Cheltenham Festival 2021 Offer – Betfair Exchange

Cheltenham Festival 2021 is just around the corner and you don’t want to miss this Betfair Exchange free bet offer! Place £20.00+ in Exchange bets across UK and Irish racing each Saturday and get a £10.00 free bet to use on the Cheltenham Festival. Translated into matched betting terms, this gives us a guaranteed profit of £35.00 and here’s how…

Key terms

• Bet £20.00+ on UK or Irish horse racing each Saturday.
  • Saturday 13th February 2021.
  • Saturday 20th February 2021.
  • Saturday 27th February 2021.
  • Saturday 6th March 2021.
  • Saturday 13th March 2021.
• Applies to single bet stakes of £20.00+ or a number of smaller bet stakes totalling £20.00+.
• Applies to Exchange bets only (odds of 1.50+ for back bets).
• If you place lay bet(s), your liability will be considered as the stake.
• Maximum free bet of £10.00 per qualifying day.
• Free bets awarded on Monday 15th March 2021, valid on Exchange markets.
• Betfair Rewards ‘Basic’ customers are excluded from this promotion.

Qualifying bets

If Betfair is your primary exchange, you don’t need to think about this offer too much. Just place your horse racing lay bets as normal and provided you have total liabilities of £20.00 or more each Saturday, you’ll qualify for the respective free bet.

If Betfair isn’t your primary exchange, you can place qualifying back bets like any other ‘Bet & Get’ offer and lay them at another betting exchange.

If you’d like more information about qualifying bets and how they work, please see my qualifying bets guide.

We can calculate our lay stakes using my Matched Betting Calculator.

Aim to lose no more than £1.00 on each of our qualifying bets

So, we’ll lose a total of around £5.00 in qualifying for our 5 x £10.00 free bets.

Free bets

Our 5 x £10.00 free bets will be credited at 10:00 on Monday 15th March 2021. The free bets will be valid only on Exchange markets and will expire at the end of the Cheltenham Festival on Friday 19th March 2021. Free bet stakes will not be included in any winnings.

Using straightforward matched betting, we should be able to convert our free bets into 80% cash, so £40.00. If we take into account our total expected qualifying loss of £5.00, this gives us an overall guaranteed profit of £35.00 on this Betfair Exchange offer!