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Betfair Exchange – Refund Offer (18:45 Newcastle)

It’s a big race day in Newcastle on Thursday, and you don’t want to miss this Betfair Exchange cashback offer! Place a bet up to £10.00 on the 6.45pm Newcastle, and Betfair will refund your stake as a free bet if your horse fails to place. Translated into terms of suited bets, this gives you a potential profit of £6.69 and here’s how…

Key words

  • Place a bet up to £10.00 on the 6.45pm Newcastle (Thursday 15th September 2022).
  • Applies to bets on the Exchange ‘Win’ market.
  • Applies to your first bet placed after 08:00 on Wednesday September 14, 2022.
  • Refund as a free bet up to £10.00 if your horse does not finish 1st, 2nd or 3rd.
  • Applies to return bets only; lengthen bets are not eligible.
  • Betfair Rewards ‘Basic’ customers are excluded from this promotion.
  • Your free bet will be credited within 24 hours if eligible.
  • The free bet will be valid at any horse market for 7 days.

Qualifying bet

Please see my ‘Qualifying Betting Guide’ if you would like more information about them and how they work.

It’s up to you which horse you choose, but it would make sense to select a horse with fairly long odds and hope it doesn’t finish 1st, 2nd or 3rd.

As of this writing, ‘yaasser‘ is available on return chances of 1:00 p.m. and lengthen chances of 14.00.

You can calculate your lengthen bet using my matched betting calculator.

As you can see, the calculator tells you that your lengthen the issue should be £8.87.

Place £10.00 on Yaaser @ 13.00 = potential profit of £114.00

Deposit £8.87 on Yaaser at 2:00 p.m. = potential liability of £115.31

Results

Let’s look at your profit/loss for possible outcomes.

Results betting fair Swap Free bet loss of profit
Yaaser wins + €114.00 – £115.31 £1.31 loss
Yaaser ends
2nd or 3rd
– £10.00 + €8.69 £1.31 loss
Yaaser does not end
1st, 2nd or 3rd
– £10.00 + €8.69 +£8.00 £6.69 profit

So you will make a profit of £6.69 if Yaaser does not finish 1st, 2nd or 3rd. You stand to lose £1.31 on any other result. Risking £1.31 to make a potential profit of £6.69 gives you effective odds of 6.11, which I’m sure you’ll agree makes it a profitable long-term offer.

If eligible, free bets will be credited within 24 hours and valid at any horse market for 7 days.

If you are unsure how to convert your £10.00 free bet to £8.00 cash (80%), please see my ‘Free Bet Guide’ for a walkthrough.

Get this offer on Betfair