Royal Ascot 2020 gets underway on Tuesday afternoon and you don’t want to miss this JenningsBet free bet offer! Simply place a single bet on any Day 1 race at Royal Ascot and JenningsBet will give us a £10.00 free bet to use on Day 2. Translated into matched betting terms, this gives us a guaranteed profit of £7.56 and here’s how…
Key Terms:
- Minimum stake of £10.00.
- We must place a single bet on any Day 1 race at Royal Ascot on Tuesday 16th June 2020.
- Qualifying bets must be placed at odds of 2.00 (evens) or greater.
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.
It’s entirely up to you which horse you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Circus Maximus in the 13:50 at Royal Ascot on Tuesday.
At the time of writing, laying our bet with Betfair gives us the smallest qualifying loss.
Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.
If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.
For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.
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 £9.76…
Place £10.00 on Circus Maximus @ 3.25 = Potential profit of £22.50
Lay £9.76 on Circus Maximus @ 3.35 = Potential liability of £22.93
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Profit/Loss |
|---|---|---|---|
| Circus Maximus wins | +£22.50 | -£22.93 | £0.43 loss |
| Circus Maximus doesn’t win | -£10.00 | +£9.56 | £0.44 loss |
So, regardless of the outcome, we’ll lose a maximum of £0.44 in qualifying for our £10.00 free bet.
Free Bet:
Our £10.00 free bet will be credited by 12:00 on Wednesday 17th June 2020 and must be used on any Royal Ascot race on Wednesday 17th June 2020. Free bet stakes are not included in any returns.
By using straightforward matched betting, we should be able to extract 80% cash from our £10.00 free bet, so £8.00. If we take into account our maximum qualifying loss of £0.44, this gives us a guaranteed profit of £7.56 on this JenningsBet offer!
* Circus Maximus won the 13:50 at Royal Ascot, resulting in a profit of £7.57 on this JenningsBet offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.