Question about this Bet365 Each Way offer
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I’ve been avidly following all the posts about it but don’t have 1000s in my Exchange and don’t really want to transfer out of my savings account just to make £50.
My understanding of the offer is that Bet365 will refund half your stake immediately you put it on? So if you put £10 each way on a horse, you get £10 back immediately?
So in that case, couldn’t you just lay the win stake and use the each way part of the stake as a risk free bet? Surely the outcome would be that either you would make nothing at all, or you might make a profit?
If so, that’s what I’m going to go ahead and do…..
+0April 9, 2016 at 9:24 am
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Yes thats correct mate, so what I would do is scroll through the odds comparing the win odds & place odds. Then start with the highest odds…for a £25e/w (based on mine being £125 e/w on a 19/1 horse liability of £2700ish) I assume your liability would be roughly 1/5th of that so around £540. Use the calculator on the other thread, and then work through horses with lower odds..you will never need more than £540 liability!
+0Right, I’m ready to place my bets and believe what I have proposed will work:
I’m going to go with this:
Place 5 x £25 bets (£50 each way) on five different horses.
Taking into consideration I will outlay £250 of bets but will be refunded £125, and also that I only wish to lay off the ‘win’ aspect of each horse, should my lay stakes be £25, or £50?
I was going to enter £25 on the calculator as this is effectively just the win part of my bet, right?Apologies if I’ve asked a similar question beforehand. The way I see it is that I’m getting £250 worth of bets for just £125 so only need to ‘protect’ the £125.
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Oh LOL, I had thought it applied to ANY of the Aintree races. Oh dear. I finally get it now.
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Daz don’t enter £25 in the calculator…USE the calculator on the other b365 thread this will work it all out for you and will guarantee you around £70 or so…
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You put 25 in the calculator to figure out the lay for the win.
If you don’t lay the place you will have a small qualifying loss 15-20£ but free shot at the places – so if all your 5 horses place then you will presumably doing quite well!
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You’d expect maybe at least one to place if you did all 5 favourites but you just never know…so its up to you if you want to bank the £50-£70 profit or take a £20 loss and hope for a place or two…
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But he only wishes to lay the win. So doesn’t need to use the other calculator.
I’ve done the same to be honest.
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Thing is this…I was going to quite happily just follow Matt’s example as I was clear on how to do this. Then I started reading things about putting £250 might raise suspicions to B365 and that I might get gubbed for doing it, whereas placing multiple bets looks so much more like I’m mug betting. I have used B365 for years and always mug bet. I’ve only just started doing matched betting so hopefully they can see I’ve done 100’s of doubles/trebles etc.
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I thought we were talking thousands for some reason. £500 is reasonable
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So when does Bet365 cough up the refund of half the stake?
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Straight away.
+0Forgive me for being dense here but 365 definitely credit your refund straight after you place the bets? I’ve done mine buy didn’t notice if i got it or not. Too much money in there and I won’t have worked all my bets out until tonight after the madness but my bets are all on and have been since yesterday.
If they credit refund straight away and tour horse ends up being a non runner what happens to that refund?
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Mark. They say within 2 hours but I definitely had mine within 2 seconds.
It means you only need about 150 in bet365 account and 500/600 in exchange account to get on this offer for the full refund.
No excuse for not doing it.
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No refund for me yet.
+0FoG-BloG – When did you place your bets?
I just done all of mine but no refund yet. It should be there within a couple of hours…or at least I hope so. I had the e-mail advertising the offer in my inbox so won’t worry about it.
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