HOT DAMN!!!
Every race I've bet on the last two days to get free bets (including a couple of sign-up offers) has seen my horse win with ease. I'm going to do a couple of bets unmatched each day at Cheltenhmam - I always do the Skybet offer unmatched - watch my luck change.
@Pbrail Yes, thank you. That makes it really clear for me. (Sorry for being dense lol). Many thanks for taking the time to do thisJust grabbing round numbers to make it simpler but.
Lets say you make 3 £10 bets on 3 different horses on the same race.
Lets say Horse A is your highest odds and requires £100 liability.
Horse B is £50 liability
Horse C is £20 liability
Because only 1 horse can win the race, your maximum exposure is never going to be higher than £100 because that's the 'worse case scenario'.
BUT, we can get that amount lower.
If Horse A wins the race, that means Horse B and C didn't and your Lay bets on those 2 horses are guaranteed to pay out at the exchange.
£100 liability pays out for Horse A, but you simultaneously get £20 back via Horse B and C meaning overall you can only ever lose a maximum of £80 from your Exchange.
If Horse C won, then you would lose no money at all from the Exchange because your £20 liability is equalled out by the £20 from Horse A & B paying out.
Does that example help?
cheers, I've just logged in but mine is slightly differentHad 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
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)..
bloody horse just went and wonplaced 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
Yeah I mean it's easy to underestimate just how much there is to do and in tern how much money to be made.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!