bet365 to Stay On As Sponsor Of Charlie Hall Chase

The self-proclaimed ‘World’s Favourite Betting Site’ bet365 has announced an extension of its sponsorship of the Charlie Hall Chase. The three mile, one furlong Grade 2 National Hunt chase is run annually at Wetherby and has been sponsored by bet365 since 2003. The Stoke-based operator has put pen to paper on a deal that will see sponsorship continue until at least 2020.

bet365 supports a two-day meeting at Wetherby each year, of which the Charlie Hall Chase is the centrepiece. The 2017 edition begins on November 3rd, with the Arkle Finance Wensleydale Juvenile Hurdle and bet365 Handicap Chase the highlights. The Charlie Hall Chase will take place on November 4th with a £100,000 prize on offer for the winner.

Upon announcing the contract extension Mike Thomas, bet365 chief executive officer for media services said;

“bet365 is delighted to extend its support of the Charlie Hall Chase at Wetherby for a further three years.”

Wetherby Racecourse chief executive Jonjo Sanderson added;

“We are absolutely thrilled that bet365 has agreed to continue its partnership with Wetherby. The generous support of bet365 has enabled the Charlie Hall Chase to maintain its position in the racing calendar as the first major target of the season for the best three-mile chasers and we are all set for another terrific race on Saturday.”

The race was inaugurated in 1969 and has a star-studded roll of honour including dual winner Wayward Lad, old-timer Strath Royal, star-chaser Silviniaco Conti and the talented Cue Card. Last year’s race was won by Irish Cavalier, ridden by Jonathan Moore and trained by Rebecca Curtis.

Matched Betting With bet365

bet365 offers are a staple of many matched betting sites with the signup offer being  particularly lucrative to new customers. At this point you may be wondering, what is matched betting? If so follow the link to learn more about the art of using bookmaker offers to make money online.

After profiting from the welcome offer, one of the best money spinners is bet365’s 4/1 Racing Offer, for which the Charlie Hall Chase is eligible. The mechanics of the promotion are simple and the offer applies to all races shown live on ITV or the nominated ‘Feature Races’ when there is no live horse racing.

If you back a winner at odds of 4/1 (5.0) or greater in a qualifying race, you will then be entitled to a risk-free bet, equal to your stake up to £50 on the next qualifying race. This must be done with your own money but the prospect of getting a real cash refund creates a situation where a profit can be made through matched betting. All that is needed is a bet365 account and access to a betting exchange.

Using a standard matched betting strategy, you will be placing a back bet with the bookie and covering this with a lay bet on the exchange. A lay bet is to bet something won’t win, allowing both possible outcomes to be accounted for. This will result in a small loss but when getting a winner, the resulting ‘risk-free’ bet can be converted into around £40 profit. This means that you can have multiple attempts at winning before running at a loss.

There is a way to play the offer for free under the right circumstances. If there is a close enough match between the bet365 price and exchange odds, you can ‘overlay’ at the exchange. This will mean that if the bet loses, the bookmaker loss and exchange win (after commission) will be equal so the offer has cost nothing. However, if the bet wins you will make a loss on the qualifying bet but have a ‘risk-free’ bet to return a profit.

When there is a near perfect match or ‘arb’ available, it is possible to make a profit with the  offer. An arb is where the bookie odds are higher than the exchange lay price. This method requires the use of a specialist calculator which the leading matched betting sites provide. By using the correct setting, if the bet loses you will make your profit on the exchange. If the bet wins you’ll lose more to the exchange than you win with the bookmaker, but you’ll have a ‘risk-free’ bet from which to make a profit on the offer.

Best Odds Guaranteed

An added bonus when matched betting with bet365 is the Best Odds Guaranteed concession. It works by ensuring that you receive the biggest payout between the odds early price you took and the Starting Price (SP). For example; If you backed Cue Card to win with a £50 stake at 5/1 (6.0) and the SP drifted to 6/1 (7.0), instead of a £300 return, you’d pocket £350.

This can result in some unexpected additional profits when matched betting. Remembering that the bookmaker payout can only go up and not down with this offer, your exposure at the exchange will remain the same. So using our example above, if you had laid Cue Card for £48.54 at odds of 6.2 on Smarkets, then instead of a £2.43 qualifying loss, you’d be looking at a £47.59 profit, if the horse won.