There’s a big day of racing at Ascot on Saturday, and you don’t want to miss this Virgin Bet offer! Place a bet on the 14:40 Ascot and get your money back as a free bet up to £10.00 if your horse finishes 2nd or 3rd. Translated into matched betting terms, this gives you a potential profit of £7.32 and here’s how…
Key terms
- Applies to bets placed on the 14:40 Ascot (Saturday 15th October 2022).
- Applies to your first bet only.
- Money back as a free bet up to £10 if your horse finishes 2nd or 3rd.
- If eligible, your free bet will be credited within 24 hours of your qualifying bet being settled.
- The free bet will be valid for 7 days.
- 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 which horse you go for, but it would make sense to select a horse with relatively short odds in the hope of a 2nd or 3rd place finish.
At the time of writing, ‘Emily Upjohn‘ is available at back odds of 5.50 (9/2) and lay odds of 5.80.
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 calculate your lay stake using my Matched Betting Calculator.
As you can see, the calculator tells you that your lay stake should be £9.52.
Place £10.00 on ‘Emily Upjohn’ @ 5.50 = Potential profit of £45.00
Lay £9.52 on ‘Emily Upjohn’ @ 5.80 = Potential liability of £45.69
Outcomes
Let’s look at your profit/loss for the possible outcomes.
| Outcome | Virgin Bet | Betfair | Free Bet | Profit/Loss |
|---|---|---|---|---|
| Emily Upjohn wins | + £45.00 | – £45.69 | £0.69 loss | |
| Emily Upjohn finishes 2nd or 3rd | – £10.00 | + £9.32 | + £8.00 | £7.32 profit |
| Any other outcome | – £10.00 | + £9.32 | £0.68 loss |
So, you’ll make a nice profit of £7.32 if Emily Upjohn finishes 2nd or 3rd. Any other outcome, and you’ll lose a maximum of £0.69. Risking £0.69 to make a potential profit of £7.32 gives you effective odds of 11.61, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If eligible, your free bet will be credited within 24 hours of your qualifying bet being settled and valid for 7 days. The free bet stake will not be returned with any winnings.
Please see my ‘Free Bets Guide‘ if you’re unsure how to convert your £10.00 free bet into £8.00 cash (80%).
* Emily Upjohn won the race, resulting in a £0.69 loss on this Virgin Bet offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.