Planning ahead - Cheltenham?

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Jon

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Had an email invite on BetVictor as well - Bet £10 on Man City v Stoke, get £10 free bet tomorrow for this small horse racing thing thats going on;)
cheers, I've just logged in but mine is slightly different

What you need to do
Opt In to this promotion via the OFFERS tab.
Place a £10 bet or more on any market, any horse racing, Monday 12th March 2018.
You must do this between 10:00GMT and 23:59GMT on Monday 12th March 2018.
What you get
Your account will be credited with £10 Free Bet at 10:00GMT on Tuesday 13th March Day One of the Cheltenham Festival, which:
 

Jon

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placed my betvictor bet and made a 13p profit due to crazy odds as the race is off in 5mins lol

Another one to add to the sheet for tomorrow.

Think I might pass £150 in free bets tomorrow at this rate already
 

NRS

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Basically, just follow the Bonus lockin calculator and you are guaranteed to make a profit from this offer. As WH are paying double winnings, what you are effectively doing is OVERLAYING your bet meaning if your horse wins at WH, you get the double winnings, and if it loses to the Exchange, you get extra money due to the Overlay.

Lower odds horses with close matches give the best return, but will likely require a larger bank roll as requires a higher Back bet at the bookie (around £65-£70 back bet if you choose Getabird). You can choose higher odds for a lower back bet amount but your lock-in will be less (so I'm told, I've not yet done the maths on any of it as the odds are all still a bit far out for my tastes this early)..
So, just to get this clear. If I have the WH offer and I want to back Kalashnikov and it's 5.0 (or whatever it is on the day), and I lay it at 5.2 (for example). I understand that the maximum possible bonus of £100, and that the Bonus retention is 100% because any winnings come as cash. I also understand that the stake is 100/ (5-1)=£20. So that's what they call a locked-in bonus, right?

Also, If I have the offers from both WH and Ladbrokes, it's better to choose different horses, say the favourite and the second favourite (presuming the matches are close) rather than the same horse, as this reduces the liability in the exchange?
 

Jon

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placed my betvictor bet and made a 13p profit due to crazy odds as the race is off in 5mins lol

Another one to add to the sheet for tomorrow.

Think I might pass £150 in free bets tomorrow at this rate already
bloody horse just went and won

BACK IN THE EXCHANGE WITH YOU MONEY!!
 

Wibble

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@NRS

100 / (5 - 1) = £25 not £20

Locked in bonus? not sure if you mean lock in profit?

If you back Kash @ £25 you win £100, but if it doesnt win you lose the qualifying loss on the bet.

You can back lay more than £25 (to lock in profit) to make money whatever the result - effectively reducing the £100 profit if Kash wins to guarantee a profit whatever the result.

Yes different horses is better - it reduces the liability as you said, and if you lock in profit you don't care who wins (apart from the cash in the exchange vs in the bookies of course).

edited cos im twp!
 
Last edited:

NRS

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@Wibble

- Yes, I meant locked in profit. I'm either over-thinking things or trying to walk before I can run (I've been MBing for two months and I'm still working my way through the sign-up offers)

If the maximum WH double winnings bonus is £100, then why would it make sense to back more than £25 at 5.0?
 

Wibble

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@ NRS

My bad, your're right that makes no sense!


What I meant to say was to lay more than £25 to guarantee a profit.

Assuming you back and lay £25 at 5.0 and horsie wins:

Win £25 @ 5.0 = £100 at bookie, loss £25 @ 5.0 = £100 at exchange + bonus winnings of £100 = £100 total profit.

So either £0 ql, or +£100 if horsie wins.

Assuming you back £25 at 5.0 and lay £30 @ 5.0 and horsie loses:

Lose £25 at bookie, win £30 at exchange so up £5
If horsie wins, win £25 @ 5.0 = £100 at bookie, loss £30 @ 5.0 = £120 at exchange + bonus winnings of £100 = £80

So either £5 qp, or +£80 if horsie wins.

Trade off between the big £+ if the horse wins, for a higher qp if it doesnt.

Apologises for the confusion.
 

NRS

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Thanks for your help @Wibble

Like I suspect the majority of newbies, I'm feeling quite overwhelmed with all the Cheltenham offers. I've got a lot of them down on paper, but whether I manage to get them all on is another matter!
 

Jon

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Right this PP offer is free bet if the SP wins

I would rather tie my money up in as many early races as possible and looking at the first race GetABird is a pretty good favourite with a record of 11-11 so literally doesn't know how lose so I'm slinging £10 on one of the other horses as I think the SP is going to win that race!
 

Jon

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Thanks for your help @Wibble

Like I suspect the majority of newbies, I'm feeling quite overwhelmed with all the Cheltenham offers. I've got a lot of them down on paper, but whether I manage to get them all on is another matter!
Yeah I mean it's easy to underestimate just how much there is to do and in tern how much money to be made.

Just look at this afternoon when £50 bet365 offers come in alongside a BetVictor one, the latter of which needed me to place a bet on a horse race to get the free bet tomorrow!

This is the reason why I always take the week off work as I just want to get the absolute most from it!
 

Wibble

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Been doing this for 10 years @NRS, Cheltenham is always mental :p

Better to do 2 or 3 offers properly and ignore the rest than do 1 wrong - horsie racing mistakes can be expensive.

Do one offer at a time, make sure its laid, then on to the next one until the bankroll or the head can't take anymore:D
 

Wibble

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This is my first year not in work during Cheltenham - at least I won't have to spend all day explaining why I want my horsies to finish second this year yipeeeeeee!
 

Jon

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Right I've slung £10 on Kalashnikov on PP and 6.0 and gonna hope the lay odds have dropped more by lunchtime tomorrow.
 

Jon

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Struggling to keep up here

Just logged into WH and got this as well

 

Wibble

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Theres a bet £20 on UK Horse Racing for a £10 bet tomorrow as well @Jon
 

Jon

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Theres a bet £20 on UK Horse Racing for a £10 bet tomorrow as well @Jon
I've just done it ;)

All about the 6:15 at Chelmsford!

I THINK that means I've got £45 in free bets on WH tomorrow let alone their double winnings thing
 

Pbrail

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I've just done it ;)

All about the 6:15 at Chelmsford!

I THINK that means I've got £45 in free bets on WH tomorrow let alone their double winnings thing
They are also doing the mobile price boost on every race as opposed to one per day, and 4 Flash boosts every 15 minutes from 12 Noon on all 4 days of the Festival.

William Hill and Bet365 looking like they'll be my 2 favourite bookies of the week.
 

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