It’s Day 1 of the Cheltenham Festival 2020 on Tuesday and you don’t want to miss this Betfair ‘Bet £20, Get £20′ offer! Simply place £20.00+ in Exchange back bets on the Supreme Novices’ Hurdle and Betfair will give us £20.00 in Exchange mobile free bets to use on any of the remaining Day 1 races. Translated into matched betting terms, this gives us a guaranteed profit of £14.72 and here’s how…
Key Terms:
- Only customers opted into the Rewards or Rewards Plus plans are eligible
- We must stake a total of £20.00 in Exchange back bets on the Supreme Novices’ Hurdle.
- The race is scheduled to start at 13:30 on Tuesday 10th March 2020.
- Applies to bets on the Win market.
- £20.00 in Exchange free bets must be used via mobile on any of the remaining Day 1 races.
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.
If you’re paying 2% commission with Betfair’s Basic package, you won’t be eligible for this ‘Bet £20, Get £20’ Exchange offer.
We’ll need to lay our bet at another exchange.
It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Asterion Forlonge.
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 £19.11.
Aim to lose no more than £1.30 on our qualifying bet
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Betfair | Other Exchange | Profit/Loss |
|---|---|---|---|
| Asterion Forlonge wins | +£54.15 | -£55.41 | £1.26 loss |
| Asterion Forlonge doesn’t win | -£20.00 | +£18.72 | £1.28 loss |
So, regardless of the outcome, we’ll lose a maximum of £1.28 in qualifying for our £20.00 free bet.
Free Bet:
We’ll receive our £20.00 in Exchange free bets upon settlement of our qualifying bet. The free bets must be used via mobile on any of the remaining Day 1 races.
By using straightforward matched betting, we should be able to extract 80% cash from our £20.00 in free bets, so £16.00. If we take into account our maximum qualifying loss of £1.28, this gives us a guaranteed profit of £14.72 on this Betfair Exchange offer!
* Asterion Forlonge failed to win the race, resulting in a profit of £14.72 on this Betfair Exchange offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.