Bet365 are offering a risk free bet up to the value of £50 if your Horse wins a Channel4 race at odds of 5.0 (4/1) or bigger. It is important to note that your risk free bet MUST be used on the next Channel4 race and you MUST use your own funds for this. Our funds will be in our account within an hour of race finishing should our risk free bet lose.
When and how can I place my bet?
With this offer you can place your bet on your laptop/desktop or your mobile phone, this can be done at any time once odds are out with both bookmaker and exchange.
Throughout the morning of the live Channel4 racing days from around 9.00am onwards Bet365 will offer a number of price boosts/price matches. These are brilliant for us to lock in guaranteed profit which in turn will cover any losses we make on any other Horse Racing refunds we do. These price boosts don’t last very long though so it is important to keep an eye on our ‘Close matches’ thread on our Facebook forum.
‘Long Run’ boosted from 5.0 (4/1) to 6.0 (5/1).
‘Long Run’ laying on the exchange @ 5.4
Using the Pure Profit odds matching calculator we then enter the boosted price which in this example is 6.0 and the lay odds of 5.4
For a £50 bet this will give us a guaranteed profit of £4.64 before the race has start and we still of course have a chance that our horse ‘Long Run’ will win, which would entitle us to a risk free £50 bet on the next Channel4 race.
Risk Free Bet
We have hit a winner equal to or above the odds of 5.0 (4/1), which means we have now qualified for a £50 risk free bet in the next race. So now we lock in profit by treating this as a free bet (SNR). It is important to note that although we want to find fairly high odds to increase our profits that it is a good idea to keep the odds above 5.0 (4/1) and below 11.0 (10/1) as this bet then qualifies us for the offer going into the next race, so we want it to have a decent chance of winning. So not only do we make risk free profits from this bet we also have the chance of getting another risk free bet on the next race should our selected horse win again.