Bet 365 Grand National Refund

For the £125 refund on the Grand National bets, I can’t see confirmation anywhere of whether your stake is returned on a winning bet, as well as receiving the upfront refund.

I’ve just used the standard calculator to calculate a return, using the current odds for Cloth Cap.

£125 e/w
Back @ 5.5
Lay Win @ 6.6
Lay Place @ 3.4
(2% commission)

So if it wins, it’s saying winnings of £562.50 + £140.63, versus liabilities of £585.08 +£189.15 = ‘qualifying loss’ of £71.20

If I add my £125 refund onto that, then it’s a profit of £53.80.

However, if they only give me half my stake back with my winnings (because they already refunded half of it upfront), then I’m back down at a loss of £71.20.

I don’t want to ask them on Live Chat for fear of triggering a gubbing, so hoping somebody on here can answer!

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micknot2thick
0

April 9, 2021 at 1:24 am

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mm65 7 April 9, 2021 at 9:53 am

The stake money is included in your returns (as in a standard bet), so based on your figures above the winnings would be £687.50 + £265.63. So you will need to recalculate your liabilities to suit,

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Crilly 1 April 9, 2021 at 10:48 am

Hi guys, I really want to exploit this grand national offer but I’ve only got about 100 quid in my betfair account so I’m just wondering what the best approach is to make some guaranteed profit and how much that is likely to be?

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micknot2thick 0 April 9, 2021 at 11:03 am

The calculator just shows the win portion of the back bet, so as long as stake is definitely returned on any wins (as well as the up front refund) then that scenario is a £53 profit. Cheers.

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Pavlon 3 April 9, 2021 at 11:04 am

Sub Lieutenant is an arb right now between Betfair and Bet365. You’ll need a lot of funds in Betfair.

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Pavlon 3 April 9, 2021 at 11:10 am

Crilly, you’re not going to make more than a few quid with just £100 in Betfair. Personally, this is such a good offer, that if I still had my B365 account, I’d just put £125 E/W on a horse they have good odds on and let it run. But I appreciate that’s just gambling, and not why people are here.

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MJH 1 April 9, 2021 at 1:48 pm

I appreciate how much of a good offer this is, but I dont have enough in my bank (at the exchange) to cover the huge liabilities. So what is the the best way to guarantee a smaller profit? Anything £20 and over I will be personally happy with.

I don’t really care that “I could make much more” its still free money and I am mainly unable, but also slightly unwilling to have £500+ liabilities at the exchange. A lot of my money is currently tied up on other things too including the masters.

Do I just throw a few smaller bets on a few horses to get my £20+ profit? Whats the best approach?

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mm65 7 April 9, 2021 at 2:12 pm

Betfair have just opened up their exchange market on each way at terms of 4 places on 1/4 odds, as I said only just opened up so nothing worth laying off on at the moment but will be worth keeping an eye on, especially as the place odds at the moment are not close to Bet 365. It also means that you can lay the bet off in 1 go as opposed to 2 separate bets making it easier to work out the figures. It might even drive down the place odds.

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Crilly 1 April 10, 2021 at 6:29 pm

Has anyone else not been paid out on their losing each way bets? I had the winner but had about 20 quid on other each ways but have had nothing back?

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MJH 1 April 11, 2021 at 2:29 am

Why do you say “losing each way bets”? – I thought the offer was Bet365 refunded half of our each way stakes on the national and it wasn’t conditional. I had mine almost immediately after placing my bets.

I placed £50 worth of e/w bets and got £25 back straight away. I had the winner too and a few losers but it was refunded before the race even started

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Matt
Keymaster
1594 April 12, 2021 at 1:27 pm

Half your stakes should have been refunded instantly @crilly.

Did you place your bets before the 12:00 deadline on Saturday?

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