The Newmarket July Festival 2018 gets underway on Thursday and you don’t want to miss this Betway offer! Simply place a bet on the first race each day and if our selection loses, Betway will refund our stake as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us an overall guaranteed profit of £18.00+ and here’s how…
This offer is available on the following races at Newmarket…
|Bahrain Trophy Stakes||13:50||Thursday 12th July 2018|
|Bet365 Handicap Stakes||13:50||Friday 13th July 2018|
|Bet365 Superlative Stakes||13:05||Saturday 14th July 2018|
Losing stakes are refunded as a free bet, so this is effectively a risk-free offer. We’ll need to select horses with long odds in order to maximise our profits. The back and lay odds should tighten up on the day of each race.
Having looked at the odds available for the Bahrain Trophy Stakes, we could place our qualifying bet on Wells Farhh Go.
At the time of writing, laying our bet with Smarkets gives us the smallest qualifying loss.
We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £8.00 as our ‘Cashback’ figure as this is the amount we can expect to extract (80%) from our £10.00 free bet refund, should our horse lose…
As you can see, the calculator tells us that our lay stake should be £8.39…
Place £10.00 on Wells Farhh Go @ 8.00 = Potential profit of £70.00
Lay £8.39 on Wells Farhh Go @ 8.60 = Potential liability of £63.76
Let’s have a look at our potential profit/loss for the possible outcomes…
|Wells Farhh Go wins||+ £70.00 – £63.76 = £6.24 profit|
|Wells Farhh Go doesn't win||- £10.00 + £8.22 + £8.00 (extract 80% from our £10.00 free bet) = £6.22 profit|
So, regardless of the outcome and with some good odds, we should make a guaranteed profit of £6.00+ on each race, giving us an overall guaranteed profit of £18.00+ on this Betway offer!
If eligible, free bets will be credited within 24 hours of our qualifying bets being settled and will be valid for 24 hours. Free bet stakes are not included in any returns.
I’ll update the following table during the festival with suggested bets for each race…
|Race||Selection||Back Odds||Lay Odds||Profit|
|Bahrain Trophy Stakes||Wells Farhh Go||8.00||8.60||£6.24|
|Bet365 Handicap Stakes||Zap||11.00||13.00||£5.68|
|Bet365 Superlative Stakes||Certain Lad||8.00||8.80||£6.03|
Click here to take advantage of this Betway offer