There’s a big day of racing at Market Rasen on Saturday and you don’t want to miss this Betway money back offer! If our horse finishes 2nd, 3rd or 4th in the 14:05 Market Rasen, Betway will refund our stake as a free bet up to £10.00. Translated into matched betting terms, this gives us a potential profit of £7.07 and here’s how…
Key terms
- Applies to our first bet on the 14:05 Market Rasen.
- Applies to bets placed before 14:05 (race-off) on Saturday 17th July 2021.
- Minimum odds of 1.50 (1/2).
- If our horse finishes 2nd, 3rd or 4th, Betway will refund our stake as a free bet up to £10.00.
- If fewer than eight runners come under starters orders, the promotion will revert to money back as a free bet for 2nd place only.
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 go for, but it would make sense to select a horse with fairly short odds in the hope of a 2nd, 3rd or 4th place finish.
At the time of writing, Hang In There is available at back odds of 8.50 (15/2) and lay odds of 9.20.
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 stake using my Matched Betting Calculator…
As you can see, the calculator tells us that our lay stake should be £9.26…
Place £10.00 on Hang In There @ 8.50 = Potential profit of £75.00
Lay £9.26 on Hang In There @ 9.20 = Potential liability of £75.93
Outcomes
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Betway | Betfair | Free Bet | Profit/Loss |
|---|---|---|---|---|
| Hang In There wins | + £75.00 | – £75.93 | £0.93 loss | |
| Hang In There finishes 2nd, 3rd or 4th | – £10.00 | + £9.07 | + £8.00 | £7.07 profit |
| Any other outcome | – £10.00 | + £9.07 | £0.93 loss |
So, we’ll make a nice profit of £7.07 if Hang In There finishes 2nd, 3rd or 4th or we’ll lose £0.93 on any other outcome. Risking £0.93 to make a potential profit of £7.07 gives us effective odds of 8.60, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If eligible, free bets will be credited within an hour of the race being settled and will be valid for 7 days. Free bet stakes are not included in any returns.
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.
* Hang In There finished 2nd, resulting in a profit of £7.07 on this Betway offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.