It’s the Memorial Novice Chase on Saturday and you don’t want to miss this Genting Bet offer! Simply place a single bet of £20.00+ on the 15:10 at Thurles and get a £5.00 free bet to use on the Puppy Derby at Monmore on Saturday evening. Translated into matched betting terms, this gives us a guaranteed profit of £2.55 and here’s how…
Key Terms:
- We must place a single bet of £20.00+ or £20.00+ each way on the Memorial Novice Chase.
- Our bet must be placed before 15:10 (race-off) on Saturday 21st March 2020.
- Our £5.00 free bet will be valid on the 18:49 at Monmore (greyhounds) on Saturday 21st March 2020.
Qualifying Bet:
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
It’s entirely up to you which horse you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Cut The Mustard.
At the time of writing, laying our bet at Betfair gives us the smallest qualifying loss.
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 calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £19.19…
Place £20.00 on Cut The Mustard @ 9.00 = Potential profit of £160.00
Lay £19.19 on Cut The Mustard @ 9.40 = Potential liability of £161.19
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Profit/Loss |
|---|---|---|---|
| Cut The Mustard wins | +£160.00 | -£161.19 | £1.19 loss |
| Cut The Mustard doesn’t win | -£20.00 | +£18.80 | £1.20 loss |
So, regardless of the outcome, we’ll lose a maximum of £1.20 in qualifying for our £5.00 free bet.
Free Bet:
Our £5.00 free bet will be credited within 2 hours of our qualifying bet being settled and will be valid on the 18:49 at Monmore (greyhounds) on Saturday 21st March 2020.
By using straightforward matched betting, we should be able to extract 75% cash from our £5.00 free bet, so £3.75. If we take into account our maximum qualifying loss of £1.20, this gives us a guaranteed profit of £2.55 on this Genting Bet offer!
NOTE: The liquidity for greyhound racing does not improve until approximately 5-10 minutes before the race starts. You should therefore only do this offer if you’re comfortable with that. If you’ve not bet on greyhound racing before, you may just want to punt your free bet and observe the changing odds until you get the hang of things.
* Cut The Mustard fell, resulting in a profit of £2.55 on this Genting Bet offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.