It’s the Lincoln Trial Handicap at Wolverhampton on Saturday and you don’t want to miss this Virgin Bet Money Back Special! Simply place a bet on the 13:35 at Wolverhampton and if it loses, Virgin Bet will refund our stake as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a guaranteed profit of £6.00 and here’s how…
Key Terms:
- Qualifying bets must be placed on the Lincoln Trial Handicap.
- Qualifying bets must be placed before 13:35 (race-off) on Saturday 7th March 2020.
- If our bet loses, Virgin Bet will refund our stake as a free bet, up to a maximum of £10.00.
Qualifying Bet:
Losing stakes are refunded as a free bet, so this is effectively a risk-free bet offer.
We’ll need to select a horse with long odds in order to maximise our profit.
At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional lay odds for Red Bond in the following example and I’ll update the bottom of the post with an actual selection after the race.
At the time of writing, laying our bet with Betfair is likely to give us the largest guaranteed profit.
Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.
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 work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £8.00 as our ‘Cashback’ figure as this is the amount we can expect to extract (80%) from our £10.00 free bet refund, should our horse lose…
As you can see, the calculator tells us that our lay stake should be £8.15…
Place £10.00 on Red Bond @ 6.00 = Potential profit of £50.00
Lay £8.15 on Red Bond @ 6.40 = Potential liability of £44.01
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Extracted | Profit/Loss |
|---|---|---|---|---|
| Red Bond wins | +£50.00 | -£44.01 | £5.99 profit | |
| Red Bond doesn’t win | -£10.00 | +£7.98 | +£8.00 | £5.98 profit |
So, regardless of the outcome, we’ll make a guaranteed profit of around £6.00 on this Virgin Bet offer!
If eligible, our free bet will be credited within 3 hours of our qualifying bet being settled and will be valid for 7 days. Free bet stakes are not included in any returns.
If you’re unsure how to extract £8.00 cash (80%) from a £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
* Rathbone was available at back odds of 13.00 and lay odds of 14.50. Rathbone failed to win the race, resulting in a profit of £6.26 on this Virgin Bet offer. *
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Matt Kirman – Matched 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.