It’s a big day of racing at Cheltenham on Saturday, and you don’t want to miss this BoyleSports offer! Place a bet of up to £10.00 on the 13:50 Cheltenham, and if it loses, BoyleSports will refund our stake as a free bet. Translated into matched betting terms, this gives us a profit of £5.18 and here’s how…
- This is a mobile exclusive offer.
- Applies to bets of up to £10.00 on the 13:50 Cheltenham.
- Applies to bets placed from 18:00 on Friday 10th December 2021.
- If our bet loses, BoyleSports will refund our stake as a free bet.
Losing stakes are refunded as a free bet, so we can treat this as a risk-free bet offer.
We’ll need to select a horse with long odds to maximise our profit.
Looking at the odds available, we could place our qualifying bet on Farinet at back odds of 8.50 (15/2) and lay odds of 10.50.
We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my Matched Betting Calculator. We can enter £8.00 as our ‘Cashback’ figure as that’s the cash amount we can expect to convert our £10.00 free bet into if our horse loses.
As you can see, the calculator tells us that our lay stake should be £7.35…
Place £10.00 on Farinet @ 8.50 = Potential profit of £75.00
Lay £7.35 on Farinet @ 10.50 = Potential liability of £69.82
Let’s have a look at our potential profit/loss for the possible outcomes…
So, no matter the outcome, we’ll make a minimum profit of £5.18 on this BoyleSports offer!
If eligible, our free bet will be credited within 24 hours and valid 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.