The York Ebor Festival gets underway on Wednesday, and we have a cracking offer to exploit!
Betfair Exchange are doing a Bet £20 Get £20 on the 1-45pm at York. 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 £11.71 plus get an extra £20 free bet.
Key Terms;
- Max free bet is £20
- Applies to the 1-45pm at York on Wednesday
- 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.
This blog is posted on Tuesday, and the markets won’t have a lot of liquidity so we’re going to give you an example that you can adjust easily with different horses and prices!
Let’s assume the best match is currently 5.7 to back with Betfair and 5.8 to lay with SMarkets. For step 1, we place a £20 back bet on Horse A at 5.7 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 the York Ebor Festival, so getting our bets matched won’t be an issue. We know our target match, but we need to find out the stake. “Horse A” is trading 5.8 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 Horse A for £18.91 on SMarkets. This gives us a liability of £90.77. This means our set up cost is only £1.47 which is great considering we get a free £20 bet now with Betfair.
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 another 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 £1.47, so we’re left with a profit of £11.71.
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 York!
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!
