Bet 365 Grand National offer
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They are yet to announce their Grand National offer but just a reminder to anyone who hasn’t opened a Bet 365 account that you normally have to have created your account in advance of Saturday.
The 365 offer is normally a cash refund of E/W part of all bets up to £125 (so £250 in E/W bets), so definitely worth taking up.
+0April 4, 2018 at 10:51 am
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This was the offer that introduced me to matched betting.
The first year I did it I was so green, I didn’t know about laying bets, value bets or anything, I remember spending about 2 hours working out a little table that equalised my profit if any of the top 10 fancied horses won.
+1Is there a link on how to do this so I can get my head around it 🙄
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https://matchedbettingblog.com/horse-racing/bet365-offer-grand-national-2017/#.WsXq3IjwaUk
Matt does a post about it, which explains all you need to know (the link is last year’s post).
+0By not having the £1200 plus needed to apply the back and lay matched betting approach to this offer, I decided to adopt an equalisation approach similar to that mentioned above by Mr Crispy. I however covered every horse in yesterdays race and came away with £105 profit. To calculate the sizes of my bets, I took the odds of the top 5 horses and worked out how many units of profit a £1 each way bet on each of them would generate. I then set myself a notional minimal total return target of £160 based on the top 5 horses finishing 1st to 5th as per their betting odds. This resulted in me settling on bets of £6 each way on the top 7 horses in the betting. Then working down through the remaining horses I progressively placed each way bets of £4, £3, £2, £1.50 and £1 on groups of horses, working down through the betting odds. This meant that those horses with odds of 101 had bets of only £1 each way applied to them. If they won the return would have been £101 for the win, £25 for the place and there would then be another 4 placed horses returns to add on to bring the total return to £160 plus. My total outlay on the bet was £125. As non runners were declared, I used their bet money to top up any existing bets that were struggling to provide good returns. I would consider using this approach again in the future.
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Nice result Gilbs!
I would be a little careful about backing the whole field though in future though..
I haven’t read the terms but they normally have a clause about abusing the bonus by guaranteeing profit from them… I know people did the same with the £50 football offer (backing say over 2.5 pre match and then under 2.5 in play) and got away with it but personally, I wouldn’t want to risk it..
An easy way round it if you want to use that method next year would be to back 4 or 5 of the longer odds horses with another bookie instead, that way you wouldn’t be guaranteeing profit from Bet365!
+0Fair point Mr Crispy, but I used a similar approach last year without any problems. Last year I made about £40 profit but that was based on equal stakes across the entire field. This year I thought that by loading the lower priced more favoured runners, I would have a chance of better returns which proved to be the case. Pity that Pleasant Company failed to win. That would have added another £20 to my winnings.
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