Another day, another Cheltenham Festival offer to take advantage of!
VirginBet is doing a money-back offer up to £10 if your horse loses in the Champion Hurdle on Tuesday at the Cheltenham Festival.
This another brilliant offer from Cheltenham. You could make a potential profit of £9.37.
Key Terms;
- Max refund is £10
- Applies to first bet on the Champion Hurdle
- Promotion is for UK customers only
- Applies to day-of-race market, so you need to wait for that to be live on the exchanges.
Let’s look at how to play this offer…
Step 1 – Place our qualifying bet:
This is a very simple offer. We can back any horse to win and get our money back if it loses. You can find the best matches to get the lowest set-up cost daily using the Profit Rush Price Matcher. However, as this offer is just with VirginBet on one race, you can do it manually very easily. Just use the Profit Rush Bet Calculator before placing any bets to make sure the set-up cost is low.
The easiest way to understand the offer fully is for us to give you an example. Let’s assume Pentland Hills is trading 6.5 with VirginBet and is 6.8 to lay on Betfair. You should be able to find a close match on the Champion Hurdle market.
Note that the closer we get to Cheltenham the tighter the markets will be. So it’s a good idea to do this offer on Monday night or Tuesday morning before the race.
Pentland Hills is our target match. So for step 1, we place a £10 win bet on Pentland Hills at 6.5 with VirginBet.
Step 2 – Lay off on the exchanges:
After placing our qualifying bet, we’re going to lay off our bet with VirginBet on the exchanges. Pentland Hills is trading 6.8 with Betfair, so we’re going to lay the horse there. We put this information into the Profit Rush Bet Calculator and we should get this screen:
As you can see, we have to lay Pentland Hills for £9.56 on Betfair, meaning we have a set-up cost of -£0.45. However, let’s look at our possible outcomes:
| Outcome | Bookmaker | Exchange | Profit & Loss |
| If Pentland Hills Wins | £55 | -£55.45 | -£0.45 |
| If Pentland Hills Loses | Cashback | £9.37 | £9.37 |
This is an incredible offer. All you need is a good match and you can kick off the Cheltenham Festival with some nice potential profit!
There is another option too that allows you to lock in profit before the race. Use the Profit Rush Bet Calculator in Risk Free Bet mode as the Bet Type and put in the same information. You should get this screen:
As you can see, this locks in a profit of £8.09.
From the two options above, you can pick which you prefer. There is more profit if the horse loses in the first option, but guaranteed profit with the second option. You have the steps above, it’s just up to you what stakes you go with depending on which way you’d like to play the offer.
Not sure about something in this offer? Click here to ask us on the community forum now.
Did you find this article helpful?
Check the Profit Rush Daily Calendar for more and come back tomorrow for another daily offer!
