Betbright have tweaked their usual £30.00 risk free bet welcome offer for the Cheltenham Festival and it means you can guarantee more profit! 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 and must settle within 21 days of being placed. Translated into matched betting terms, you could make yourself a profit of £25.23! 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 Menorah in The Festival Trophy Chase at 14:40 at Cheltenham on Thursday.
Place £30.00 on Menorah @ 8.80 = Potential profit of £234.00
Lay £26.53 on Menorah @ 10.00 = Potential liability of £238.77
Now let’s have a look at your situation for the two outcomes…
|
Menorah wins |
+£234.00 – £238.77 = £4.77 loss |
|
Menorah doesn’t win |
-£30.00 + £25.23 + £30.00 (refund) = £25.23 profit |
So as long as Menorah doesn’t win, you will make a profit of £25.23! If Menorah does win, then you will lose £4.77 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.