Betfair exchange 100% refund up to £100

Hi guys,

Anyone get this offer through in a text message? Any ideas how best to use it?!

Thanks a lot

Petor

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petor
0

June 3, 2017 at 12:19 pm

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Matt
Keymaster
1607 June 3, 2017 at 2:19 pm

Place a back bet on the Betfair Exchange and lay it at Smarkets.

Use the risk-free setting on my calculator and make sure you include the 5% commission for your back bet at Betfair.

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lewi6079 4 June 3, 2017 at 2:39 pm

Bear in mind that any other back/lay bets at betfair will affect how much you win/lose over course of qualifying period. Also, if for example, your bet were to win at betfair you could place a second (or third) to lose both your winnings from the first bet and an additional £100 to take advantage twice. Your float will need to be fairly large though!

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rjw 0 June 3, 2017 at 3:21 pm

I too have received the offer, it seems like a great offer, just want to make sure I’ve understood it correctly before placing the bets.

1) Place a back bet on befair exchange for £100 at high’ish odds, lets say 10.5 for example.

2) On the risk free calculator I would then use 100 as the “cashback” amount? (Is this correct? Checked the t&c’s for the offer and saw no mention of refund as free bet so assuming it is as cash?).

3) lay on smarkets at odds of 11

Expected profit –

If back (bookie) bet wins
902.50
821.90
0.00
= £ 80.60

If lay (exchange) bet wins
100.00
80.54
100.00
= £ 80.54

Total profit: 80.54

Seems to easy, just looking for a thumbs up from someone who has been doing this longer than me 🙂

Cheers

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petor 0 June 3, 2017 at 4:04 pm

Thanks all.

Rjw that looks fine, I did the same.I called them and they said that it’s as cash, so happy days!

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unowhatimeanharry
Blocked
3 June 3, 2017 at 4:13 pm

My max refund is 10 quid lol

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