Unibet – Cheltenham Festival 2022 Offer

Cheltenham Festival 2022 is here, and you don’t want to miss this Unibet ’15 to Go’ offer! Bet on any Cheltenham Festival ITV race in the 15 minutes before the scheduled start time, and if you back the winner, Unibet will match your stake with a free bet, up to £20.00. Translated into matched betting terms, this gives you a potential profit of £50.00+ and here’s how…

Key terms

  • Applies to your first qualifying bet placed on any Cheltenham Festival ITV race in the 15 minutes before the scheduled start time.
  • To be eligible, you must click the ’15 to Go’ button that appears on your betslip before placing your bet.
  • Minimum stake of £5.00.
  • Minimum odds of 2.00 (evens) at the time of bet placement.
  • A minimum of 5 horses must run for this promotion to be valid.
  • If your selected horse wins, Unibet will match your stake as a free bet, up to £20.00.

Qualifying bets

This offer is available on the first five Cheltenham Festival races each day between Tuesday 15th March 2022 and Friday 18th March 2022.

13:30, 14:10, 14:50, 15:30 and 16:10.

I’ll take you through a worked example below, 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.

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 horses you place your qualifying bets on, though you won’t know what odds are available until 15 minutes before the off.

Constitution Hill is co-favourite to win the 13:30 on Tuesday at back odds of 3.25 (9/4). I’ll use lay odds of 3.45 to illustrate how this offer works, and I’ll update the table at the bottom of the post with some selections at the end of each day.

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:

You know that if your horse wins, you’ll be able to convert your £20.00 free bet into 80% cash. Therefore, you can add 0.80 to the back odds to get your effective odds…

3.25 + 0.80 = 4.05

Using my Matched Betting Calculator, you simply enter 4.05 as your back odds instead of 3.25 and lay the amount shown. Overlaying like this is fine, but the fixed profits will likely be small.

Option 2:

Your second option is to lay your bets as usual and hope your horses win for bigger profits.

You can calculate your lay stakes using my Matched Betting Calculator

Select bet type

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 you that your lay stake should be £18.95…

Unibet logo

Place £20.00 on Constitution Hill @ 3.25 = Potential profit of £45.00

Betfair logo

Lay £18.95 on Constitution Hill @ 3.45 = Potential liability of £46.42

Outcomes

Let’s look at your potential profit/loss for the possible outcomes…

OutcomeUnibetBetfairFree BetProfit/Loss
Constitution Hill wins+ £45.00– £46.42+ £16.00£14.58 profit
Another horse wins– £20.00+ £18.57£1.43 loss

So, you’ll make a nice profit of £14.58 if Constitution Hill wins; otherwise, you’ll lose £1.43. Risking £1.43 to make a potential profit of £14.58 gives you effective odds of 11.20. So, given that Constitution Hill is odds of just 3.25 (9/4) to win the race, this is a profitable offer in the long run.

You won’t find a suitable selection for every race, nor should you be aiming to bet on every race. It’s best to be selective, but with 20 races to go at, there’s an overall potential profit of £50.00+ up for grabs on this Unibet offer!

If eligible, free bets will be credited within 2 hours of the weigh-in and valid on horse racing for 7 days. Free bet stakes will not be returned with any winnings.

If you’re unsure how to convert a £20.00 free bet into £16.00 cash (80%), please see my 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…

RaceSelectionBack OddsLay OddsProfit/Loss
13:30 TuesdayConstitution Hill3.003.10£15.10 profit
14:10 TuesdayEdwardstone3.503.80£14.15 profit
14:10 WednesdayL’Homme Presse3.253.50£14.30 profit
16:10 WednesdayDelta Work3.503.85£13.91 profit
13:30 FridayVauban2.6252.72£15.07 profit
14:10 FridayState Man3.754.10£14.03 profit
14:50 FridayGinto3.503.75£1.61 loss
15:30 FridayA Plus Tard3.754.00£14.48 profit
16:10 FridayBillaway2.752.86£14.98 profit

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.

Got a question?
Leave me a comment below

I usually respond within 24 hours.

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.