Virgin Bet – Ballymore Novices’ Hurdle 2023 Offer

Cheltenham Festival 2023 continues on Wednesday with the Ballymore Novices’ Hurdle, and you don’t want to miss this Virgin Bet offer! Place a bet on the 13:30 Cheltenham, and if your horse loses, Virgin Bet will refund your stake as a free bet up to £10.00. Translated into matched betting terms, this gives us a profit of £5.58 and here’s how…

Key terms

  • Applies to single bets on the 13:30 Cheltenham (Wednesday 15th March 2023).
  • Applies to pre-race bets of up to £10.00.
  • Your stake will be refunded as a free bet if your horse loses.
  • If eligible, your free bet will be credited within 2 hours of your qualifying bet settling.
  • The free bet will be valid on any sport for 7 days.
  • The free bet stake will not be returned with any winnings.

Qualifying bet

If your bet loses, your stake will be refunded as a free bet, so you can treat this as a ‘Money Back if Bet Loses‘ offer.

It’s best to select a horse with long odds to maximise profit.

At the time of writing, ‘Hermes Allen‘ is available at back odds of 5.50 (9/2) and lay odds of 6.20.

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 work out your lay stake using the ‘Money Back if Bet Loses‘ setting on my Matched Betting Calculator. You can enter ‘£8.00‘ as your ‘Cashback’ figure as this is the amount you can expect to convert your £10.00 free bet into, should your bet lose.

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 us that your lay stake should be £7.58.

Virgin Bet logo

Place £10.00 on ‘Hermes Allen’ @ 5.50 = Potential profit of £45.00

Smarkets logo

Lay £7.58 on ‘Hermes Allen’ @ 6.20 = Potential liability of £39.41

Outcomes

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

OutcomeVirgin BetSmarketsFree BetProfit/Loss
Hermes Allen wins+ £45.00– £39.41£5.59 profit
Another horse wins– £10.00+ £7.58+ £8.00£5.58 profit

So, no matter the outcome, you’ll make a minimum profit of £5.58 on this Virgin Bet offer!

If your qualifying bet loses, your free bet will be credited within 2 hours of settlement. Your free bet will be valid on any sport for 7 days, and the free bet stake will not be returned with any winnings.

If you’re unsure how to convert a free bet into 80% cash, please see my ‘Free Bets Guide‘ for a walkthrough.

Don’t miss out on one of the most profitable weeks of the matched betting calendar! Please see my ‘Cheltenham Festival 2023 Offers‘ page for a comprehensive list of available bookmaker offers.

* Impaire Et Passe won the race, resulting in a £5.58 profit on this Virgin Bet 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.