As the Coronavirus stops most sporting events around the world, the Cheltenham Festival continues.
VirginBet is doing a money-back offer up to £10 if your horse loses in the Gold Cup on Friday.
You could make a profit of £6.87 if you follow our steps.
- Max refund is £10
- Applies to first bet on the Gold Cup
- Promotion is for UK customers only
What You Need:
- A VirginBet account
- 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.
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:
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.
You have two options to play this offer:
- Find a loser and risk a qualifying cost of £3+ in the hope that the horse loses. £3 is very high for a £10 offer.
- Lock in a smaller than usual profit with the early pay-out calculator.
We’re going to aim for option two because the favourite Al Boum Photo is the closest match. If we could find an outsider as a close match, perhaps we could have played it differently and hope the horse loses.
For Step 1, we place £10 on Al Boum Photo at 4.0 with VirginBet.
Step 2 – Lay off on the exchanges:
After placing our qualifying bet, we’re going to lay off our bet with BetUK on the exchanges. Al Boum Photo is trading 4.3 to lay on Betfair.
Now, we need to use the Profit Rush Bet Calculator and make sure we have selected RISK FREE BET in the Bet Type dropdown. Put all this information into the calculator and you should get this screen:
As you can see, we can lock in a profit of £6.87 if we lay Al Boum Photo for £7.01 on Betfair at 4.3.
Also, remember to put in 100% in the Bet Retention box because we’re doing the max bet on this offer. It will look like this:
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!