Betway – Royal Ascot Money Back Offer

Royal Ascot is taking over the ITV racing this week and Betway have a generous offer for the 5 day festival. They are offering money back as a free bet on the first race of each day for all losers! This gives us a guaranteed profit of £31.15!

Terms of the offer

• Up to £10.00 refund as a free bet each day.
• Refund will trigger on any horse if they fail to win the first race of the day at Royal Ascot.
• Qualifying bets must be placed on the first race of each day starting from the 18th June 2019 until the 22nd June 2019.

Qualifying Bet and Strategy

We will treat this as a risk free offer. All we need to do is back and lay a qualifying bet and extract our profit from any £10.00 free bets we receive, unless our selections wins the race. We will be using the Risk-Free mode on the Matched Betting Calculator for this offer and entering our Cashback as £8.00 (the amount we will extract from any free bets). Due to odds not being available on all races as of yet, we will be using frictional (yes, made up odds!) for demonstration purposes.

As we can see our £10.00 back bet at odds of 7.0 and lay odds of 7.4 results in a profit of £6.23 whether our selection wins or loses the race.

What’s next?

If our selection wins, then no further work will be required to complete the offer. If our selection loses, we will need to extract our profit from the free bet.

A £10.00 free bet will be credited within 24 hours (usually within an hour) should our selection in the first race of each day lose. We should expect to extract 80% cash making our free bets worth at least £8.00. Free bet valid for 24 hours and can be used on any horse racing market.

Due to this offer being available across 5 different races we can ensure a guaranteed profit of at least £31.15!

By this point you should know how to extract profit from free bets, but if your still unsure or need a refresher the perfect guide can be found here.