There’s a big day of racing at Lingfield on Saturday, and you don’t want to miss this Betfair Exchange money back offer! Place a bet of up to £10.00 on the 14:05 Lingfield, and Betfair will refund your stake as a free bet if your horse fails to place. Translated into matched betting terms, this gives you a potential profit of £6.90 and here’s how…
Place a bet of up to £10.00 on the 14:05 Lingfield (Saturday 7th May 2022).Applies to your first bet on the Exchange ‘Win’ market.Applies to your first bet placed after 10:00 on Thursday 5th May 2022.Money back as a free bet up to £10 if your horse does not finish 1st or 2nd.Applies to back bets only; lay bets do not qualify.Betfair Rewards ‘Basic’ customers are excluded from this promotion.Your free bet will be credited within 24 hours and valid on any horse racing market for 7 days.
Please see my qualifying bets guide if you’d like more information about them and how they work.
It’s entirely up to you which horse you go for, but it would make sense to select a horse with pretty long odds hoping it won’t finish 1st or 2nd.
At the time of writing, Ex Gratia is available at back odds of 7.20 and lay odds of 7.60.
You can calculate your lay stake using my Matched Betting Calculator…
As you can see, the calculator tells you that your lay stake should be £9.09…
Place £10.00 on Ex Gratia @ 7.20 = Potential profit of £58.90
Lay £9.09 on Ex Gratia @ 7.60 = Potential liability of £59.99
Let’s look at your potential profit/loss for the possible outcomes…
OutcomeBetfairExchangeFree BetProfit/LossEx Gratia wins+ £58.90– £59.99£1.09 lossEx Gratia finishes 2nd– £10.00+ £8.90£1.10 lossEx Gratia does not
finish 1st or 2nd– £10.00+ £8.90+ £8.00£6.90 profit
So, you’ll make a profit of £6.90 if Ex Gratia does not finish 1st or 2nd, or you’ll lose a maximum of £1.10 on any other outcome. Risking £1.10 to make a profit of £6.90 gives you effective odds of 7.27, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If eligible, free bets will be credited within 24 hours and valid on any horse racing market for 7 days.
If you’re unsure how to convert your £10.00 free bet into £8.00 cash (80%), please see my free bets guide for a walkthrough.
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