money back as cash
12th - 15th March 2019
It’s the week we’ve all been waiting for!
Cheltenham Festival Week!
Let’s make some money!
Sky Bet are being very generous this week and are offering us money back as CASH if our horse loses on selected races
This gives us a fantastic opportunity to make guaranteed profit using the matched betting strategy.
- The maximum cash back refund is £20, so we want to place a back stake of £20 on the selected race.
- Applies to first bets only.
- Offer applies to the first race on each day of the Cheltenham Festival. See qualifying races below:
Supreme Novices’ Hurdle – 13:30 Tuesday 12th March
Ballymore Novices’ Hurdle – 13:30 Wednesday 13th March
JLT Novices’ Steeple Chase – 13:30 Thursday 14th March
JCB Triumph Hurdle – 13:30 Friday 15th March
To search for close odds for our qualifying bet, I will be using the Oddsmonkey Oddsmatcher, by placing Cheltenham 13:30 in the filter search bar and limiting the bookmaker to Sky Bet. As seen below:
At the time of writing it is too early to search for close odds on this race, so for the sake of this example I will make up fictional odds and say that Elixir De Nutz is available to back at 8 at Sky Bet and to lay at 8.5 at Smarkets. However, do make sure to find close odds if attempting this offer.
Using the Oddsmonkey Calculator, you want to set the calculator to RISK FREE BET mode as seen below. Set the Free Bet Award amount to £20 and set the Free Bet Retention amount to 100%.
As you can see from the calculator above, we would make a guaranteed profit of £16.18 on these odds, (these numbers are based on using the Smarkets exchange with a commission rate of 2% and we are using fictional odds).
Regardless of the outcome, whether your horse wins or loses, you should make a guaranteed profit of around £15 a day.
That’s £60 profit for the whole week from this offer alone.
There are loads of offers surrounding Cheltenham this week, where we will be able to make big profits, so be sure to check out my other guides.
If you are unsure about matched betting on the horse racing, then be sure to check out my free guide Horse Racing for Newbies.