It’s Day 5 of Royal Ascot 2019 on Saturday and you don’t want to miss this Genting Bet offer! Simply place a single bet of £10.00+ on the 16:20 at Royal Ascot and get a £10.00 free bet if our selection loses and Blue Point wins the race. Translated into matched betting terms, this gives us a potential profit of £7.42 and here’s how…
Key Terms:
- We must place a single bet of £10.00+ or £10.00 each way on the Diamond Jubilee Stakes.
- Our bet must be placed between 16:20 on Friday 21st June 2019 and 16:20 (race-off) on Saturday 22nd June 2019.
- If our first bet loses and Blue Point 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 Blue Point. Having looked at the odds available, we could place our qualifying bet on The Tin Man.
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 £9.62…
Place £10.00 on The Tin Man @ 12.00 = Potential profit of £110.00
Lay £9.62 on The Tin Man @ 12.50 = Potential liability of £110.63
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
Outcome | Bookie | Exchange | Extracted | Profit/Loss |
---|---|---|---|---|
The Tin Man wins | +£110.00 | -£110.63 | £0.63 loss | |
Blue Point wins | -£10.00 | +£9.42 | +£8.00 | £7.42 profit |
Another horse wins | -£10.00 | +£9.42 | £0.58 loss |
So, if Blue Point wins, we’ll make a nice profit of £7.42! Any other outcome and we’ll lose a maximum of £0.63. Risking £0.63 to make a profit of £7.42, gives us effective odds of 12.78. So, given that Blue Point is odds of just 3.25 (9/4) 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.
* Blue Point won the race, resulting in a profit of £7.42 on this Genting Bet offer. *
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Chris
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