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.

Back Bet




Lay Bet


Adjust Lay

Required 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.