£50.00+
Potential Profit
£-4.33
Actual Profit

Yorkshire Ebor Festival 2020 Offer – Unibet


Posted by Matt (administrator) Matt
Start Time: 19/08/2020 13:45

The Yorkshire Ebor Festival 2020 gets underway on Wednesday and you don’t want to miss this Unibet Back a Winner offer! Simply bet on the first ITV race each day in the 15 minutes before the scheduled start time and if we back the winner, Unibet will match our stake with a free bet, up to £20.00. Translated into matched betting terms, this gives us a potential profit of £100.00+ and here’s how…

Key Terms:

  • Minimum stake of £5.00.
  • Qualifying bets must be placed on the selected races in the 15 minutes before the scheduled start time.
  • Qualifying bets must be placed at odds of 2.00 (evens) or greater.
  • To be eligible, we must click the ’15 to Go’ button that appears on the betslip after entering our stake.
  • If our selected horse wins, Unibet will match our stake as a free bet, up to £20.00.

Qualifying Bets:

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.

This offer is available on the first ITV race each day between Wednesday 19th August 2020 and Saturday 22nd August 2020.

It’s entirely up to you which horses you place your qualifying bets on.

We won’t know what odds are available until 15 minutes before the off, so I’ll use fictional odds for Jawwaal (7/2) in the 13:45 at York on Wednesday and I’ll update the table at the bottom of this post with some actual selections after the races.

At the time of writing, laying our bet at Betfair is likely to give us the smallest qualifying loss.

Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.

Banner showing the zero commission sign up offer from Betfair

Banner showing the zero commission sign up offer from Betfair

If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.

For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.

Option 1: Overlay

We know that if our horse wins, we’ll be able to extract 80% cash from the £20.00 free bet. We can therefore add 0.80 to the back odds to get our effective odds…

4.50 + 0.80 = 5.30

We simply enter 5.30 as our back odds instead of 4.50 and lay the amount shown on the calculator. Overlaying like this is fine, but the guaranteed profits are likely to be small.

Option 2: Standard lay

Our second option is to lay our bets as normal and hope some of our horses win for bigger profits.

We can calculate our stake using my matched betting calculator…

Select bet type

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £

Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £19.23…

Unibet logo

Place £20.00 on Jawwaal @ 4.50 = Potential profit of £70.00

Betfair logo

Lay £19.23 on Jawwaal @ 4.70 = Potential liability of £71.15

Outcomes:

Let’s have a look at our potential profit/loss for the possible outcomes…

Outcome Bookie Exchange Extracted Profit/Loss
Jawwaal wins +£70.00 -£71.15 +£16.00 £14.85 profit
Jawwaal doesn't win -£20.00 +£18.84 £1.16 loss

So, we’ll make a nice profit of £14.85 if Jawwaal wins, otherwise we’ll lose £1.16. Risking £1.16 to make a profit of £14.85 gives us effective odds of 13.80. So, given that Jawwaal is odds of just 4.50 (7/2) to win the race, this is a profitable offer in the long run.

The Yorkshire Ebor Festival 2020 runs for four days, giving us an overall potential profit of £50.00+ on this Unibet offer!

If eligible, free bets will be credited within 2 hours of the weigh-in and will be valid on racing markets for 7 days. Free bet stakes are not included in any returns.

If you’re unsure how to extract £16.00 cash (80%) from the £20.00 free bets, check out my 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 after the races…

Race Selection Back Odds Lay Odds Profit/Loss
13:45 Thursday Sacred 2.875 3.05 -£1.40
13:45 Friday Zabeel Champions 2.375 2.52 -£1.38
13:50 Saturday Lord Glitters 4.50 4.80 -£1.55

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