Cheltenham Festival 2017 gets underway on Tuesday and you don’t want to miss this William Hill offer! Simply place a bet on any Cheltenham race and earn bonuses and free bet refunds if the race is won by 5 or more lengths. Translated into matched betting terms, this gives us a potential profit of £100.00+ and here’s how…
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.
Only bets placed from 00:01 on Thursday 9th March 2017 onwards, will be eligible for this offer and 6 or more runners must race.
If a horse wins the race by 5 or more lengths, we’ll get a 25% bonus (up to £100.00) on winnings if we back the winner, otherwise we’ll get our money back (up to £25.00). Bonuses and refunds will be paid as free bets.
The Higher 5 promotion is available on the first race each day as follows…
|Tuesday||1.30||Supreme Novices’ Hurdle|
|Wednesday||1.30||Neptune Novices’ Hurdle|
|Thursday||1.30||JLT Novices’ Chase|
If a horse wins the race by 5 or more lengths, we’ll get a 25% bonus (up to £100.00) on winnings if we back the winner or we’ll get our money back (up to £25.00) if our horse finishes second. Bonuses and refunds will be paid as free bets.
The High 5 promotion is available on the remaining races as follows…
|Tuesday||2.50||Ultima Handicap Chase|
|Tuesday||4.50||National Hunt Chase|
|Tuesday||5.30||Close Brothers Novices’ Chase|
|Wednesday||4.10||Cross Country Chase|
|Wednesday||4.50||Fred Winter Juvenile Novices’ Hurdle|
|Thursday||4.10||Brown Advisory Plate|
|Thursday||4.50||Mares Novices’ Hurdle|
|Thursday||5.30||Kim Muir Handicap Chase|
|Friday||2.50||Albert Bartlett Novices’ Hurdle|
|Friday||3.30||Cheltenham Gold Cup|
|Friday||4.50||Martin Pipe Handicap Hurdle|
It’s entirely up to you how much you stake and on which horses. I’ll be sticking to stakes of £25.00 will only be getting involved if I can find some selections with tight back and lay odds.
The back and lay odds should tighten up as the start of the races draw nearer. In the meantime, I’ll use fictional odds for the Supreme Novices’ Hurdle in the following example to illustrate how this offer should be done each day.
I like to place my exchange lay bets with Smarkets as they have great liquidity in the run up to races, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges. Remember, we pay 0% commission on the first race each day with Smarkets!
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £23.94…
Place £25.00 on Ballyandy @ 4.50 = Potential profit of £87.50
Lay £23.94 on Ballyandy @ 4.70 = Potential liability of £88.57
Let’s have a look at our potential profit/loss for the possible outcomes…
|Ballyandy wins by less than 5 lengths||+ £87.50 – £88.57 = £1.07 loss|
|Ballyandy wins by 5 or more lengths||+ £87.50 – £88.57 + £17.50 (extract 80% from £21.88 free bet bonus) = £16.43 profit|
|Ballyandy loses and the race is won by 5 or more lengths||-£25.00 + £23.94 + £20.00 (extract 80% from £25.00 free bet refund) = £18.94 profit|
|Ballyandy loses and the race isn’t won by 5 or more lengths||– £25.00 + £23.94 = £1.06 loss|
So, if Ballyandy wins by 5 or more lengths, we’ll make a profit of £16.43 or if Ballyandy loses and the race is won by 5 or more lengths, we’ll make a profit of £18.94. Any other outcome and we’ll have made a maximum loss of £1.07. Risking £1.07 to make a profit of £18.94, gives us effective odds of 18.70, which I’m sure you’ll agree makes this a profitable offer in the long run.
With four days of racing to look forward to, this gives us an overall potential profit of £100.00+ on this William Hill Cheltenham 2017 offer!
If eligible, free bets will be credited by midday the following day. If you’re unsure how to extract 80% cash from a £25.00 free bet, please see my Free Bet Strategy page for a walk-through guide on how it should be done.
I’ll update the following table with my actual selections at the end of each day…
|Race||Selection||Back Odds||Lay Odds||Profit/Loss|
|1:30 Tuesday||Bunk Off Early||8.00||8.20||– £0.61|
|4.10 Tuesday||Vroum Vroum Mag||4.333||4.30||– £0.20|
|4.50 Tuesday||Genie In A Bottle||5.50||5.50||– £0.42|
|2.10 Wednesday||Bellshill||7.50||7.60||– £0.76|
|4.10 Wednesday||Cause Of Causes||5.00||5.20||+ £18.66|
|1.30 Thursday||Yorkhill||2.50||2.64||– £1.31|
|2.50 Thursday||Un De Sceaux||2.75||2.84||– £1.10|
|1.30 Friday||Charli Parcs||5.00||5.30||+ £18.58|
|2.10 Friday||North Hill Harvey||9.00||9.20||– £0.99|
|4.10 Friday||On The Fringe||2.375||2.48||– £1.35|
|5.30 Friday||Theinval||13.00||13.00||– £0.47|
* As you can see, I made an overall profit of £30.03 on this William Hill Cheltenham 2017 offer. *
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Matt Kirman – Matched 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.