The Cheltenham Festival 2020 continues this Wednesday and the Virginbet money back special is not to be missed. Simply place a bet on any horse in the 15:30 at Cheltenham and should our selection lose, Virginbet will refund our stake back as free bet! This means we have a guaranteed profit of £6.44!
Terms of the offer
- Up to £10.00 refund as a free bet.
- Refund will trigger on any horse that fails to win.
- Qualifying bet must be placed 15:30 on Tuesday 11th March 2020.
Qualifying Bet and Strategy
For this offer we will simply back and lay our selection while taking the lowest qualifying loss possible. It is a very simple offer to take advantage of and we can make some guaranteed profit due to this offer being on all losers. We will use this Risk-Free mode of the calculator to ensure we make a profit whether our selection wins or loses. We should aim to place our back bet on a horse with higher odds to ensure more profit is made. For this offer we have opted to place our risk-free bet on Sceau Royal at odds of 21.0. We should enter our cashback as £8.00 on the calculator – the amount we stand to extract from our £10.00 free bet should Sceau Royal lose the race.
Let’s take a look on the matched betting calculator to see how we can make our risk free profit:
|If Back Wins|
|If Lay Wins|
As we can see our £10.00 back bet at odds of 21.0 and lay odds of 23.0 will result in a profit of £6.61 whether Sceau Royal wins or loses.
|Sceau Royal wins||+£200.00||-£193.38||£0.00||£6.62|
|Sceau Royal loses||-£10.00||+£8.61||£8.00||£6.61|
If Sceau Royal wins the race then we will have made our risk free profit. If however Sceau Royal loses the race, we will need to extract our £8.00 from the £10.00 free bet we will receive to complete the offer. Free bet will be credited to our accounts within 3 hours of a qualifying bet settlement and be valid for 7 days.