Cheltenham Festival 2022 continues on Thursday with the Turners Novices’ Chase, and you don’t want to miss this Sky Bet offer! Place a bet on the 13:30 Cheltenham, and if your horse finishes 2nd, Sky Bet will refund your stake as cash, up to £10.00. Translated into matched betting terms, this gives you a potential profit of £9.24 and here’s how…
Key terms
- Applies to your first bet on a horse running in the Turners Novices’ Chase.
- Applies to bets placed between 11:00 on Tuesday 15th March 2022 and 13:30 (race-off) on Thursday 17th March 2022.
- Win singles or win part of each way singles only.
- If fewer than 4 runners come under starters orders, Sky Bet reserves the right to withdraw the offer without prior notice.
- Maximum cash refund of £10.00 if your horse finishes 2nd.
- If eligible, your cash refund will be credited within 72 hours of the completion of the race.
Qualifying bet
Please see my qualifying bets guide if you’d like more information about them and how they work.
It’s entirely up to you which horse you go for, but it would make sense to select a horse with relatively short odds in the hope of a 2nd place finish.
At the time of writing, Bob Olinger is available at back odds of 2.00 (evens) and lay odds of 2.14.
Smarkets works best for this offer
For this offer, Smarkets are the best option due to Sky Bet being part of the same group as Betfair.
Laying your bet at Betfair would probably be fine, but if you don’t want to risk it, Smarkets is your safest bet.
- 0% commission for 60 days
You can calculate your lay stake using my Matched Betting Calculator…
As you can see, the calculator tells you that your lay stake should be £9.43…
Place £10.00 on Bob Olinger @ 2.00 = Potential profit of £10.00
Lay £9.43 on Bob Olinger @ 2.14 = Potential liability of £10.75
Outcomes
Let’s look at your potential profit/loss for the possible outcomes…
| Outcome | Sky Bet | Smarkets | Cashback | Profit/Loss |
|---|---|---|---|---|
| Bob Olinger wins | + £10.00 | – £10.75 | £0.75 loss | |
| Bob Olinger finishes 2nd | – £10.00 | + £9.24 | + £10.00 | £9.24 profit |
| Any other outcome | – £10.00 | + £9.24 | £0.76 loss |
So, you’ll make a nice profit of £9.24 if Bob Olinger finishes 2nd. Any other outcome and you’ll lose a maximum of £0.76. Risking £0.76 to make a potential profit of £9.24 gives you effective odds of 13.16, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If eligible, your cash refund will be credited within 72 hours of completion of the race.
Don’t miss out on one of the most profitable weeks of the matched betting calendar! For a comprehensive list of available bookmaker offers, please see my Cheltenham Festival 2022 Offers page.
* Bob Olinger won the race, resulting in a £0.75 loss on this Sky Bet offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.