NetBet Offer – 25% Horse Racing Cashback

Aside from the excitement of Euro 2016, there is still plenty of horse racing to get stuck into and you don’t want to miss this NetBet offer! Simply place a minimum of 3 bets on UK or Irish horse racing this week and NetBet will refund 25% of our net losses as a bonus, up to a maximum of £50.00. Translated into matched betting terms, this gives us a guaranteed profit of £20.00-£30.00 and here’s how…

The Terms:

We must opt-in on the promotion page to be eligible.

NetBet will refund 25% of our UK and Irish horse racing net losses between 00:00 on Monday 6th June 2016 and 13:00 (BST) on Sunday 13th June 2016. Refunds will be in the form of a bonus, which will be credited within 48 hours of the promotion ending. We will have 7 days to complete the 6 x rollover (at minimum odds of 1.60 or greater).

A minimum of three (3) bets, must be placed at odds of 2.00 (evens) or greater, during the promotion period, to be eligible.

Qualifying Bets:

In order to claim the maximum bonus refund of £50.00, we need to have net losses totaling £200.00. The best thing to do, is to place our first two qualifying bets and then see what our net profit/loss is before placing our last qualifying bet. There is no minimum stake specified in the terms, but I would recommend we stake a reasonable amount like £25.00.

Say, for example, one of our bets wins at odds of 6.00… Our net profit at that point would be £100.00. We would then need to stake £300.00 on our last bet to get the maximum £50.00 bonus refund. If our first two bets lose, we know that we need to stake £150.00 on our last bet to get the maximum £50.00 bonus refund… and so on and so forth.

If you’ve read my risk-free bet strategy guide, you’ll know that the higher the odds we place our qualifying bet at, the more profit we can lock in. This does, however, depend on your bankroll.

It’s entirely up to you which horses you place your qualifying bets on. The odds in the following example are taken from the 14:40 at Haydock on Wednesday 8th June 2016. I’ll update the bottom of the post with all 3 of my selections after the promotion has ended.

I like to place my exchange lay bets with Smarkets as they have great liquidity in the run up to races, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.

We can work out our lay stake by selecting the ‘Risk-Free Bet’ option on my matched betting calculator…

As you can see, the calculator tells us that our lay stake should be £136.03…

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

So, regardless of the outcome of the race, we will make a profit of £28.31!

Of course, it all depends on our net profit/loss after our first two qualifying bets, what odds are available for the final bet and how quickly we are able to convert our bonus into cash. Taking all of that into consideration, we should be able to make a guaranteed profit of £20.00-£30.00 on this NetBet offer!

* My first two qualifying bets on Bronze Beau (2.30 at Beverley on 8th June 2016) and Nations Alexander (2.40 at Haydock on 8th June 2016) both lost, meaning I needed to stake £150.00 on my final qualifying bet, Snan (3.10 at Haydock on 8th June 2016). Snan won the race, meaning I made an overall profit of £27.33 on this NetBet offer. *