After last year’s historic win by jockey Rachael Blackmore, we’re looking forward to seeing what the 2022 Grand National will bring. Blackmore made history by becoming the first woman to ride the winner of the Grand National. Did she – along with Minella Times – bring a win for you? Worry not. In this post we’ll look at how to profit from the Grand National with matched betting.
The Grand National 2022 is scheduled to take place on Saturday 9th April at 17:15 (BST). Over the course of four+ miles, 40 runners will negotiate 30 fences as they try to win the race.
What is matched betting?
Matched betting is a method which enables you to unlock real profits from the sign up offers put out by online bookmakers. Unlike gambling or ‘traditional’ betting, with matched betting you cover all potential outcomes of an event by placing two bets. This means that you can protect your stake, extract value, and ultimately win no matter what happens. Matched betting isn’t about luck. It’s a mathematical technique. For more information, see our full ‘What is Matched Betting?’ guide.
Matched betting with OddsMonkey
OddsMonkey offers a full matched betting service which includes tools, the latest and best offers, and expert support. We built the original odds matching software, OddsMatcher, to make matched betting quicker and easier for everyone. Since then, we’ve added a range of tools to help with specific offer and event types, such as the Racing Matcher and Each Way Matcher.
There are lots of opportunities available when it comes to profiting from this prestigious race with matched betting. Some of these profit-making opportunities come from the bookmakers and the regular racing promotional offers they run. However, there are other ways for you to add to your profit on this race, including by looking at Extra Places.
Extra Place offers
Extra Places are an advanced matched betting technique. However, the Grand National is a perfect time to learn, because there are so many runners and Extra Places on offer. And with the race starting at 17:15, there’s plenty of time to learn the method. Some bookmakers are offering extra places at the Grand National. An extra place is when one or more places are added onto a bookie’s standard place classification. For example, if they usually pay on three places in a horse race, they may offer to pay the 4th position too. The fourth position is the ‘extra place’, which means that you could still win money if your horse crosses the line here.
OddsMonkey Premium members can read the Extra Place Community thread before Saturday to see where the best offers are. They can also read the relevant guides and check the Extra Place Matcher for offers and odds. Our support team and fellow Community members will be around to answer specific questions. It pays to go Premium!
Racing refund offers
Racing refund offers and money back specials are a fantastic way to profit at the Grand National. OddsMonkey Premium members can get full training on how to make the most out of these types of offers.
0% betting exchange commission
Premium members can also make use of our fantastic 0% commission deals with both Smarkets and Matchbook. That means you won’t pay anything on a winning lay bet at the betting exchange. What a way to boost your profits!
Check your emails for offers exclusively for you. Bookies like to give out invite-only offers, from time-to-time so keep an eye out for those.
Offers for the Grand National
Offers are announced up to the day of the event, so keep checking. However, some often run similarly, based on previous years. Bet365 have run a 50% cash refund offer for the last few years up to £125. It is well worth signing up to them in the early part of this week as they won’t allow new customers to take part if the offer is announced for this year. We would expect to see good offers throughout the week on Betway, Coral, Paddy Power, Skybet & Unibet alongside other regular racing offers.
OddsMonkey Premium members have access to our Daily Offer Calendar and dedicated Grand National offers forum thread. Members can cherry pick the offers they want to complete and then choose the right tool for the job from our range of matched betting software.
Tips for matched betting at the Grand National
The Grand National always carries a buzz of excitement. For matched bettors and non-matched bettors/bettors and non-bettors alike. But it’s important not to get swept up in the rush of the day. Especially if you’re new to matched betting. Remember that everyone has different experience levels and bankrolls which will see them get different results in terms of profits. The best way to enjoy the Grand National is to focus on your own experience of it.
We’ve put together a few tips for you in the lead up but if you have any questions about the festival, please drop us a line and we’ll do our best to help.
1: Work out how much money you have in your bankroll.
Your bankroll can be whatever amount you have available to use. If you have a smallish amount, ie £100, then you’ll need to focus on a couple of offers. However, the higher your bankroll, the more offers you should be able to do.
It’s also worth thinking about how much you may need in your accounts and to deposit money beforehand. That way, you won’t be moving money around when you want to be getting your matched bets on. Look at account deposit limits, as these may impact how much or how often you deposit funds.
It may also be an idea to have any documents ready such as payslips, investments, bank account statements close by in case a bookmaker decides to conduct a SOW (Source of Wealth) check.
2: Complete as many sign up offers as you can before the Grand National
By signing up to as many bookies as possible, you should be able to increase your bankroll for the big event. Bet365 is strongly advised in the early part of the week as members have been disappointed in previous years at not being eligible to do the 50% cash refund offer.
Also, once you’ve completed a bookmaker’s sign up offer, you’ll be eligible to take part in reload offers. Therefore, if they offer any for the Grand National, your account will be set up and ready for you to jump onto them.
3: Sign up to a minimum of 2 betting exchanges
Any major racing event is a busy time for everyone. And whilst it’s rare, there’s always the chance that the betting exchange you’re using could hit some kind of technical difficulty. The four main exchanges are: Betfair, Smarkets, Betdaq and Matchbook. It’s a good idea to sign up to at least 2 of these, just in case you need an alternative option for lay bets.
And don’t forget that you can also take advantage of the 0% commission deals we have with Smarkets and Matchbook for OddsMonkey Premium members.
Please keep in mind that some exchanges may ask for additional ID documents, so have them set up in advance.
4: Go along at your own pace
Betting on the Grand National can sometimes be a little daunting, especially if it’s your first year of matched betting. And depending on your personality, you’ll either find it inspiring or overwhelming, to see what other matched bettors are achieving.
Use OddsMonkey’s tools to filter offers by profitability. Even if you only complete a few offers a day, you should still be able to make a profit that you are happy with by the end of the week.