Royal Ascot 2021 is here and you don’t want to miss this bet365 offer! Simply back a winner at odds of 4/1 or more in any live ITV race and bet365 will give us a risk-free bet equal to our stake, up to a maximum of £50.00. Translated into matched betting terms, this gives us an overall potential profit of £100.00+ and here’s how…
Key terms
- Offer applies to win or each way single bets placed on any horse running in a race broadcast live on ITV Racing.
- Applies to our first bet on each eligible race.
- If our horse wins at odds of 5.00 (4/1) or greater, we’ll qualify for a risk-free bet to the same stake, up to £50.00, on the next ITV race.
- Risk-free bets must be placed using our own funds and if it loses, bet365 will refund our stake in cash.
Qualifying bets
This offer is available on all 7 races each day between Tuesday 15th June 2021 and Saturday 19th June 2021.
I’ll take you through a worked example below anyway, but for more information about ‘Back a Winner’ type offers and a walkthrough of how they should be done, please see my Bet365 4/1 Offer guide.
If you’d like more information about qualifying bets and how they work, please see my qualifying bets guide.
At the time of writing, Chindit is back odds of 7.00 (6/1) to win the 16:20 on Tuesday. The lay odds are currently 7.20.
Either exchange works for this offer
Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.
- Money back as cash up to £20
- 0% commission for 60 days
Option 1:
We know that if our horse wins, we’ll be able to convert our £50.00 risk-free bet into 75% cash. We can therefore add 0.75 to the back odds to get our effective odds…
7.00 + 0.75 = 7.75
Using my Matched Betting Calculator, we simply enter 7.75 as our back odds instead of 7.00 and lay the amount shown. 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 lay stake using my Matched Betting Calculator…
As you can see, the calculator tells us that our lay stake should be £48.75…
Place £50.00 on Chindit @ 7.00 = Potential profit of £300.00
Lay £48.75 on Chindit @ 7.20 = Potential liability of £302.25
Outcomes
Let’s have a look at our potential profit/loss for the possible outcomes…
So, we’ll make a nice profit of £35.25 if Chindit wins, otherwise we’ll lose £2.23. Risking £2.23 to make a potential profit of £35.25 gives us effective odds of 16.81. So, given that Chindit is odds of just 7.00 (6/1) to win the race, this is a profitable offer in the long run.
ITV are covering all 35 Royal Ascot 2021 races, giving us an overall potential profit of £100.00+ on this bet365 offer!
If any of our selections win, our risk-free bet will be valid on the very next ITV race. We must place our risk-free bets using our own funds and if our selection loses, bet365 will refund our stake in cash, up to a maximum of £50.00. If our risk-free bet wins, we’ll qualify for another risk-free bet on the next ITV race.
If you’re unsure how to convert a £50.00 risk-free bet into £37.50 cash (75%), please see my risk-free bets guide for a walkthrough of how it should be done.
I’ll update the following table with some actual selections at the end of each day…
* Oxted won the 15:40 on Tuesday, resulting in a profit of £40.94 on the 16:20 on Tuesday.
** Kemari won the 15:05 on Wednesday, resulting in a profit of £38.81 on the 15:40 on Wednesday.
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MB
Guest userStar Sports also have their ‘average stake as a free bet up to £250’ for Royal Ascot. Great offer.
Matt
1490Thanks MB, actually just added.
Matthew S
Guest userHi matt, I am trying to get into these but rarely seem to get such good matches, I use Smarkets, with work don’t really have time to be checked odds too often!! Any tips as to how to keep QLs small maximise chance of a good profit?
Thanks, matt.
Matt
1490The only way to keep qualifying losses down Matthew without sacrificing your potential profit is to place your bets at acceptable odds. It’s difficult to do that with work commitments though, especially as you have to keep an eye on the races to ensure you don’t waste any risk-free bets. I would say keep an eye on the lay odds at Betfair too as you might find lower odds there.
Chris
Guest userWhat happens if the odds are reduced to below 4/1 due to non-runners after you’ve placed your bet?
Matt
1490I don’t think it will be eligible Chris…
9. The 4/1 limit refers to the adjusted odds after any dead-heat, Rule 4 or unnamed joint/co-favourite.
Matthew S
Guest userHey matt. Just wanted to check in, had a massive result on dragon symbol, at Ascot today as you know won at 365 and the exhange as disqualified, for a £325 profit. This nudged me just above 3k profit in just under 4 months. Your blog is what got me convinced to start matched betting in the first place, taking the family on a luxury holiday next year thank you so much!!!
Matt
1490Fantastic to hear Matthew, that’s what it’s all about! I hope you and the family have a great holiday mate.
cannonball
2Same here and echo Matthew’s comments Matt, I would never have thought at looking at these kind of offers if it wasn’t for your blog.
cannonball
2…and bet365 even honoured the £50 risk free bet on next race.
Matt
1490Congrats @cannonball, great to have you onboard!