It’s a big day of racing at Leopardstown on Saturday, and you don’t want to miss this Virgin Bet offer! Place a bet on the 13:20 Leopardstown, 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 £5.83 and here’s how…
Key terms
- Applies to single bets on the 13:20 Leopardstown (Saturday 4th February 2023).
- Applies to bets of up to £10.00.
- Minimum odds of 2.00 (evens).
- If your horse loses, your stake will be refunded as a free bet up to £10.00.
- If eligible, your free bet will be credited within 24 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, ‘Weveallbeencaught‘ is available at back odds of 5.50 (9/2) and lay odds of 6.00.
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.
- Bet £10, Get £50 in free bets
- 0% commission for 60 days.
- Extend for 30 days via MBB at any time.
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.
As you can see, the calculator tells us that your lay stake should be £7.83.
Place £10.00 on ‘Weveallbeencaught’ @ 5.50 = Potential profit of £45.00
Lay £7.83 on ‘Weveallbeencaught’ @ 6.00 = Potential liability of £39.15
Outcomes
Let’s look at your profit/loss for the possible outcomes.
| Outcome | Virgin Bet | Smarkets | Free Bet | Profit/Loss |
|---|---|---|---|---|
| Weveallbeencaught wins | + £45.00 | – £39.15 | £5.85 profit | |
| Another horse wins | – £10.00 | + £7.83 | + £8.00 | £5.83 profit |
So, no matter the outcome, you’ll make a minimum profit of £5.83 on this Virgin Bet offer!
If your qualifying bet loses, your free bet will be credited within 24 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.
* Good Land won the race, resulting in a £5.83 profit on this Virgin Bet offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.