£100.00+
Potential Profit
£92.01
Actual Profit

Royal Ascot 2020 Offer – Unibet


Posted by Matt (administrator) Matt
Start Time: 16/06/2020 13:50

It’s Royal Ascot 2020 this week and you don’t want to miss this Unibet Back a Winner offer! Simply bet on any ITV race in the 15 minutes before the scheduled start time and if we back the winner, Unibet will match our stake with a free bet, up to £20.00. Translated into matched betting terms, this gives us a potential profit of £100.00+ and here’s how…

Key Terms:

  • Minimum stake of £5.00.
  • Qualifying bets must be placed on the selected ITV races in the 15 minutes before the scheduled start time.
  • Qualifying bets must be placed at odds of 2.00 (evens) or greater.
  • To be eligible, we must select the ’15 to Go’ box that appears on the betslip after entering our stake.
  • If our selected horse wins, Unibet will match our stake as a free bet, up to £20.00.

Qualifying Bets:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.

This offer is available on the following races each day between Tuesday 16th June 2020 and Saturday 20th June 2020…

13:50, 14:25, 15:00, 15:35, 16:10 and 16:40.
+ 13:15 on Saturday

It’s entirely up to you which horses you place your qualifying bets on. We won’t know what odds are available until 15 minutes before the off, so I’ll use fictional odds for Terebellum (7/2) in the 13:50 at Royal Ascot on Tuesday and I’ll update the bottom of the post with some actual selections after the races.

At the time of writing, laying our bet at 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.

Option 1:

We know that if our horse wins, we’ll be able to extract 80% cash from the £20.00 free bet. We can therefore add 0.80 to the back odds to get our effective odds…

4.50 + 0.80 = 5.30

We simply enter 5.30 as our back odds instead of 4.50 and lay the amount shown on the calculator. Overlaying like this is fine, but the guaranteed profits are likely to be small.

Option 2:

Our second option is to lay our bets as normal and hope some of our horses win for bigger profits.

We can calculate our stake using my matched betting calculator…

Select bet type

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 £19.23…

Unibet logo

Place £20.00 on Terebellum @ 4.50 = Potential profit of £70.00

Betfair logo

Lay £19.23 on Terebellum @ 4.70 = Potential liability of £71.15

Outcomes:

Let’s have a look at our potential profit/loss for the possible outcomes…

OutcomeBookieExchangeExtractedProfit/Loss
Terebellum wins+£70.00-£71.15+£16.00£14.85 profit
Terebellum doesn't win-£20.00+£18.84£1.16 loss

So, we’ll make a nice profit of £14.85 if Terebellum wins, otherwise we’ll lose £1.16. Risking £1.16 to make a profit of £14.85 gives us effective odds of 13.80. So, given that Terebellum is odds of just 4.50 (7/2) to win the race, this is a profitable offer in the long run.

ITV are covering 31 races across Royal Ascot 2020, giving us an overall potential profit of £100.00+ on this Unibet offer!

If eligible, free bets will be credited within 2 hours of the weigh-in and will be valid on horse racing for 7 days. Free bet stakes are not included in any returns.

If you’re unsure how to extract £16.00 cash (80%) from the £20.00 free bets, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

I’ll update the following table with some actual selections after the races…

RaceSelectionBack OddsLay OddsProfit/Loss
13:50 TuesdayCircus Maximus5.505.80+£14.66
14:25 TuesdayFrankly Darling2.252.42+£16.88 *
16:10 TuesdayNazeef4.004.10+£21.88 **
16:40 TuesdayVerdana Blue5.005.30-£1.44
13:50 WednesdayFirst Receiver3.253.50-£1.70
15:00 WednesdayJapan2.3752.56-£1.68
16:10 WednesdayChief Little Hawk5.005.20-£1.08
16:40 WednesdayFujaira Prince5.005.30+£14.56
13:50 ThursdaySir Dragonet2.8753.15-£2.00
15:00 ThursdayBattleground3.754.00+£14.48
15:35 ThursdayStradivarius2.002.10+£14.85
16:40 ThursdayAfrican Dream3.003.15-£1.22
14:25 FridayEye Of Heaven2.752.98-£1.80
15:00 FridayAnthony Van Dyck3.253.60-£2.21
16:10 FridayBerkshire Rocco3.753.90-£1.06
13:15 SaturdayMore Beautiful2.002.16-£1.69
13:50 SaturdayAdmiral Nelson3.503.75-£1.61
14:25 SaturdayQuadrilateral3.253.40-£1.16
15:00 SaturdayPinatubo2.3752.42-£0.61
15:35 SaturdayOne Master7.007.20-£0.89
16:40 SaturdayWho Dares Wins2.002.10+£14.85

* Frankly Darling won the 14:25 on Tuesday at starting price (SP) odds of 2.375 (11/8), resulting in a profit of £16.88, courtesy of Unibet’s Best Odds Guaranteed promotion.

** Nazeef won the 16:10 on Tuesday at starting price (SP) odds of 4.333 (10/3), resulting in a profit of £21.88, courtesy of Unibet’s Best Odds Guaranteed promotion.

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