Cheltenham Festival 2022 is here, and you don’t want to miss this bet365 offer! Back a winner at odds of 4/1 or more in any live ITV race, and bet365 will give you a ‘Money back if bet loses’ bet equal to your stake, up to £50.00. Translated into matched betting terms, this gives you an overall potential profit of £100.00+ and here’s how…
Key terms
- Offer applies to win or each way single bets placed on any horse running in a race broadcast live on ITV Racing.
- Applies to your first bet on each eligible race.
- If your horse wins at odds of 5.00 (4/1) or greater, you’ll qualify for a ‘Money back if bet loses’ bet to the same stake, up to £50.00, on the next ITV race.
- ‘Money back if bet loses’ bets must be placed using your own funds and if it loses, bet365 will refund your stake in cash.
Qualifying bets
This offer is available on the first 5 races each day between Tuesday 15th March 2022 and Friday 18th March 2022.
I’ll take you through a worked example below, but for more information about ‘Back a Winner’ type offers and a walkthrough of how they should be done, please see my Bet365 4/1 Offer guide.
Please see my qualifying bets guide if you’d like more information about them and how they work.
At the time of writing, Queens Brook is back odds of 5.50 (9/2) to win the 13:30 on Tuesday. The lay odds are currently 5.60.
Option 1:
If your horse wins, you’ll be able to convert your £50.00 ‘Money back if bet loses’ bet into 75% cash. You can therefore add 0.75 to the back odds to get your effective odds…
5.50 + 0.75 = 6.25
Using my Matched Betting Calculator, you simply enter 6.25 as your back odds instead of 5.50 lay the amount shown. Overlaying like this is fine, but the fixed profits are likely small.
Option 2:
Your second option is to lay Your bets as usual and hope your horses win for bigger profits.
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 £49.28…
Place £50.00 on Queens Brook @ 5.50 = Potential profit of £225.00
Lay £49.28 on Queens Brook @ 5.60 = Potential liability of £226.68
Outcomes
Let’s look at your potential profit/loss for the possible outcomes…
| Outcome | bet365 | Betfair | ‘Money back if bet loses’ bet |
Profit/Loss |
|---|---|---|---|---|
| Queens Brook wins | + £225.00 | – £226.68 | + £37.50 | £35.82 profit |
| Another horse wins | – £50.00 | + £48.29 | £1.71 loss |
So, you’ll make a nice profit of £35.82 if Queens Brook wins; otherwise, you’ll lose £1.71. Risking £1.71 to make a potential profit of £35.82 gives you effective odds of 21.95. So, given that Queens Brook is odds of just 5.50 (9/2) to win the race, this is a profitable offer in the long run.
ITV are covering 20 Cheltenham Festival 2022 races, giving you an overall potential profit of £100.00+ on this bet365 offer!
If any of your selections win, your ‘Money back if bet loses’ bet will be valid on the very next ITV race. You must place your ‘Money back if bet loses’ bets using your own funds, and if your selection loses, bet365 will refund your stake in cash, up to a maximum of £50.00. If your ‘Money back if bet loses’ bet wins, you’ll qualify for another ‘Money back if bet loses’ bet on the next ITV race.
If you’re unsure how to convert a £50.00 ‘Money back if bet loses’ bet into £37.50 cash (75%), please see my Money back if bet loses guide for a walkthrough of how it should be done.
I’ll update the following table with some selections at the end of each day…
| Race | Selection | Back Odds | Lay Odds | Profit/Loss |
|---|---|---|---|---|
| 13:30 Tuesday | – | – | – | – |
| 14:10 Tuesday | – | – | – | – |
| 14:50 Tuesday | – | – | – | – |
| 15:30 Tuesday | – | – | – | – |
| 16:10 Tuesday | – | – | – | – |
| – | – | – | – | – |
