This is a fantastic repeat offer for Matched Betting. With more and more live races on ITV Racing, it’s a fantastic offer to exploit.
Bet365 will have this offer on every race shown live on ITV Racing.
If you back a winner at 4/1 or bigger, you get a free £50 bet. Finding a winner can be tricky, but we’re going to show you how to play this offer so the odds are in your favour long-term.
What You Need:
- Bet365 account with at least £100 available
- An exchange account with an available balance big enough to lay back your bets
- You need to be familiar with using the Profit Rush Price Matcher and Bet Calculator.
Not got one? Get your account by clicking here (terms and conditions apply).
That’s all you need to get started, let’s continue…
Key Terms;
- Max free bet is £50
- Applies only to live races on ITV Racing
- Applies to your first bet on the race only
- Free bet has to be placed on the next ITV Racing race or Bet365 Feature Race
- Free bet must be placed with your own funds and is refunded
- If your free bet wins at odds of 4/1 or bigger, you get another free bet!
Let’s look at how to play this offer…
Step 1 – Place our qualifying bet:
For step 1, we need to find a good match at 4/1 or bigger with Bet365 on live ITV Races. The main things to do are;
- We check what races are live on ITV Racing here.
- Look at the Profit Rush Price Matcher for the best matches on the selected races.
After you’ve done that, we place our bet. In this example – let’s say you’ve found a 4/1 (5.0) shot with Bet365 trading at 5.2 on Betfair.
Step 1 Action: Place a £50 bet on Horse A at 4/1 (5.0) to win with Bet365.
Step 2 – Lay off on the exchanges:
After step 1, we’re going to lay off our bet with Bet365 on Betfair. To do that we can use the Profit Rush Bet Calculator. This allows us to find the correct stake. Put in the information and you will get this screen:
Step 2 Action: We lay our selection for £48.26 on Betfair. The liability is £202.69.
As you can see, to set up this bet has cost us £2.71.
This is unlike other Bet £50 Get £50 offers because now we need the horse to win to get a free £50 bet.
However, let’s look at the outcome if the horse does win, what you could likely make and how many times you could do this offer before it becomes unprofitable.
If Your Horse Wins:
When you back a winner, you get a free £50 bet. This applies to the next live ITV Race or Bet365 Feature Race, and must be placed with your own money which will then be refund – so have an available balance to reflect this. Let’s say you find another match in the Price Matcher that is 4/1 (5.0) with Bet365 and 5.2 on Betfair.
You then repeat the two steps above just as you did before however this time remember to select FREE BET (SNR) as Bet Type. If you don’t, your stakes will be wrong. You will get this screen:
As you can see, if your horse won you would make £37.84. However, it cost us £2.71 to set up our qualifying bet, so our total profit would be £35.13.
That’s if the horse wins. As we all know, our selections won’t win all the time – especially on horse racing. As we have made £35.13 when the horse won, and the qualifying bet cost us £2.71. Let’s divide that to see how many times we could back a loser before hitting a winner. The result is 12.96, so very close to 13.
Ideally; to make this offer profitable long-term you would have to select a winner once every ten times. You could push that out to 11 or 12, but for it to be really worth your time let’s stick with ten.
One winner every ten bets sounds achievable, right? With this being a repeat daily offer, it’s a nice one to play!
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!
