It’s Day 2 of Royal Ascot 2022 on Wednesday, and you don’t want to miss this Betfair Exchange cashback offer! Place a bet up to £10.00 on Royal Ascot at 3.05pm, 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 gain of £6.98 and here’s how…
- Place a bet up to £10.00 on Royal Ascot from 3.05pm (Wednesday 15th June 2022).
- Applies to bets on the Exchange ‘Win’ market.
- Applies to your first bet placed after 10.00am on Monday 13th June 2022.
- Refund in the form of a free bet up to €10 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.
Please see my guide to qualifying bets if you want 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.
At the time of writing, Baltic bird is available at return chances of 12:00 p.m. and lengthen chances of 12.50.
You can calculate your lengthen stake using my matched betting calculator…
As you can see, the calculator tells you that your lengthen the issue should be €9.17…
Placing £10.00 on Baltic Bird @ 12.00 = potential profit of £104.50
Deposit £9.17 on Baltic Bird @ 12.50 = potential liability £105.45
Let’s look at your potential profit/loss for possible outcomes…
So you will make a profit of £6.98 if Baltic Bird does not finish 1st, 2nd or 3rd. You stand to lose a maximum of £1.02 on any other outcome. Risking £1.02 to make a potential profit of £6.98 gives you effective odds of 7.84, 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