The Yorkshire Ebor Festival 2019 gets underway on Wednesday and you don’t want to miss this Bet365 offer! Simply back a winner at 4/1 or more in any live ITV race and Bet365 will give us a risk-free bet equal to our stake, up to a maximum of £50.00. Translated into matched betting terms, this gives us an overall potential profit of £100.00+ and here’s how…
Key Terms:
- Offer applies to first win or each way single bet placed on each race shown live on ITV.
- If our horse wins, we’ll qualify for a risk-free bet to the same stake, up to £50.00, on the next ITV race.
- Risk-free bets must be placed using our own funds and if it loses, Bet365 will refund our stake in cash.
Qualifying Bets:
This offer is available on the 13:55, 14:25, 15:00 and 15:35 each day of the Yorkshire Ebor Festival 2019, which runs from Wednesday 21st August 2019 to Saturday 24th August 2019.
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.
We have the option to overlay our bets for a small guaranteed profit. We can simply add 0.75 to our back odds when entering them into the calculator as we would expect to extract 75% cash from a risk-free bet, should our horse win.
The guaranteed profits are a little on the small side though, so it may be best to just lay our bets normally and hope a couple of our horses win.
The back and lay odds should tighten up as the start of each race draws nearer. In the meantime though, I’ll use fictional lay odds for Dakota Gold in the 13:55 at York on Wednesday to illustrate how this offer should be done. I’ll update the table at the bottom of the post with some actual selections at the end of each day.
At the time of writing, laying our bet at Smarkets is likely to give us the smallest qualifying loss.
We can calculate our stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £48.54…
Place £50.00 on Dakota Gold @ 6.00 = Potential profit of £250.00
Lay £48.54 on Dakota Gold @ 6.20 = Potential liability of £252.40
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
Outcome | Bookie | Exchange | Extracted | Profit/Loss |
---|---|---|---|---|
Dakota Gold wins | +£250.00 | -£252.40 | +£37.50 | £35.10 profit |
Dakota Gold doesn’t win | -£50.00 | +£47.56 | £2.44 loss |
So, we’ll make a nice profit of £35.10 if Dakota Gold wins, otherwise we’ll lose £2.44. Risking £2.44 to make a profit of £35.10 gives us effective odds of 15.39. So, given that Dakota Gold is odds of just 6.00 (5/1) to win the race, this is a profitable offer in the long run.
This offer is available on 16 races across the four days of the Yorkshire Ebor Festival 2019, giving us an overall potential profit of £100.00+ on this Bet365 offer!
If any of our selections win, our risk-free bet will be valid on the very next ITV race. We must place our risk-free bets using our own funds and if our selection loses, Bet365 will refund our stake in cash, up to a maximum of £50.00. If our risk-free bet wins, we’ll qualify for another risk-free bet on the next ITV race.
If you’re unsure how to extract £37.50 cash (75%) from a £50.00 risk-free bet, check out my Risk-Free Bet Strategy page for a walk-through guide on how it should be done.
I’ll update the following table with some actual selections at the end of each day…
Race | Selection | Back Odds | Lay Odds | Profit/Loss |
---|---|---|---|---|
14:25 Wednesday | Kingbrook | 9.50 | 9.60 | -£1.42 |
15:35 Wednesday | Japan | 7.50 | 7.80 | -£2.76 |
13:55 Thursday | Under The Stars | 6.00 | 6.60 | +£37.23 * |
13:50 Saturday | Bangkok | 8.00 | 8.20 | -£2.08 |
Total: | +£30.97 |
Note: ITV are also covering the 14:05 and 14:40 at Goodwood on Saturday 24th August 2019.
* Japan won the 15:35 on Wednesday, resulting in a profit of £37.23 on the next race (13:55 Thursday). *
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Kenny rogers 777
Guest userQuite confused with this. Id already backed persuasion in another bet with these so gone for that and less money from the risk free cos of the low odds.(caution against gubbing)
Why is it 37.50 for the cashback box when we will get 50 back. And if persuasion wins do i get another risk free bet because it is under 4/1
Kennyrogers777
Guest userHow long do they normally take to refund the risk free bet
Matt
1490The refunds are usually credited pretty swiftly.
Bob
Guest userHi guys, I’m hoping someone can confirm I’ve done this right. I backed and laid £35 on the winner at 15:35 york.
I’ve changed the calculator above to risk free, ticked stake returned and inputted the odds ive chosed at the 4:15 race 9back/10lay.
Have I done all this correct? Thanks!
Bob
Guest userI might have done this wrong, hopefully I’ve not lost too much.
Fordy
44Risk Free Calculator and put how much you will have returned if the bet loses (your stake £35).
Bob
Guest userI definitely picked free bet with stake returned. Odds were £35 at 9 and i laid £31.56 at 10, did i end up losing money because of my own stupidity?
Fordy
44In the cashback section of the calculator…
Charles H
Guest userWhy is this done as a normal qualifying bet on the calculator instead of a risk-free bet where you can be guaranteed £20+ whatever the outcome?
Bob
Guest userI’m not even sure if the 4:15 was the right race, I thought it might have reverted to the 13:55 tomorrow for the risk free. Lesson learnt
Matt
1490As you discovered Bob, the offer only applies to races shown live on ITV.
So, because the 15:35 was the last race of the day covered by ITV, your risk-free bet applied to the 13:55 the next day.
Fordy
44It’s the wrong calculator to use as it will calculate the £35 as being a free bet, so the amount you win in the bookie cloumn will be false (£315 should read £280).
Bob
Guest userI understand i chose the wrong calculator. Just not sure If i ended up winning or losing money after that because i chose the wrong one.
Fordy
44Did the horse win?
Bob
Guest userThe race I thought was risk free didn’t, thankfully I only lost £3.50 though as explained by marv. Live and learn 🙂
Marv
Guest userDon’t worry Bob. We’ve all made mistakes and probably much more expensive ones in some cases.
As you ticked the “stake returned” box, the calculation will effectively be the same as if it had been a qualifying bet. Therefore you’ve only lost £3.50 and you still have a £35 risk free bet to use on the 13:55 tomorrow.
Bob
Guest userAh that makes sense, thanks for explaining Marv, I thought i’d messed it up alot more, I can live with that and like you said there’s still the 13:55 tomorrow. thanks!
Kenny rogers 777
Guest userI put 37.50 based on a 50 pound bet like the guide tells you to. 75 percent of 50
Kenny rogers
Guest userIs there any point in doing this on the 3pm race tomorrow if you win its the enable race and only 4 horses in it.
Matt
1490As a rule, I would say the amount of runners and odds of the favourite are irrelevant.
If you can get a nice tight match on any horse between 5.00 (4/1) and 8.00 (7/1), it’s worth a go.
Marv
Guest userHi Kenny, the £37.50 is a guide as to roughly how much you should expect to make from a £50 risk free bet. With this offer, the amount you enter in the “Cashback” section of the risk free bet calculator should be the same as whatever you have staked (as you receive 100% of your stake back if your horse loses). To answer your other question, if Persuasion had won, you would not have qualified for another risk free bet as the horse didn’t meet the minimum 4/1 (5.0) requirement.
Simon
Guest userIm confused with how this offer can be risk-free where you can be guaranteed £20+ whatever the outcome? on the risk free calculator is showing £38 profit either way at 6B / 6.2L – As only triggered if the horse wins how does it make it profit risk free bet on the exchange?
Matt
1490You can add 0.75 to the back odds Simon if you wish, which will account for the 75% cash you can expect to extract from the risk-free bet if your horse wins.
That method can lock in a guaranteed profit of around £5.00 with close odds.
Joel
Guest userHi do you usually place back and lay bets at the same time or is it a better strategy to place an early back bet and let the odds reduce to match this more closely just before the start fo the event?
Bob
Guest userYou can do either but there’s no guarantee the odds will match more closely if you wait until closer, they’re just as likely to go the opposite way.
Kenny rogers 777
Guest userCan go either way the odds. Ive backed early and the odds tighten in my favour sometimes below the back odds.
Ive also had a risk free i backed early go from 14 lay to 19. The back odds went to 14 because of best price guarantee, but it was 12 back and 14 lay when i decided to wait for closer odds.
If youd backed mums tipple at 5 or 6s this morning that dropped to at least 4.7 just before
Timmy
Guest userIf I cash out a bet and then bet on a different horse instead pre-race would this still give me a risk-free bet if it won?
Terms state “first bet” but I’m wonder if cashing out means that my next bet is technically my “first” bet given that I have no other active bets on the race?
Thanks in advance