It’s the Prix de l’Arc de Triomphe on Sunday afternoon and you don’t want to miss this Genting Bet offer! Simply place a single bet of £10.00+ on the 15:05 at Longchamp and get a £10.00 free bet if our selection loses and Enable wins the race. Translated into matched betting terms, this gives us a potential profit of £7.04 and here’s how…
Key Terms:
- We must place a single bet of £10.00+ or £10.00 each way on the Prix de l’Arc de Triomphe.
- Our bet must be placed between 13:00 on Friday 4th October 2019 and 15:05 (race-off) on Sunday 6th October 2019.
- If our first bet loses and Enable wins, we’ll get a £10.00 free bet.
Qualifying Bet:
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
For our qualifying bet, we need to back and lay any horse other than Enable. Having looked at the odds available, we could place our qualifying bet on Japan.
At the time of writing, laying our bet at Smarkets gives us the smallest qualifying loss.
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 £9.23…
Place £10.00 on Japan @ 7.00 = Potential profit of £60.00
Lay £9.23 on Japan @ 7.60 = Potential liability of £60.91
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Extracted | Profit/Loss |
|---|---|---|---|---|
| Japan wins | +£60.00 | -£60.91 | £0.91 loss | |
| Enable wins | -£10.00 | +£9.04 | +£8.00 | £7.04 profit |
| Another horse wins | -£10.00 | +£9.04 | £0.96 loss |
So, if Enable wins, we’ll make a nice profit of £7.04! Any other outcome and we’ll lose a maximum of £0.96. Risking £0.96 to make a profit of £7.04, gives us effective odds of 8.33. So, given that Enable is odds of just 1.615 (8/13) to win the race, this is a profitable offer in the long run.
If eligible, free bets will be credited within 24 hours of our qualifying bet being settled and will be valid for 7 days. Free bet stakes are not returned with any winnings.
If you’re unsure how to extract 80% cash from a £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
* Waldgeist won the race, resulting in a loss of £0.96 on this Genting Bet offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.