The QIPCO Guineas Festival 2018 gets underway at Newmarket on Saturday and you don’t want to miss this Betway offer! Simply place a bet on the 2000 or 1000 Guineas 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 £10.00+ and here’s how…
The Offer:
This offer is available on the following races at Newmarket this weekend…
| Race | Time | Date |
|---|---|---|
| 2000 Guineas | 15:35 | Saturday 5th May 2018 |
| 1000 Guineas | 15:35 | Sunday 6th May 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.
Qualifying Bets:
Having looked at the odds available for the 2000 Guineas, we could place our qualifying bet on Elarqam.
I like to place my exchange lay bets with Betfair as they have great liquidity in the run up to races and the site is really easy to use.
We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £7.50 as our ‘Cashback’ figure as this is the amount we can expect to extract (75%) 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 £8.27…
Place £10.00 on Elarqam @ 6.00 = Potential profit of £50.00
Lay £8.27 on Elarqam @ 6.40 = Potential liability of £44.65
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Elarqam wins | + £50.00 – £44.65 = £5.35 profit |
| Elarqam doesn’t win | – £10.00 + £7.85 + £7.50 (extract 75% from our £10.00 free bet) = £5.35 profit |
So, regardless of the outcome and with some good odds, we should make a guaranteed profit of £5.00+ on both races, giving us an overall guaranteed profit of £10.00+ 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 at the weekend with a suggested bet for the 1000 Guineas…
| Race | Selection | Back Odds | Lay Odds | Profit |
|---|---|---|---|---|
| 2000 Guineas | Elarqam | 6.00 | 6.40 | £5.35 |
| 1000 Guineas | Wild Illusion | 8.50 | 9.40 | £5.37 |
* Overall profit of £10.72 on this Betway offer. *
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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.