It’s that time of the year! The Epsom Derby Festival kicks off this Friday and Saturday and Betway are giving us an offer we can’t refuse! Simply place a bet of up to £10.00 on any horse in the Epsom Oaks or Epsom Derby and if it loses, Betway will refund our stake as a free bet. This means we get not one but two shots at making some guaranteed profit!
Terms of the offer
- Up to £10.00 refund as a free bet.
- Refund will trigger on any losing horse.
- Qualifying bets must be placed on either the Epsom Oaks or Epsom Derby – see times below.
Qualifying Bet and Strategy
We shall tackle this offer as a risk free bet due to the refund being trigger on any losing horse. To maximise our profit we should aim for higher odds horses. This will give us a better return if we either hit the winner or simply lose. At the time of writing this guide (15.45 30/05/19) the lay odds were not close enough so we will use fictional odds for example purposes. We should aim for a horse with close back and lay odds and over 8.0 to maximise our profit. The offer is available on:
| Race | Time | Date |
|---|---|---|
| Epsom Oaks | 16.30 | Friday 31st May 2019 |
| Epsom Derby | 16.30 | Saturday 1st June 2019 |
We will use the Risk Free mode on the matched betting calculator and enter our cashback as £8.00 – the amount we should expect to extract from a £10.00 free bet should our horse lose.
Adjust Lay
| Bookmaker | Exchange | Cashback | Total | |
|---|---|---|---|---|
| If Back Wins | ||||
| If Lay Wins |
As we can see our £10.00 back bet at odds of 10.0 and lay odds of 10.5 will result in a tidy profit of £6.60 whether our horse wins or loses. We can break this down a bit further as follows:
| Outcome | Betway | Exchange | Profit/Loss |
|---|---|---|---|
| Horse wins | +£90.00 | -£83.41 | +£6.59 |
| Horse loses | -£10.00 | +£8.60 | -£1.40 |
| Horse loses + free bet extraction | -£10.00 | +£8.60 & +£8.00 | +£6.60 |
What’s next?
If our selection wins then you have successfully completed this offer. If however your horse loses you will need to extract your profit from the £10.00 free bet. Bear in mind that this offer is available on both Friday and Saturday so we should see a guaranteed profit of £13.20 for this Betway offer.
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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