Mares’ Hurdle 2021 Offer – Genting Bet

Cheltenham Festival 2021 gets underway on Tuesday and you don’t want to miss this Genting Bet money back offer! Simply place a single bet of £20.00+ on the Mares’ Hurdle on Tuesday and if your selection loses and Concertista wins, Genting Bet will give you a £10.00 free bet. Translated into matched betting terms, this gives us a potential profit of £6.39 and here’s how…

Key terms

  • Minimum stake of £20.00 (£20.00 each way).
  • Applies to bets placed on the Mares’ Hurdle.
  • Applies to bets placed before 15:40 (race-off) on Tuesday 16th March 2021.
  • £10.00 free bet if your bet loses and Concertista wins the race.

Qualifying bet

If you’d like more information about qualifying bets and how they work, please see my qualifying bets guide.

It’s entirely up to you which horse you place your qualifying bet on, though it needs to be any horse other than Concertista.

At the time of writing, the back and lay odds aren’t quite tight enough. I’ll use fictional odds in the following example to illustrate how this offer works and I’ll update the bottom of the post with an actual selection after the race.

Roksana is available at back odds of 3.50 (5/2). Let’s imagine the lay odds are 3.75.

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.

  • 2% commission for all new signups
  • 0% commission for 60 days

We can calculate our lay stake 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 £18.77…

Genting Bet logo

Place £20.00 on Roksana @ 3.50 = Potential profit of £50.00

Betfair logo

Lay £18.77 on Roksana @ 3.75 = Potential liability of £51.61

Outcomes

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

OutcomeGenting BetBetfairFree BetProfit/Loss
Roksana wins+ £50.00– £51.61£1.61 loss
Concertista wins– £20.00+ £18.39+ £8.00£6.39 profit
Another horse wins– £20.00+ £18.39£1.61 loss

So, if Concertista wins, we’ll make a nice profit of £6.39! Any other outcome and we’ll lose £1.61. Risking £1.61 to make a profit of £6.39, gives us effective odds of 4.97. So, given that Concertista is odds of just 2.20 (6/5) to win the race, this is a profitable offer in the long run.

If eligible, free bets will be credited within 4 hours of the race settling and will be valid for 3 days. Free bet stakes are not returned with any winnings.

If you’re unsure how to convert your £10.00 free bet into £8.00 cash (80%), please see my free bets guide for a walkthrough of how it should be done.

Don’t miss out on one of the most profitable weeks of the matched betting calendar! For a comprehensive list of available bookmaker offers, please see my Cheltenham Festival 2021 Offers page.

* Roksana was available at back odds of 4.00 and lay odds of 4.30. Black Tears won the race, resulting in a loss of £1.69 on this Genting Bet offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.