Betway – Cheltenham November Meeting Offer

The Cheltenham November Meeting starts this Saturday after the first day of the meet was cancelled and Betway have an offer you don’t want to miss. All we need to do is place a bet on the first race of each day and Betway will refund our stake, as a free bet up to the value of £10.00 if our selection fails to win. This means we can secure roughly £12.50 from this Betway offer!

Terms of the offer

• Maximum refund £10.00 as a free bet.
• Qualifying bets to be placed on the first race at Cheltenham on November 16th and 17th 2019.

Qualifying Bet and Strategy

We will treat this offer as a risk free shot due to the refund being available on any horse in the race. We can use the Risk Free mode on the matched betting calculator to secure profit regardless of our selection winning or losing the race. We should aim to place our qualifying bets on higher odds horses to ensure more profit is made.

We have opted to place our first qualifying bet on Happygolucky at back odds of 11.0 and lay odds of 12.0. We enter the details in the matched betting calculator, in Risk Free mode, along with £8.00 cashback (the amount we stand to extract from the £10.00 free bet should our selection lose).

What’s Next?

As we can see by the calculator, should our selection win we will already have made our profit. If our selection loses however, we need to extract our profit from the £10.00 free bet. We should expect to see at least 80% of our free bet as cash, meaning our free bet is worth at least £8.00 cash.

Free bets will be credited within 24 hours of our qualifying bets settling, and are valid for 24 hours so be sure to use them quickly. As this offer is available on the first race of each day at the Cheltenham November Meeting 2019, we have 2 days of guaranteed profit making this offer worth at least £12.50!

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.