Let’s kick off Day 2 at Cheltenham Festival with a brilliant Matched Betting offer!
Betfair Exchange is doing a Bet £20 Get £20 offer on the Ballymore Novice Hurdle on Wednesday at the Cheltenham Festival.
This is a superb offer. No need to worry about account restrictions or anything. Let’s look at how to profit.
If you follow our steps, you could make a potential profit of £16.98.
Key Terms;
- Max free bet is £20
- Applies to the Ballymore Novice Hurdle on Wednesday
- You MUST place a back bet on the Ballymore Novice Hurdle
- Applies to day-of-race market, so you need to wait for that to be live, which is 10am on Friday 6th of March
- Free bet must be used on the rest of the card
- Free bet must be placed via mobile
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 easiest way to understand the offer fully is for us to give you an example…
The main aim is to find a close match. Envoi Allen will be a big favourite for this race, it will be easy to back and lay him on the exchanges. He’s trading 2.66 on Betfair and 2.68 to lay on Betdaq. That will be our target match, so we place a £20 BACK bet on Envoi Allen at 2.66 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. Betdaq will have a huge amount of liquidity on Cheltenham so we’re going to lay Envoi Allen at 2.68 with them. 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 have to lay Envoi Allen for £19.75 on Betdaq, meaning we have a set-up cost of -£0.64. That’s a very low cost. And we have a free £20 bet to come from Betfair now…
The £20 free bet has to be placed via mobile and it also has to be used on the rest of Wednesday’s card.
We suggest targetting a match in the Champion Chase, as liquidity will be very tight between the exchanges again.
Step 3 – Place your free £20 bet:
For our free bet, we want to get the maximum profit. This means not targetting low odds, and aiming for something trading 7.0 or higher.
Usually, it’s difficult to find a good match trading higher than 10.0 because bookmakers undercut the exchanges, however as we are completing the steps between exchanges this time that shouldn’t be a problem. Let’s aim high.
Dynamite Dollars is trading 23.0 on Betfair and 24.0 to lay on Betdaq. That will be our target match.
Place a £20 BACK bet on Dynamite Dollars, via your Mobile, on Betfair at 23.0.
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:
As you can see, we need to lay Dynamite Dollars for £17.98 on Betdaq and our liability will be £413.54. This results in a profit of £17.62, however, remember our set-up cost was -£0.64 earlier, so we take that away.
That leaves a guaranteed profit of £16.98 from this offer.
If your bank isn’t big enough to lay high odds, just find a match at lower odds. Your profit won’t be as big, but you will still be able to make at least £15.
What a great way to kick off Wednesday at the Cheltenham Festival!
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!
