It’s been a long wait for the best Matched Betting offers to return, but Royal Ascot and the Premier League are back this week and the offers are flooding in!
Betfair Exchange are doing a Bet £20 Get £20 on the 1-50pm at Royal Ascot on Tuesday. This is an excellent offer which will have a very high profit percentage.
Let’s go through the steps! If you follow our steps, you could make a profit of £11.68 plus get an extra £20 free bet.
Key Terms;
- Max free bet is £20
- Applies to the 1-50pm at Royal Ascot on Tuesday
- You MUST place a back bet on Betfair
- You must not place any lay bets on Betfair for this race
- Have you Betfair commission rewards plan on 5%
What You Need:
- A Betfair account
- Another exchange account with an available balance big enough to lay back your bets
- You need to be familiar with using the Profit Rush Bet Calculator
Not got one? Get your account by clicking here (terms and conditions apply).
That’s all you need to get started, it’s simple! Let’s go through the steps so you can get the most money.
Step 1 – Place our qualifying bet:
As this offer is just on one race, you don’t need to use the Profit Rush Price Matcher, you can do it manually very easily. The exchanges will have very similar prices so it’ll be easy to find a close match. Just use the Profit Rush Bet Calculator before placing any bets to make sure the set-up cost is low.
The best match at the moment is Terebellum who is trading 4.5 to BACK on Betfair and 4.6 to LAY on SMarkets. For step 1, we place a £20 back bet on Terebellum at 4.5 with Betfair Exchange.
Step 2 – Lay off on the other exchanges:
Usually, we place back bets with bookmakers and lay off on Betfair. However, this time we need a different exchange. SMarkets will also have great liquidity during Royal Ascot, so getting our bets matched won’t be an issue. We know our target match, but we need to find out the stake. Terebellum is trading 4.6 to lay with SMarkets. To get the correct stakes, we put this information into the Profit Rush Bet Calculator and we should get this screen:
As you can see, we lay Tellbellum for £18.89 on SMarkets. This gives us a liability of £68. This means our set up cost is only £1.50 which is great considering we get a free £20 bet now.
Step 3 – Place your free £20 bet:
Usually we would want to get the maximum profit from our free bet… HOWEVER… this offer is a little different.
If you back a winner with your free £20 bet, you get another free £20 bet!
We have to factor this in. So it’s a good idea to pick a favourite or a second favourite to use your free bet on. Let’s look at an example. Say there’s a horse at 3.5 with Betfair on Wednesday and it’s 3.55 to lay on SMarkets. This will be our free bet selection, so we have place the £20 free bet with Betfair and in step 4 we lock in profit with SMarkets.
Step 4 – Locking In Profit:
Now that we’ve placed our free bet with Betfair, we need to lay off and lock in a profit. We have all the correct figures, now we just need to put them into the Profit Rush Bet Calculator. Remember this time we need to make sure that FREE BET (SNR) is selected in the Bet Type drop-down menu. This is very important, otherwise, your figures will be wrong.
We will then get this screen:
This time, you lay £13.46 at 3.55 on SMarkets, locking in a profit of £13.18 with this trade. Remember your set up cost was £1.50 so we’re left with a profit of £11.68.
We could have easily made more profit by selecting bigger odds with our free bet, and if you would like to do that then that’s more than ok. But it’s very much worth considering the potential extra £20 free bet if your first free bet wins. For a few pound, it’s worth going for a winner while also having profit locked in.
What a great offer for Day 1 at Royal Ascot!
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!
