It’s your last chance to take advantage of Betbright’s £30.00 risk free bet welcome offer as the Cheltenham Festival draws to a close on Friday. They’re also throwing in refunds up to £50.00 on any losing bets if your horse finishes 2nd. It’s only available to new customers who click through the links provided. If your first placed bet loses, Betbright will refund your bet in cash up to a maximum of £30.00. The refund is usually as a free bet so the cash refund offers you far more value. Qualifying bets must be placed before 18:00hrs on 14th March 2014. Translated into matched betting terms, you could make yourself a profit of £25.55! And here’s how…
The terms of the offer state that if you sign up and place a £30.00 bet and it loses, you will get your stake back as cold hard cash. You therefore need to place your qualifying bet on something that is likely to lose. With this in mind I would recommend that you back Claret Cloak in the 17:15 at Cheltenham on Friday.
Place £30.00 on Claret Cloak @ 8.92 = Potential profit of £237.60
Lay £26.89 on Claret Cloak @ 10.00 = Potential liability of £242.01
Now let’s have a look at your situation for the two outcomes…
|
Claret Cloak wins |
+£237.60 – £242.01 = £4.41 loss |
|
Claret Cloak doesn’t win |
-£30.00 + £25.55 + £30.00 (refund) = £25.55 profit |
So as long as Claret Cloak doesn’t win, you will make a profit of £25.55! If Claret Cloak does win, then you will lose £4.41 which I’m sure you’ll agree is a risk worth taking given the horses’ long odds.
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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.