It’s Day 2 of Royal Ascot on Wednesday and you don’t want to miss this Genting Bet money back offer! Simply place a single bet of £10.00+ on the Hampton Court Stakes and get a £10.00 free bet if our selection loses and First Receiver wins the race. Translated into matched betting terms, this gives us a potential profit of £7.16 and here’s how…
- We must place a single bet of £10.00+ or £10.00 each way on the Hampton Court Stakes.
- Our bet must be placed before 13:50 (race-off) on Wednesday 17th June 2020.
- If our first bet loses and First Receiver wins, we’ll get a £10.00 free 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 First Receiver.
At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional lay odds for Juan Elcano in the following example and I’ll update the bottom of the post with an actual selection after the race.
At the time of writing, laying our bet at Betfair is likely to give 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 £9.35…
Place £10.00 on Juan Elcano @ 4.00 = Potential profit of £30.00
Lay £9.35 on Juan Elcano @ 4.30 = Potential liability of £30.85
Let’s have a look at our potential profit/loss for the possible outcomes…
|Juan Elcano wins||+£30.00||-£30.85||£0.85 loss|
|First Receiver wins||-£10.00||+£9.16||+£8.00||£7.16 profit|
|Another horse wins||-£10.00||+£9.16||£0.84 loss|
So, if First Receiver wins, we’ll make a nice profit of £7.16! Any other outcome and we’ll lose a maximum of £0.85. Risking £0.85 to make a profit of £7.16, gives us effective odds of 9.42. So, given that First Receiver 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 4 hours of the race settling and will be valid for 3 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.
* Berlin Tango was available at back odds of 6.50 and lay odds of 6.80. Russian Emperor won the race, resulting in a loss of £0.61 on this Genting Bet offer. *
Get this Genting Bet money back offer