There’s a big day of racing at Warwick on Saturday, and you don’t want to miss this Betfair Exchange money back offer! Place a bet of up to £10.00 on the 15:00 Warwick, and if your horse fails to finish 1st, 2nd or 3rd, Betfair will refund your stake as a free bet. Translated into matched betting terms, this gives us a potential profit of £6.67 and here’s how…

Key terms

• Applies to our first cash bet on the 15:00 Warwick.
• Applies to bets placed from 10:00 on Thursday 13th January 2022.
• Applies to bets up to the value of £10.00 (£10.00 win or £5.00 each way).
• Money back as a free bet if our horse fails to finish 1st, 2nd or 3rd.
• Applies to back bets only; lay bets do not qualify.
• Betfair Rewards ‘Basic’ customers are excluded from this promotion.

Qualifying bet

It’s entirely up to you which horse you go for, but it would make sense to select a horse with fairly long odds in the hope it won’t finish 1st, 2nd and 3rd.

At the time of writing, Achille is available at back odds of 12.50 and lay odds of 13.50.

We can calculate our lay stakes using my Matched Betting Calculator

As you can see, the calculator tells us that our lay stake should be £8.85…

Place £10.00 on Achille @ 12.50 = Potential profit of £109.25

Lay £8.85 on Achille @ 13.50 = Potential liability of £110.62

Outcomes

Let’s have a look at our potential profit/loss for the possible outcomes…

So, we’ll make a profit of £6.67 if Achille fails to finish 1st, 2nd or 3rd, or we’ll lose a maximum of £1.37 on any other outcome. Risking £1.37 to make a profit of £6.67 gives us effective odds of 5.87, which I’m sure you’ll agree, makes this a profitable offer in the long run.

If eligible, free bets will be credited within 24 hours and valid on any horse racing market for 7 days.

If you’re unsure how to convert your £10.00 free bet into £8.00 cash (80%), please see my free bets guide for a walkthrough of how it should be done.