It’s an enormous day of racing at Newmarket on Saturday, and Betfair are getting in on the motion! Place an Exchange wager of as much as £10.00 on the 13:15 Newmarket, and in case your wager loses, your stake can be refunded as a free wager. Translated into matched betting phrases, this provides you a revenue of £6.29 and right here’s how…
Key phrases
- Available to chosen prospects solely.
- You won’t be eligible for this promotion in case you have opted into the My Betfair Rewards ‘Basic’ bundle.
- Opt-in required.
- Place an Exchange wager of as much as £10.00 on the 13:15 Newmarket (Saturday 1st July 2023).
- Applies to bets positioned from 18:00 on Friday thirtieth June 2023.
- Applies to your first wager solely.
- Applies to again bets solely; lay bets don’t qualify.
- Money again as a free wager in case your wager loses.
- If eligible, your free wager can be credited inside 24 hours.
- The free wager can be legitimate on any horse racing marketplace for 7 days.
Qualifying wager
If your qualifying wager loses, Betfair will refund your stake as a free wager, so you possibly can deal with this as a ‘Money Back if Bet Loses‘ provide.
You’ll want to put your wager at lengthy odds to maximise revenue.
At the time of writing, ‘Phantom Flight‘ is offered at again odds of 7.60 and lay odds of 7.80.
You can work out your lay stake utilizing the ‘Money Back if Bet Loses‘ setting on my Matched Betting Calculator. You can enter ‘£8.00‘ as your ‘Cashback’ determine as that’s the quantity you possibly can count on to transform your £10.00 free wager into, ought to your wager lose.
As you possibly can see, the calculator tells you that your lay stake needs to be £8.29.
Place £10.00 on ‘Phantom Flight’ @ 7.60 = Potential revenue of £62.70
Lay £8.29 on ‘Phantom Flight’ @ 7.80= Potential legal responsibility of £56.37
Outcomes
Let’s have a look at your revenue/loss for the doable outcomes.
So, regardless of the end result, you’ll make a minimal revenue of £6.29 on this Betfair Exchange provide!
If you’re not sure how you can convert your £10.00 free wager into £8.00 money (80%), please see my Free Bets Guide for a walkthrough.
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