It’s the Welsh Grand National 2019 on Friday and The Pools are getting in on the action! Simply place a £20.00+ bet on the 14:50 at Chepstow and The Pools will give us a £5.00 free bet if the winner’s SP is 10/1 or less. Translated into matched betting terms, this gives us a potential profit of £3.70 and here’s how…
Key Terms:
- The minimum stake to qualify is £20.00.
- We must place our bet at odds of 2.00 (evens) or greater.
- Qualifying bets must be placed and settled on Friday 27th December 2019.
- Get a £5.00 free bet if the winner’s starting price (SP) is 10/1 or less.
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
It’s entirely up to you which horse you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Elegant Escape.
At the time of writing, laying our bet at Betfair gives us the smallest qualifying loss.
Betfair are currently running a great sign up offer where you pay 0% commission up to £500 for the first 30 days…
If you already have a Betfair account, you can opt to pay just 2% commission by selecting the Basic package.
We can calculate our lay stakes using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £20.10…
Place £20.00 on Elegant Escape @ 4.00 = Potential profit of £60.00
Lay £20.10 on Elegant Escape @ 4.00 = Potential liability of £60.30
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Profit/Loss |
|---|---|---|---|
| Elegant Escape wins | +£60.00 | -£60.30 | £0.30 loss |
| Elegant Escape doesn’t win | -£20.00 | +£19.69 | £0.31 loss |
So, regardless of the outcome, we’ll lose a maximum of £0.31 in qualifying for our potential £5.00 free bet.
Free Bet:
We’ll receive a £5.00 free bet if the winner’s SP is 10/1 or less. Free bets will be credited by 12:00 the day after settlement of our qualifying bet and will be valid for 7 days. Free bet stakes will not be included with any returns.
By using straightforward matched betting, we should be able to extract 80% cash from our £5.00 free bet, so £4.00. If we take into account our minimum qualifying loss of £0.30, this gives us a potential profit of £3.70 on this The Pools offer!
* Potters Corner won the race at SP odds of 8/1, resulting in a profit of £3.69 on this The Pools offer. *
More reload offers – Make £300+ per month
With detailed walkthroughs for all the best offers as they’re released, you’ll be bagging recurring profits in no time.
More reload offers
Got a question?
Leave me a comment below…
I usually respond within 24 hours.
Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.