It is the biggest week of the year from a matched betting point of view, as Cheltenham Festival gets underway on Tuesday 13th March. The festival will run until Friday 16th March and there are plenty of bookmaker offers already listed. To find full details of how you could benefit from these offers, we advise taking a look at a premium membership with one of the top matched betting sites, such as Matched Bets, Profit Accumulator or taking up the free OddsMonkey trial.
What is Cheltenham Festival?
Cheltenham is one of the biggest horse racing meetings of the year and it is the one many punters have been waiting for. It is a huge week for matched betting and betting in general as there are 28 races to take a look at.
The first race will get underway at 1:30pm on Tuesday 13th March. This is the Supreme Novices Hurdle and is one of the races that has plenty of offers listed by the bookies. There are 7 races every day at Cheltenham, with the first race each day starting at 1:30pm and the last race at 5:30pm.
The crown jewel of the festival will be the Cheltenham Gold Cup on Friday 16th March. It is expected that hundreds of millions of pounds will be bet across the four days of the festival, which is why it is such a huge week for bettors and bookies alike.
The venue is also famous for the fantastic atmosphere created, with the ‘Cheltenham roar’ when the starter raises the tape a notable part of the excitement of the festival. There are a number of Grade One races at the festival, including the Cheltenham Gold Cup, Champion Hurdle, Queen Mother Champion Chase and Stayers’ Hurdle.
ITV have the television rights for Cheltenham this year, with comprehensive coverage of all the races.
Best Bookmaker Offers for Cheltenham Festival
Money Back If Loss – first race each day
Sky Bet were one of the first bookmakers to list their big Cheltenham offer. They gave it a vast advertising campaign, including a number of TV adverts that aired during other sporting events. The offer relates to the very first race of the festival, the Supreme Novices Hurdle, and every 1:30pm race across the four days.
Sky Bet will give you money back as a free bet if your horse does not win in any of the 1:30pm races. The free bet amount will be matched with your stake, up to the maximum of £20. The offer relates to the first bet you make on a relevant race.
The matched betting strategy to take is simply to back and lay a selection using a free bet or stake not returned selection on a matched betting calculator. Make sure to find a horse with the back odds on Sky Bet and the lay odds on a betting exchange as close as possible.
If your horse wins, you will have made a profit. If not, you’ll get the stake back as a free bet and can use that to make an expected profit. Across the week, this offer is worth an estimated profit amount of around £48.
Money Back If Loss – first and last race each day
Betway followed a similar pattern to that of their rivals Sky Bet, and this is also a great offer that could be worth a lot of money through matched betting. This offer takes the same format as the previous but with extra races added, as if your horse loses in the first or last race at Cheltenham each day, Betway will refund you with a free bet.
The free bet will again be matched with your stake amount, up to the maximum of £10. If you wanted to bet less and still qualify you can, as the minimum stake is £2. As a reminder, the first race each day is at 1:30pm and the last race is 5:30pm.
Simply back and lay a selection using the same format as the Sky Bet offer, and you could make a profit through matched betting. The estimated profit for this offer is around £6 per race, meaning you could add around £48 to your matched betting profit for the week.
Money Back If Loss – Supreme Novices Hurdle
Another fantastic offer comes your way from popular bookmaker Coral. This particular promotion is relevant for the very first race of the festival, the Supreme Novices Hurdle. You can get the festival off to a fantastic start by making a profit from this offer.
Again, you will be refunded with a free bet if your horse does not win. The maximum free bet refund for this offer is £25, with a minimum stake of £1 needed to qualify.
In the event that your chosen selection does lose, the free bet will be credited into your Coral account by 12pm on Wednesday 14th March and will need to be used within 24 hours otherwise it will expire.
When using matched betting techniques, this offer has an estimated profit value of around £16.
Free Bet If SP Favourite Wins – Day One
Paddy Power have decided to take a different slant on the Cheltenham Festival, offering a free bet refund up to the value of £10 if your horse loses to the Starting Price favourite in any of the races on day one.
Completing this offer from a matched betting perspective is simple. Back and lay using a ‘normal’ mode on a matched betting calculator and hope that your horse loses out to the SP favourite. This offer will be particularly attractive when there is a very short-priced favourite, such as Buveur D’Air in the 3:30pm Champion Hurdle.
If your horse does lose, the free bet will be credited within 1 hour of the race ending, meaning you can use your free bet to quickly make an expected profit.
Double Your Winnings – Supreme Novices Hurdle
Another fantastic offer on the first race of the festival, William Hill will give you double your winnings if your horse either wins or finishes in the top 3. This will apply to the first bet placed on the Supreme Novices Hurdle.
It will be paid in cash rather than free bets, and the maximum payout you can receive from the double winnings are £100. Matched betting sites like OddsMonkey and Matched Bets will show you how to approach this when matched betting.
Finding your back stake for this offer can be done using a simple formula. Your back stake will be 100/(back odds – 1).
Double Your Winnings – Supreme Novices Hurdle
Similar to the William Hill offer, Ladbrokes will give you double winnings if your chosen horse wins in the Supreme Novices Hurdle. This time, the extra winnings will be paid as free bets, up to the maximum of £50.
If you do qualify for the double winnings, the free bet will be credited to you within 24 hours and will be valid for another 24 hours. The free bet can be used to make an expected profit thanks to matched betting.
Cheltenham is set to be a fantastic week and there is plenty of money to be made through matched betting. Keep a look out on the top matched betting sites for other offers that will be listed throughout the festival.