There’s a big day of horse racing at Sandown today and you don’t want to miss this William Hill offer! Bet £20.00+ on the Imperial Cup (3.10 at Sandown) today and William Hill will give us a £10.00 free bet to use on the Supreme Novices’ Hurdle (1.30 at Cheltenham on Tuesday). Translated into matched betting terms, this gives us a guaranteed profit of £6.25 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
To be eligible for the free bet, we must place a Single £20.00+ bet at odds of 1.50 (1/2) or greater on the 3.10 at Sandown today (Saturday 12th March 2016).
Having looked at the odds available, I’ve opted to place my qualifying bet on For Good Measure.
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.
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 £18.62…
Place £20.00 on For Good Measure @ 6.50 = Potential profit of £110.00
Lay £18.62 on For Good Measure @ 7.00 = Potential liability of £111.75
Let’s have a look at our potential profit/loss for the possible outcomes…
| For Good Measure wins | + £110.00 – £111.75 = £1.75 loss |
| For Good Measure doesn’t win | – £20.00 + £18.25 = £1.75 loss |
So regardless of the result of the race, we will lose £1.75 in qualifying for our £10.00 free bet.
Free Bet:
Our £10.00 free bet will be credited by 12:00 on Tuesday 15th March 2016 and it must be used to bet on the Supreme Novices’ Hurdle, which gets underway at 13:30.
By using straightforward matched betting, we should be able to extract 80% of our £10.00 free bet as cash, so around £8.00. If we take into account our qualifying loss of £1.75, this gives us a guaranteed profit of £6.25 on this William Hill 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.