£7.56
Guaranteed Profit
£7.57
Actual Profit

Royal Ascot 2020 Offer (Day 1) – JenningsBet


Posted by Matt (administrator) Matt
Start Time: 16/06/2020 13:15

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.

Banner showing the zero commission sign up offer from Betfair

Banner showing the zero commission sign up offer from Betfair

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…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £

Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £9.76…

JenningsBet logo

Place £10.00 on Circus Maximus @ 3.25 = Potential profit of £22.50

Betfair logo

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…

OutcomeBookieExchangeProfit/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. *

Comments


  1. Wernda

    Guest user

    Matt,

    Does this apply to UK users or just NI?

    +0
    Reply
    1. Matt

      294

      As per the offer terms…

      ‘This promotion is only valid for players living in the UK and Ireland who are 18 years or over.’

      +0
      Reply
  2. James

    Guest user

    Has anyone else not had the free bet credited yet?

    +0
    Reply
    1. Ryan B

      Guest user

      Nothing on my account or my 3 friends’ accounts yet!

      +0
      Reply
      1. James

        Guest user

        I’m glad I’m not the only one!

        +0
        Reply
  3. Alex

    Guest user

    Terms say it will be credited by 12pm on June 17th.

    +1
    Reply
    1. James

      Guest user

      Thanks, got it now.

      +0
      Reply
  4. Werdna

    Guest user

    I have two accounts with them. One account has been credited and the other not credited yet.

    +0
    Reply
  5. Mark

    Guest user

    I’ve received nothing – emailed them.

    +0
    Reply
  6. Werdna

    Guest user

    1215 and the second account not yet credited. Have e-mailed them….

    +0
    Reply
  7. Werdna

    Guest user

    My e-mail reply is that they are looking into it…….

    +0
    Reply
  8. Tipsy turner

    Guest user

    Same here, still haven’t had my FB.

    +0
    Reply
  9. Werdna

    Guest user

    Looks to me like they are going to try and welch on this. Still no reply to my e-mail after they asked for username and postcode. I will keep on at them.

    +0
    Reply
  10. Iain

    Guest user

    Got a reply saying if you placed your first bet with the company on this then it doesn’t qualify and will instead qualify for the welcome offer which gives you a 10 pound free bet if sterling scores tonight. Hopefully he does and that’ll be that but if not will certainly be raising complaints with them etc

    +0
    Reply
    1. Werdna

      Guest user

      The two accounts I have with them were both opened as new last night. One account got the £10 free Ascot bet and the other is yet to get it. So it can’t be anything to do with new customers and their first bet. I’ve got them over a barrel as I can prove one customer got treated differently to another – both new customers – even though they don’t know they are both me!

      +0
      Reply
    2. Mark

      Guest user

      I also got this reply, I think it is in their terms sneakily. So if someone already had an account and placed bets before that race they’d be alright. As we just signed up we didn’t qualify. It says “cant be used in conjunction with any other offer” in T&C’s.

      +0
      Reply
  11. F

    Guest user

    For the guys who opened a new account for the offer, we are in the clear. Raheem Sterling just scored. Welcome free bet should come through in the morning.

    +0
    Reply
  12. Andy

    Guest user

    Got the same reply as Iain, seems like a bit of a con to me.

    +0
    Reply
  13. Bazza74

    1

    Same here, I opened my account ages ago but not sure if I ever placed a welcome offer bet. But they gave me the same waffle about Sterling. Got a £10 though.

    +0
    Reply

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