The Betfair Exchange £10 refund is a regular offer that is available daily on selected horse races. It's considered an advantage play offer as you won't make a profit from it every time but it can return a good profit for a very minimal outlay.
what is the betfair exchange odds on in-play offer?
Betfair will announce the races for which the offer is available on on the promotion page on their website. If you back a horse in one of these eligible races and the horses odds shorten below 2.0 while the race is in-play, you will receive your stake back as cash up to £10 if it doesn't end up winning.
It's a simple offer to do and so long as you can get a close match with a small qualifying loss, you'll be in with the chance to receive a £10 cash bonus with minimal risk.
betfair exchange odds on in-play offer key terms
how to make a profit from the offer
Matched betting this offer is thankfully very simple and requires just a back and a lay bet on a horse to win. The aim is to find a match with a low qualifying loss and hope that the horses odds shorten to 2.0 or less while the race is taking place and also that the horse doesn't win.
There is a relatively small chance of you receiving a refund and so it is essential that you keep qualifying losses to a minimum.
As the maximum refund is £10, you do not want to stake much more than this unless the qualifying loss is zero. You may wish to stake a little more or less so that your bets look more natural but staking a lot more generally means that your qualifying loss will be higher.
If you aim for a qualifying loss of £0.50 or less then that gives you 20 attempts to trigger the refund and break even. If you trigger the refund before 20 attempts then you will be in profit.
Use an Odds Matcher tool or a specific horse racing tool such as the Horse Racing Matcher from MatchedBets to find a close match. As you are backing a hose to win on Betfair Exchange, it is important to use a different betting exchange such as Smarkets or Matchbook to lay your bet.