Unibet Cheltenham Offer – Day 1

Unibet have launched a cracker of a Cheltenham offer!  First of all, we must accept the offer in the bonus section of our Unibet accounts.  Then simply place a bet of £10.00 on Day 1 of the Festival and if it loses, Unibet will refund our stake as a bonus.  Translated into matched betting terms, this gives us a guaranteed minimum profit of £6.06 and here’s how…

Qualifying Bet:

If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walkthrough guide on how it should be done.

For this particular Cheltenham offer, we need to select a horse with fairly long odds.  Having looked at the odds on offer, I’ve opted to place my qualifying bet on Three Kingdoms who is running in The Arkle Chase on Day 1 at 14:05.

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

So as things stand we will make £6.66 profit if Three Kingdoms doesn’t win and a loss of £1.36 if he does win.  It’s not often that we are able to do this but by placing a further back bet on Three Kingdoms, we can guarantee ourselves a profit on any outcome…

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

So regardless of the result of The Arkle Chase, we will make a guaranteed minimum profit of £6.06!

Unlike a lot of offers where you would receive your refund as a free bet (stake not returned), Unibet like to refund as a bonus.  You can treat this the same way as cash but it has a 3x rollover, so £30.00 at minimum odds of 1.40.  By using straightforward matched betting, we should easily be able to extract 80% of the bonus as cash, so £8.00.