculate our lay stakes 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 £24.64…

Unibet logo

Place £20.00 on Fox Power @ 2.625 = Potential profit of £32.50

Betfair logo

Lay £24.64 on Fox Power @ 2.80 = Potential liability of £44.35

Outcomes:

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

Outcome Bookie Exchange Extracted Profit/Loss
Fox Power wins +£32.50 -£44.35 +£16.00 £4.15 profit
Fox Power doesn’t win -£20.00 +£24.14 £4.14 profit

So, regardless of the outcome, we would make a guaranteed profit of £4.14.

This offer is available on all six ITV races on Saturday, so depending on the odds that are available, we could make an overall potential profit of £24.00+!

I’ll update the following table with some actual selections after the races…

Race Selection Back Odds Lay Odds Profit
13:35 Wolverhampton Fox Power 2.875 2.96 £4.50
13:55 Ayr
14:10 Wolverhampton Desert Doctor 5.00 5.20 £1.94
14:30 Ayr
14:45 Wolverhampton Urban Icon 3.50 3.70 £2.91
15:05 Ayr Whoshotthesheriff 2.50 2.70 £4.13

If eligible, free bets will be credited within 2 hours of the weigh-in and will be valid on horse racing for 7 days. Free bet stakes are not included in any returns.

If you’re unsure how to extract £16.00 cash (80%) from the £20.00 free bets, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

Got a question?
Leave me a comment below…

I usually respond within 24 hours.

Matt Kirman - Matched Betting Blogger

Matt KirmanMatched 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.