Supreme Novices’ Hurdle 2019 Offer – MoPlay

Cheltenham Festival 2019 gets underway with the Supreme Novices’ Hurdle on Tuesday and you don’t want to miss this MoPlay ‘Bet £20, Get £10’ offer! Simply bet £20.00+ via mobile on the 13:30 at Cheltenham and MoPlay will give us a £10.00 free bet to use on the Champion Hurdle at 15:30 the same day. Translated into matched betting terms, this gives us a guaranteed profit of £6.21 and here’s how…

Key Terms:

  • We must bet £20.00 or more on the Supreme Novices’ Hurdle (13:30 on Tuesday 12th March 2019) from a mobile device.
  • £20.00 win singles and £10.00 each way singles both qualify.
  • We must opt in to receive our free bet by clicking ‘Accept’ when prompted by the pop up which appears after our qualifying bet has settled.

Qualifying Bet:

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

At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional lay odds for Klassical Dream 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 Smarkets is likely to give us the biggest guaranteed profit.

We can calculate our lay stake using my matched betting calculator…

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 £18.59…

MoPlay logo

Place £20.00 on Klassical Dream @ 5.00 = Potential profit of £80.00

Smarkets logo

Lay £18.59 on Klassical Dream @ 5.40 = Potential liability of £81.79

Outcomes:

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

Outcome Bookie Exchange Profit/Loss
Klassical Dream wins +£80.00 -£81.79 £1.79 loss
Klassical Dream doesn’t win -£20.00 +£18.21 £1.79 loss

So, regardless of the outcome, we’ll lose £1.79 in qualifying for our £10.00 free bet.

Free Bet:

Our £10.00 free bet should be credited within a couple of minutes of our qualifying bet being settled and will be valid on the Champion Hurdle (15:30 on Tuesday 12th March 2019). Free bet stakes will not be included in any returns.

By using straightforward matched betting, we should be able to extract 80% cash from our £10.00 free bet, so £8.00. If we take into account our qualifying loss of £1.79, this gives us a guaranteed profit of £6.21 on this MoPlay offer!

* Fakir D’Oudairies was available at back odds of 7.50 and lay odds of 7.80. Fakir D’Oudairies failed to win the race, resulting in a profit of £6.89 on this MoPlay offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.