Whatever you do this weekend, DO NOT MISS this Bet365 Grand National 2021 offer! Simply place your bets on the Aintree Grand National 2021 and Bet365 will give us half our stake back for every each way bet we place, up to a maximum total refund of £125.00. Translated into matched betting terms, this gives us a minimum guaranteed profit of £83.40 and here’s how…
Key terms
- Applies to bets placed between 00:00:01 on Thursday 8th April 2021 and 11:59:59 on Saturday 10th April 2021.
- Available to eligible Bet365 customers who opened their account before 23:59:59 on Wednesday 7th April 2021.
- Applies to each way single bets.
- Bet365 will refund half of our total stake, up to a maximum total refund of £125.00.
- Cash refunds should be credited within two hours of bet placement.
How it works
If you’d like more information about each way bets and how they work, please see my each way arbing guide.
Bet365 will refund half of our qualifying each way bets up to a maximum total of £125.00. So, in order to claim the maximum £125.00 refund, we need to place each way bets totalling £250.00.
Bet365 are paying 5 places on the Grand National. If we lay our selection to place in the top 4, this offer then becomes an extra place race too. If you’d like more information about extra place offers and how they work, please see my extra place offers guide.
Qualifying bets
Option 1
You can place one each way bet totalling £250.00 or a number of smaller bets totalling £250.00. It’ll depend on your bankroll and how comfortable you feel with each approach.
In previous years I’ve suggested placing 1 x £125.00 each way bet to qualify for this offer. The benefit of opting for just the one horse is that the profit for hitting the extra place is pretty huge (£500+)! However, the downside is needing a huge amount (£1,000+) in your exchange account to cover your whopping liability.
Option 2
My advice this year is to place your qualifying bets as 5 x £25 each way bets. Only one horse can win the race, so we only need funds in our exchange account to cover the horse with the largest ‘Win’ liability, plus our ‘Place’ liabilities. With five horses selected, we stand a greater chance of hitting the 5th (extra) place, albeit for a much smaller profit.
It’s entirely up to you which horses you go for, but it makes sense to select some of the shorter priced horses, to help keep our outlay to a minimum.
At the time of writing, we could place one of our qualifying bets on Farclas at back odds of 21.00 (20/1).
Either exchange works for this offer
Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.
- Money back as cash up to £20
- 0% commission for 60 days
We can calculate our lay stakes using the ‘Extra Place‘ setting on my Each Way Calculator…
Placing our each way bet
Place £25.00 ‘Each Way’ on Farclas @ 21.00 = Total stake of £50.00
This means we have placed £25.00 on Farclas to win at odds of 21.00 and £25.00 on Farclas to place in the top 5 at odds of 6.00.
If you’re not overly familiar with each way betting, the place odds of our each way bet can be worked out as follows…
21.00 (decimal odds) – 1.00 (stake) = 20.00
20.00 ÷ 4 (place terms) = 5.00
5.00 + 1.00 (stake) = 6.00 (place odds)
For more information about betting odds, please see my ‘Betting Odds Explained‘ page.
Laying the ‘win’ part of our each way bet
Now that we have broken our qualifying bet down into two separate bets, we can lay each part at the exchange.
As you can see from the calculator above, we need to lay £21.89 against Farclas to ‘Win‘…
Lay £21.89 against Farclas to ‘Win’ @ 24.00 = Potential liability of £503.47
Laying the ‘place’ part of our each way bet
As you can see from the calculator above, we need to lay £19.28 against Farclas to ‘Place‘ in the top 4…
Lay £19.28 against Farclas to ‘Place’ @ 7.80 = Potential liability of £131.10
The overall profit/loss figures are shown at the bottom of the each way calculator above. We just need to add our £25.00 refund onto each total as follows…
| Outcome | Bet365 (Win) | Bet365 (Place) | Betfair (Win) | Betfair (Place) | Refund | Profit |
|---|---|---|---|---|---|---|
| Farclas wins | + £500.00 | + £125.00 | – £503.47 | – £131.10 | + £25.00 | £15.43 profit |
| Farclas places 2nd 3rd or 4th | – £25.00 | + £125.00 | + £21.45 | – £131.10 | + £25.00 | £15.35 profit |
| Farclas places 5th | – £25.00 | + £125.00 | + £21.45 | + £18.89 | + £25.00 | £165.34 profit |
| Any other outcome | – £25.00 | – £25.00 | + £21.45 | + £18.89 | + £25.00 | £15.34 profit |
So, as you can see, no matter the outcome of the race, we stand to make a minimum guaranteed profit of £15.34!
As mentioned earlier, Bet365 are paying 1/4 odds for the first 5 places. The ‘Place’ market at Betfair is for the first 4 places. This means that if Farclas finishes exactly 5th, we’ll win both the ‘place’ part of our Bet365 each way bet and also our ‘place’ lay bet at Betfair, giving us a potential profit of £165.34!
You’d be forgiven for thinking it’s an unlikely outcome, but we actually landed the extra place in 2015 for £419.04 profit!
At the time of writing, here are some other selections that we can place our qualifying bets on…
| Selection | Back Odds | ‘Win’ Lay Odds | ‘Place’ Lay Odds | Guaranteed Profit | Extra Place Profit | Actual Profit |
|---|---|---|---|---|---|---|
| Farclas | 21.00 | 24.00 | 7.80 | £15.34 | £165.34 | £165.34 |
| Magic Of Light | 21.00 | 26.00 | 6.80 | £16.46 | £166.47 | £16.47 |
| Bristol De Mai | 29.00 | 40.00 | 9.00 | £14.58 | £214.58 | £14.58 |
| Anibale Fly | 29.00 | 34.00 | 8.60 | £18.63 | £218.75 | £18.75 |
| Takingrisks | 41.00 | 44.00 | 13.00 | £18.39 | £293.60 | £18.60 |
It’s entirely up to you which horses you go for, but try and aim for a guaranteed profit around the £15.00 mark and above. As you can see, the higher the odds, the larger your profit will be if you land the extra place.
If you don’t yet have a Bet365 account, make sure you sign up soon so you don’t miss out on any big offers in the future. Bet365 have one of the best welcome offers around (£100.00 in bet credits) and their free bet offers on some of the big football matches are hugely profitable.
NOTE: It’s worth mentioning that you don’t have to lay the ‘Place’ part of your bets in the standard ‘Place’ market where 4 places are paid. You could lay them in the ‘5 places’ market instead where the odds are better. Better odds means larger guaranteed profits, but you would no longer stand to make extra profit by hitting the extra place.
* If your first bet on the race was on the winner, Minella Times, you should have qualified for a risk-free bet on the next ITV race, which is the 13:50 Newmarket on Wednesday 14th April 2021. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.