It’s the King George VI Chase 2019 later today and Betway have an offer you don’t want to miss. All we need to do is place a bet on the King George VI Chase 2019 (Kempton 15:05) 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 £6.59 from this Betway offer!
Terms of the offer
- Qualifying bets must be placed between Saturday 21st December 2019 and start time (15:05) on Thursday 26th December 2019.
- Qualifying bets must be placed on the King George VI Chase 2019 – Kempton 15:05.
- If our selection loses, Betway will refund our stake, up to the value of £10.00, as a free bet.
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 qualifying bet on Footpad at back odds of 8.5 and lay odds of 8.8. 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).
Adjust Lay
| Bookmaker | Exchange | Cashback | Total | |
|---|---|---|---|---|
| If Back Wins | ||||
| If Lay Wins |
What’s Next?
As we can see by the calculator, should Footpad 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.
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.
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