Place a single bet on the Fixed Win or Tote Win markets on a Feature Meeting race and if it wins at odds of 5.00 or more, we will refund your first Fixed Win or Tote Win bet on the next Feature Meeting race, if this bet loses.”
TERMS AND CONDITIONS:
- Applies to first bet placed on each race.
- Backing odds of your horses in both races must both be over 5.00.
- The refund is capped at your stake in the race up to $100
- If you pick back to back winners you will be issued a refund assuming the horse in the 3rd race loses.
REQUIREMENTS:
- A bet365 account (Please check conditions on eligibility(make sure that the promotion is still running and that it is available in your jurisdiction)
- A Betfair account (OR another betting exchange that also provides high liquidity to ensure a high/positive estimated return)
- A matched betting calculator helps (I use this one: https://www.profitaccumulator.co.uk/calculator/)
- Lastly you will want to be confident in your trading abilities as this promotion is quite advanced, I would strongly recommend learning the basics of matched betting before attempting this promotion & hedge.
(I am currently in the process of writing a few guides on matched betting which will be up on Steemit soon, otherwise there is plenty of this material on Steemit already uploaded from others to help you learn.)
QUALIFYING PHASE:
- Search between BET365 and your EXCHANGE for a horse with a tight back (on BET365) and lay on EXCHANGE.
- Ideally you want the lay odd to be equal to or less than the back odds, otherwise your profitability is low.
- Place your back bet first of $100 with BET365. Make sure you have backed and the layed the same horse.
- Then process to quickly place your lay, use your special calculator to work out your stake based on the EXCHANGE race commission. (The commission rate can be found on the website & will often vary depending on the race/event)
- You can check your losses using a back/lay calculator. We overlay with the calculator set to “Normal Bet” such that if our horse loses (lay bet wins) we will breakeven. If the horse wins, we will incur a pretty significant loss ($10-$50). However, we will make this back plus more in phase 2.
- Repeat the qualifying phase until one of your horse wins. If you continue to pick losing horses, don’t worry, the strategy is set up in a way that you won’t be losing a cent. In fact, when played correctly, this method ensures you cannot lose money.
- If your horse wins, you move onto the Profiting Phase
PROFITING PHASE:
- Again search between BET365 and EXCHANGE for a tight match
- This time you will need to set the back/lay calculator to Stake Not Returned (SNR) as this profiting bet will essentially act as a free bet.
- You should be aiming for a profit of $75+, however anything above $65 is acceptable.
- Once you find a good set of bets place them quickly, starting with Bet365.
- If your horse loses you will make $75+ subtract your loss in the qualifying stage (~$30) leaving you with a reasonable net profit for your hour’s work.
- If the horse wins you repeat the steps in the profiting phase and should make $140+ for 90 minutes work.
Terms & Conditions + UPCOMING PROMOTION DATES page:
https://extra.bet365.com.au/promotions/en/horse-racing/feature-meeting-offer
More guides to come! Follow to stay posted