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Virgin Bet – Free Bet Offer (14:20 Leopardstown)

It’s a big day of racing at Leopardstown on Thursday, and you don’t want to miss this Virgin Bet free bet offer! Place a £10.00+ bet on the 14:20 Leopardstown, and get a £10.00 free bet on the Cheltenham Festival 2023. Translated into matched betting terms, this gives you a profit of £7.84, and here’s how…

Key terms

  • Applies to single bets on the 14:20 Leopardstown (Thursday 29th December 2022).
  • Minimum stake of £10.00 in one bet (2 x £5.00 bets will not count).
  • Minimum odds of 1.50 (1/2).
  • Your £10.00 free bet will be offered via a pop-up notification within 1 hour of placing your qualifying bet.
  • You must accept the free bet before 23:59 on Saturday 31st December 2022.
  • The free bet will be valid on Cheltenham Festival ante-post markets until Tuesday 31st January 2023.
  • The free bet stake will not be returned with any winnings.

Qualifying bet

Please see my ‘Qualifying Bets Guide‘ if you’d like more information about them and how they work.

It’s entirely up to you what you place your qualifying bet on.

At the time of writing, ‘Vauban‘ is available at back odds of 4.333 (10/3). The lay odds are 4.40.

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.

  • 2% commission for all new signups
  • 0% commission for 60 days

You can calculate your lay stake using my Matched Betting Calculator.

Select bet type

Back Bet (Bookie)

Advanced
%

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 £9.85.

Virgin Bet logo

Place £10.00 on ‘Vauban’ @ 4.333 = Potential profit of £33.33

Smarkets logo

Lay £9.85 on ‘Vauban’ @ 4.40 = Potential liability of £33.49

Outcomes

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

OutcomeVirgin BetSmarketsProfit/Loss
Vauban wins+ £33.33– £33.49£0.16 loss
Another horse wins– £10.00+ £9.85£0.15 loss

So, no matter the outcome, you’ll lose a maximum of £0.16 in qualifying for your £10.00 free bet.

Free bet

Your £10.00 free bet will be offered via a pop-up notification within 1 hour of placing your qualifying bet. You must accept the free bet before 23:59 on Saturday 31st December 2022.

The free bet will be valid on Cheltenham Festival 2023 ante-post markets until Tuesday 31st January 2023. The free bet stake will not be returned with any winnings.

Using straightforward matched betting, you should convert your free bet into 80% cash, so £8.00. Considering your maximum qualifying loss of £0.16 gives you a profit of £7.84 on this Virgin Bet offer!

* State Man won the race, resulting in a £7.85 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.