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Sky Bet- Cheltenham Offer help

Hi everyone,
I’ve done a few “free bet” sign up offers, so am not totally new to the game. But I have never done anything at Cheltenham..

I want to try the Sky Bet offer for Cheltenham, but just wanted to confirm- this is not a guaranteed profit like the “free bets”?

Given it is “money back if you lose (only)”, do people just try to find tight lay odds for racers that are likely to lose (i.e. very low probability of winning according to skybet) so they definitely get the money back?

Thanks!

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Jonny1
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March 12, 2017 at 10:39 am

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beesty2016 3 March 12, 2017 at 11:16 am

Hi Jonny loads of ways you can play it but the most simple way is to look for something at longer odds and go for it. Below is an example.

Back Jonny1 @ 10/1 (11) for £20 quid. Return is £200 profit if it wins.

Lay Jonny 1 @ 11 on smarkets for £18. Liability is £180 if it wins.

Horse wins I am £20 up. Horse loses I am -£2 but have a £20 free bet which should be extracted into £16+ @80%. I would be disappointed not go get a guarnteed £15 out of this offer over the 4 days.

Coupled with Betways offer on the first and last race there should be an easy £120 there for the weeks profits.

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sleepless 8 March 12, 2017 at 12:38 pm

or you could just punt favourite

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Jonny1 0 March 12, 2017 at 4:59 pm

Thanks guys. Beesty- When calculating the for and lay amounts, should I use the “Risk Free bet” sub section of the betting calculator, and then just say that I should get 80% of whatever I am betting for as the “cashback” option?

And just to confirm, if I use this method correctly, it is a guaranteed profit? Not done horse racing before! Thanks again

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