It’s Gold Cup Day at Cheltenham Festival 2022 on Friday, and you don’t want to miss this STS free bet offer! Place a bet on the 15:30 Cheltenham, and STS will match your stake as a free bet up to £20.00 to use on horse racing. Translated into matched betting terms, this gives you a profit of £13.49 and here’s how…
Key terms
- Applies to your first bet on a horse running in the Cheltenham Gold Cup.
- Applies to single bets placed before 15:30 (race-off) on Friday 18th March 2022.
- Maximum matched free bet of £20.00.
- Your free bet will be credited within 24 hours of qualifying bet settlement.
- Free bet will be valid on horse racing for 14 days.
- Free bet stakes will not be returned with any winnings.
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 place your qualifying bet on.
At the time of writing, Galvin is available at back odds of 4.00 (3/1) and lay odds of 4.50.
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
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 £17.86…
Place £20.00 on Galvin @ 4.00 = Potential profit of £60.00
Lay £17.86 on Galvin @ 4.50 = Potential liability of £62.51
Outcomes
Let’s look at your potential profit/loss for the possible outcomes…
| Outcome | STS | Betfair | Profit/Loss |
|---|---|---|---|
| Galvin wins | + £60.00 | – £62.51 | £2.51 loss |
| Another horse wins | – £20.00 | + £17.50 | £2.50 loss |
So, no matter the outcome, you’ll lose a maximum of £2.51 in qualifying for your £20.00 free bet.
Free bet
Your £20.00 free bet will be credited within 24 hours of your qualifying bet being settled and valid on horse racing for 14 days. The free bet stake will not be returned with any winnings.
Using straightforward matched betting, you should convert your free bet into 80% cash, so £16.00. Considering your maximum qualifying loss of £2.51 gives you a minimum profit of £13.49 on this STS offer!
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.
* A Plus Tard won the race, resulting in a £13.50 profit on this STS 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.