Cheltenham Betting Offers & How To Make £/€ 1,000 Profits

24/10/2018

Firstly, Please Avoid Prejudice of Betting = Gambling. We Do Bet but Don’t Count On Luck. Rather, we do 6 Advantage Plays based on mathematical edge to beat the bookies, casino & bingo. When it comes to Sports Betting & Horse Racing, we use Matched Betting / Sports Arbitrage / Value Bets On Proven Tipsters to lock-in profit or consistently earn extra income for long-term. With that said, one of our policies is “Betting On Luck Is For Losers, Stop Gamble Betting But Bet on Only +EV (Expected Value)To Win Reliably. It is effectively our way to promote Responsible Gambling, and we strongly support GamCare being explained in about us.

We, Global Extra Money (GEM) would like our readers to exploit those reliable money making opportunities as much as possible. Sharing the method to lock-in profit / maximize profit from Cheltenham Betting Offers is part of our efforts to achieve that objective.

BTW, all the bookmakers we list not only in this article but also in our entire site are needless to say legitimate and being regulated by UK Gambling Commission or prominent gaming control board such as International Association of Gaming Regulators (IAGR), North American Gaming Regulators Association (NAGRA) & Gaming Regulators European Forum (GREF) etc. So, basically they are remote from scum, fraud or any wrong doing, just FYI.

 

We cover the following subject in this Cheltenham Betting document;

• What’s Cheltenham Festival Betting & Why Is It So Profitable?
• How To Make Cheltenham Betting Offers Risk-Free / Lock-In Profit
• Preparation & Key Tips For Cheltenham Betting
• List Of Best Cheltenham Offers & Instruction
• Wrap Up

Cheltenham Betting From 2018 To 2019
Cheltenham Festival 2018 is over. We’ve been happy to learn that many of our members made several hundreds to 1k+ from the 4 days using this Guide that finally includes nearly 50 Offers after we update every day. We will replace this guide to Cheltenham Festival 2019 Betting Offers Guide By Renewing Information in due course. In the meantime, please review this document & get ready for the next. Preparation is Everything!!

What’s Cheltenham Festival Betting & Why Is It So Profitable?

Cheltenham Festival Basics

Let me excerpts what is Cheltenham Festival all about from wikipedia;

Yes, Cheltenham Festival is the largest Jump Racing a.k.a. National Hunt Meeting only after Grand National Meetings in April. For full British horse racing key events schedule, see BHA (British HorseRacing Authority) and please find the detail Cheltenham schedule in the next sections.

Why Is Cheltenham Betting So Attractive?

As wiki describes, huge amounts of money will be poured into betting market during the Cheltenham Festival 4 Day period (said to be over £150 million). And all the bookies work hard to get better share out of it by providing competitive offers. That’s an excellent opportunity for us advantage players to make money efficiently by making the most from the bookmaker offers. Key types of such offers you can expect are;

Some bookies provide juicy offer every day like Sky Bet;You will see the full list of currently announced offers later and we’ll keep updating the list whenever we find the new offer. So, suggest you come back to this document every day while checking your e-mail box if you receive any exclusive offer.

How Much Can Matched Bettor Make Money?

See the info from Profit Accumulator (PA). PA is a premium subscription service for matched betting (see our Profit Accumulator Full Review for the details). They reported £936.12 average profit during 4 days meeting as below;

It is based on their 185 members samples. See below for rationale;

Not bad, isn’t it?
In fact, it’s very good, that’s why you should not overlook Cheltenham Betting Opportunity.

Cheltenham Betting – Key Info

Let me list up a few key information you may want to know related to Cheltenham Betting.

Overall Schedule

Cheltenham Festival 2018 Schedule: From Tuesday, March the 13th to Friday March the 16th for 4 Days. There are 7 races each day, giving a total of 28 races.

For full 28 days schedule, expand the below box by clicking +

Feature Race Schedule

Each day at Cheltenham has a feature race, which are counted among the most important events in the world of horse racing. Means, bookies try to make offer to the feature races therefore you need to pay attention to;

The below shows William Hill’s info , which may give you a bit of insight on which races got attention & favorites on top of the above feature race, just FYI;

Besides, there are several other Grade 1 races that include the Neptune Investment Hurdle, JLT Novices’ Chase and JCB Triumph Hurdle etc. Just FYI.

TV Broadcasting

All through the 4 days, the races are broadcasted by ITV, see the ITV Racing Schedule; Obviously, bookies running ITV Racing offers such as Bet365 will run usual Saturday Offer for every televised Cheltenham race.

Jocky & Trainer

You may find a few offers related to Jocky or Trainer like the below Ladbroke’s 2017 offer;

So, it’s better to get used to the star names like below;

Jockeys

Ruby Walsh and Nico DeBoinville

Trainer

Nicky Henderson and Willie Mullins

Horse

Douvan, Apple’s Jade, Un de Sceaux, Native River and Cue Card.

Odds Comparison

Finally, when it comes to the odds comparison among the bookmakers, use Oddschecker

, which is a convenient tool to locate which bookie gives you the most competitive odds.

How To Make Cheltenham Betting Offers Risk-Free / Lock-In Profit

As briefly said, our underlying methods to lock-in profit is Matched Betting. We use various techniques based on matched betting concept to turn bookies tasty Cheltenman Festival Offers into Real Cash Profit Risk-Free.  Anybody who are already familiar with the matched betting, please skip this section.

Matched Betting – Underlying Method Of Lock-In Profit

For those who are not familiar with the matched betting at all, suggest take a look at Matched Betting For Dummies – 9 Essential Things You Should Know Before Staking Any Real Money where you will find every basic about the matched betting. However, for your quick start, I’ll briefly explain how it works by using Sky Bet Sign-Up Offer (for the above Skybet Cheltenham Offer, see the specific instruction later) as the simplest example for your easy understanding.

The offer is “Bet £5 Get £20 Free Bet”.
See the T&C.

What we basically do are;

• 2 transactions of Back (bet on win) £5 on Team or Player A or Horse A at odds of 2.0 < at Sky Bet & Lay (bet on NOT win) appropriate £ (stake can be calculated by free software) on the same Team or Player A or Horse A at Betting Exchange like Betfair or SMarkets so that you cover all outcomes.
• Regardless of the outcome, your losing & winning will cancel out each other. In the real practice, usually, 2 bets are not perfectly offset due to the odds difference & exchange commission. Therefore you make a small loss called Qualifying Loss.
• But now, you get £20 Free Bets. You repeat the exact same process but using the free bet for the back bet at Sky Bet. Then, this time free bet value (minus qualifying loss) will become your net profit.
• You may be able to extract around £15 – 18 pure profit from this offer Without Any Single Risk.
• Success factor is how to minimize the qualifying loss by selecting the player whose odds gap (between Sky Bet & Betting Exchange) is the narrowest. You can use Free Odds Matcher to locate such opportunities. For the step by step process, take a look at Risk Free Betting Starting Guide (3) – How To Extract Profit from Free Bet. You will find William Hill sign-up bonus case as an example in this instruction. BTW see William Hill Cheltenham Schedule as well.

Betting Exchange

As you see in the above process, betting exchange is essential for matched betting. Therefore, it’s critical to adopt the right approach toward the betting exchanges from the beginning, which will affect your long-term profit. Suggest you take a look at Bet Exchange – How To Sign-Up & Lock-In Profit Wisely With Best Offers, where you find the Smart Tactics on How To Use Which Bet Exchange in Which Occasion with spoon-fed like instructions. Based on reasons explained, I suggest SMarkets rather than Betfair for the 1st sign-up bet exchange. Therefore, again, for your quick start, I prepared a step-by-step guide for how to sign-up SMarkets and extract cash from its £10 Risk-Free Bet bonus. Actually, this is one of the easiest offers to lock-in profit in the industry. Please click “+” mark to open the instruction;

SMarkets Sign-Up Process with Screenshots

Please follow the below process, which takes less than 10 minutes to complete;

Update & Confirm T&C (Terms & Conditions)

• Firstly, Go To SMarkets Front Page confirming the availability of £10 Risk Free Sign-Up Promotion

• Read welcome bonus T&C. I know it’s a boring stuff but never try to save time by skipping it to avoid any unpleasant future surprise;

Simple Sign-Up By Filling Information

• After confirming the availability of the offer & reading the T&C,  click “Start Trading”

• Fill-in the required information related to Account, Personal Information & Deposit;

A Few Key Points

• For the deposit method, suggest use Visa Debit card if possible. Because depositing by Mastercard or credit card incur a 2.5% deposit fee, bank transfer takes a few days. Importantly, Skrill & Neteller deposits are not eligible for the £10 bonus.
• Suggest you deposit at least £100 because you need to prepare for the relatively high lay liability in SMarkets when you extract free bet in the matched betting.
• Account Verification. You will receive the below e-mail to verify account. Suggest you do it as quickly as possible to prevent any future transaction delay;

  

• That’s it. You’re now ready to place lay bets to construct matched betting once you sign-up the bookmakers.

How To Extract Cash From The Offer?

As said, SMarkets signup offer is probably the easiest one. Because you don’t have to do anything. SMarkets will refund your first £10 loss. Yes, even you win thousands of £ before you lose £10, SMarkets will refund that first £10 loss. So, just keep doing the matched betting, and whenever you lose £10 for the first time in SMarkets, you will be refunded, and as you’re aware it’s your profit.

Some Good News

• Very simple, isn’t it? SMarkets & all other bet exchanges I list in the betting exchange guide are fully licensed & regulated by UK gambling commission. And they all register in IBAS – Independent Betting Adjudication Service, thus you can let IBAS resolve when you face any problem with them.
• Remember, any income from the matched betting are Tax Free in the UK / Ireland as long as it is not considered as your main source of income.

Matched Betting Specific Process Between Sky Bet & SMarkets

Then, I will quickly show you how to make your 1st matched betting between SMarkets & Sky Bet by using Sky Bet Sign-Up Offer. Click the below “+” which opens the step-by step process with the screenshots;

Sky Bet & SMarkets - Step By Step Matched Betting Process with Screenshots

Before Sign-Up, T&C, T&C, T&C —

• Firstly, read both bet exchange (again to ensure you follow everything required) & bookmaker sign-up bonus T&C. Allow me to reiterate that it’s a boring stuff but never try to save time by skipping it to avoid any unpleasant future surprise. They can change & update T&C anytime, therefore it’s essential to follow their latest guideline. Some of the key points are; Minimum Odds (1.5 Over etc.), Device (via PC, Mobile etc), Deadline (by when such as within 7 days after deposit), and as said in the Sign-Up process, Deposit Method (often Skrill / Neteller deposit is not eligible for the sign-up offer) etc

Sky Bet Sign-Up

• After reading the T&C, start registration by clicking “Join Now”;
• No-brainer, just fill-in your personal information as usual sign-up form;

  

  

  

• Finally Deposit page, you need only £5 to deposit for the qualifying bet though, suggest deposit at least £10 to be seen not a bonus hunter but a casual bettor;

• After you complete the successful registration, you will receive the confirmation e-mail as below;

Account Verification

• If you are required to verify your account, do it as quickly as possible. Sky Bet says “We need Proof of ID (Passport/drivers license) and proof of address dated within the last 3 months (utility bill/bank statement). You can email these off to docs@skybet.com and we will look to get your account verified in 24 hours.”

Now, Time To Start Matched Betting – Find Sports Event & Calculate

• Go Free Odds Matcher to look for the appropriate (means the tightest odds gap between Sky bet & SMarkets) sports event. You chose Sky Bet as a bookmaker;

  

Odds Selection Tactics – Qualifying Bet

• For the qualifying bet (means not free bet but your own money), the Shorter (means smaller) the better. Because the shorter odds usually allow you to find narrower gap between bookmaker odds & bet exchange lay odds, thus better profit. Sky Bet requires minimum 2.0 odds. So just use filter function to set something like 2.0 – 6.0 (you can set the highest as you want) and select the event.

• The oddsmatcher displays the list as below;

  

• The best event (means, the narrowest odds gap between Sky Bet & Bet Exchange) is Fontwell horse racing at 15:45, Puppet Warrior. So, let’s check if these odds are still available in both Sky Bet & SMarkets.
• Unfortunately, Sky Bet already reduced the odds from 2.88 to 2.75;

  

• However, SMarkets lay odds also lowered;

  

• The odds always change like this, so don’t worry. What we do is to see if the updated odds are still worth by changing the lay calculator (it appears when you click “i” icon at the right end of the event in the oddsmatcher table) manually as below;

  

• The calculator indicates that with the new odds, our qualifying loss will be 12p, 2.4% loss, no matter our horse Puppet Warrior wins or loses, which is acceptable level.
• So, all you need to do is to follow the calculator. Namely, back £5 on Puppet Warrior at 2.75 at Sky Bet while laying £4.98 on the same horse Puppet Warrior at 2.78 at SMarkets.
• The race result doesn’t matter though, the final result is;

Just FYI.

Odds Selection Tactics – Free Bet

• After setlling the above qualifying bet, Sky Bet will give you £20 Free Bet.
• Now, all what you need is to repeat the process of back & lay that we just completed. However, when it comes to the odds, unlike the Qualifying Bet Case, the Longer (means larger) the better because your free bet will not be returned when you win. This type of bonus is called SNR – Stake Not Returned (see further details), and free bet is usually SNR.
• So, let’s set the odds range, say between 6 – 15;
• You can always find a list of the candidates as shown below. Let’s see the top 2, which are both horse racing of Lingfield, “Goodbye Lulu” & Kempton “Royal Birth”. Although Lingfield one is positioned the best but it’s based on SR (Stake Returned, means normal betting case). But, we’re using Free Bet that is SNR (Stake Not Returned). Therefore the 2nd one of Kempton of which odds is longer, must be more appropriate choice (See the calculation later).

  

• You click “i” mark at the right end, which will navigate you to the screen highlighting the action. That is Backing “Royal Birth” at 10.00 in Sky Bet and Laying off “Royal Birth” at 10.50 in SMarkets;

Automated Calculation

• You click yellow “Calculator” mark, which will navigate you to the calculator below;

  

• Actually, it gives you everything you need to know. Although the necessary inputs are automatically done, you need to chose Stake Not Returned mode at the right top since it is a Free Bet (default mode is Qualifier, so you have to change manually).
• The key inputs you need to double check are; Stake £20 in Sky Bet. Back Odds 10 & Lay Odds (in SMarkets) 10.05. Commission, Sky Bet 0 but SMarkets 2%. Then, the calculation says you need to lay £17.18 at SMarkets, and your final profit will be £16.83 regardless of the outcome. Means no matter “Royal Birth” wins or loses, you will earn exactly £16.83.

If Chose The Top Rated Kempton “Goodbye Ludu”

• If we chose the Kempton “Goodbye Lulu”, the final profit is £15.90 that is lower than £16.83;

  

Note – Lay Liability

• Although, the longer odds is preferable to achieve better profit for Free Bet case, we need to be careful for Lay Liability. The longer the odds, the bigger the lay liability is. In the above case, laying “Goodby Lulu” requires £94.10 but “Royal Birth” need £163.17. So, if you don’t have enough balance at exchange (Smarkets), choosing “Goodby Lulu” is an optional approach.
• For this particular issue of lay liability, How To Minimize Exchange Lay Betting Commission & Liability For Matched Bettingwill be of your help.

Placing Bets

• Now, we will construct the matched betting by placing the stake both in Sky Bet & SMarkets. Firstly place bet at Sky Bet. Remember, you should place the bookmaker’s bet first, this is an important theory (don’t think too much at this stage just follow this principle, you will know why in due course). So, go to Sky Bet, confirm if the odds is still 10.00. If it changes, you need to recalculate the lay stake & profit by just updating the number in the calculator. You can change manually very simple. If it’s 10.00, then place £10 on “Royal Birth”;

  

• Then go to SMarkets. The same practice. Confirm if the odds is still 10.05. In SMarkets (basically more or less the same among all bet exchange), there are 2 parts of Blue Colour (right side) & Green Colour (left side). You need to Chose Blue Colour for Lay. Green colour is Backing. In bet exchange, you can also back, but at this stage I don’t want to confuse you, so just remember you chose Blue to lay;

  

Final Profit

• That’s it. Just wait for the outcome. The below shows the final profit no matter “Royal Birth” wins or loses;
• Qualifying Bet: (-12p) Loss
• Free Bet: £16.83 Profit
• Total: £16.71 Net Profit

Actual Result

• Do you want to know the actual result of the race?

  

• So “Royal Birth” didn’t win but finished at 2nd, anyway you will not be bothered by any results, just FYI.

If it’s your first betting experience, you may take 10 minutes each for sign-up SMarkets & Sky Bet. And took probably 30 – 40 minutes to complete the whole matched betting process (both qualifying bet & free bet). Or I would say you’d better take enough time to avoid careful mistake.

After you construct a few matched betting, you should be able to finish the same process within 20 minutes.

The important thing is to keep doing and your efficiency will be improved exponentially.

Preparation & Key Tips For Cheltenham Betting

Let me list a few things we suggest you do prior to the Festival.

Bookmakers’ Accounts

It’s the excellent opportunity to rake all available bookmakers offers. So ensure you have the key bookmakers’ account, especially the ones who provide tasty offers you find in the List later. Just in case there are any bookies you haven’t yet had the account, follow the instruction we showed the above and extract all the welcome offers before taking up Cheltenham Festival Offers.

BTW, all the bookmakers we list not only in this Cheltenham Festival betting offer article but also in our entire site are needless to say legitimate and being regulated by UK Gambling Commission or prominent gaming control board such as International Association of Gaming Regulators (IAGR), North American Gaming Regulators Association (NAGRA) & Gaming Regulators European Forum (GREF) etc. So, basically they are safe, just FYI.

Bankroll

Given the intensity of the offer, suggest you have enough bankroll especially in Betting Exchange (s). Well, how much is enough? Depending on the target of the profit though, you may want to prepare a few thousands £ in at least 2 exchanges like Betfair & SMarkets. Anyhow, we share 1 key tactics & 2 methods to maximize efficiency of your bankroll as follows;

Basic Tactics

As kept emphasizing in this documents, you will be overwhelmed by many offers. If you have limited bankroll (or even if you have big fund), the most important approach to improve your efficiency is PRIORITIZARION. Means, you focus on High EV (Expected Value) Offers – see the  10 Horse Racing Refund Offers – Value Based Best Selection & Tactics To Win.

Briefly, never fail to take up all your eligible offers being listed later, most of them are guaranteed profit. Don’t let your money get tied with low probability, means low EV offers such as 2nd to SP, Beaten by Head, or Neck, and Faller Insurance etc.

Commission & Liability Sharing Technique

There are a few simple techniques that can save a lot of your bet exchange commission and reduce the burden of your lay liability (this is the cause to require a lot of bankroll in betting exchange). Please visit our document of How To Minimize Exchange Lay Betting Commission & Liability For Matched Betting, where you find the step by step instruction to increase your fund efficiency & improve profits.

E-Wallet

Another cause that requires a lot of fund is the time taken to withdraw the money by credit / debit card. One of the most frustrating elements of Matched Betting is the irritating moment when all of your bets win into the Bookie account, leaving your Exchange account empty. You then have the long withdrawal period whilst you wait for your funds to reach your bank account to top Exchange up again. The most effective way around this problem is to use E-Wallets and the most popular ones in the gambling industry are;

The biggest advantage of them are transaction speed especially withdrawal from bookmakers to your e-wallet account, usually within a few hours, rather than a few days of bank cards. Thus, you can efficiently use your bank.

Caution

Many bookies don’t accept e-wallet as the 1st deposit to claim welcome offer. So, if you’re opening the account, don’t use this options.

Pre-Practice

In case you’re a matched betting newbie, suggest you make some practice before the festival. If you start subscribing Matched Betting Premium Service that provides advanced software such as Racing Matcher, Each Way Matcher & Extra Place Matcher etc. it’s a must to get accustomed to how to use it. The links I attached for each software will navigate to Oddsmonkey’s explanation page. If you need more information, please take a look at our Oddsmonkey Full Review.

Profit Accumulator I introduced before also provide similar range of software, so you would like to make comparison between these 2 by checking our full review and their each sign-up offers.

Get Organized & Place Early

As kept saying, it will be a very intensity work with a lot of races filled by a lot offers. Just jot down your schedule for planned bet placements well in advance. The more organized you are, the less likely you are to make any simple mistakes, thus more profits.

Ante Post

What’s ante post? According to SMarkets;

So, the Ante-Post is basically the market of betting before the final declarations are known. Then, when is the final declaration made? As usual, a bit complicated but according to BHA, usually 24 – 48 hours before the day on which the race is advertised to be run. The odds in Ante-Post market is better, but if your horse becomes non runner, your bet will be a losing bet in the bookmaker.

NRMB (Non Runner Money Back)

As we list the next section, several bookies offer NRMB (Non Runner Money Back) or NRNB (No Runner No Bet). What’s it? It means, even your Ante-Post becomes non runner, bookmaker will not treat it as a losing bet but refund you. So, NRMB offer allows you to place bet at possibly better odds without losing risk. What about the Betting Exchange?

SMarket will make back bet a losing bet (once the race has been declared) and lay a winning bet. However, Betfair will make it voided bet for both back & lay. So, when you lay at Betfair, you will generate pure loss of your back bet at bookmaker if there is no NRMB. That’s what I confirmed via Betfair Live Chat before, but now the another live chat with Betfair shows

Very confusing. So, at this stage I can’t clarify the Betfair’s definite ante-post rule. But, the important point is as long as you get the NRMB offer, you seem to have little risk of losing any money but possibly get profit in the exchange (s).

Account Restriction – Precautionary Actions

Account restriction is the biggest problem for the advantage players. Many matched bettors seem to worry about taking too much value from Cheltenham Betting Offers, which may instantly lead to Gubbing.

Gubbing Pre-Festival

It doesn’t make sense to being gubbed before such tasty period. Therefore, suggest you take a look at 23 Smart Tactics To Avoid Bookie’s Account Restriction & Solutions After Being Gubbed

Gubbing During Festival

However, all bookies are totally overwhelmed whole through the 4 days. Given the yet tiny portion of matched bettors out of the total betting market, their priority should not be paid to locating the bonus abusers (this is what bookies describe matched bettors). Although there is no guarantee, we think it’s even safer to grab value than the calm period. Anyhow, if you are gubbed, revisit the above document where you find the techniques to make money even in your restricted account.

List Of Best Cheltenham Offers & Instruction

Special Sign-Up (Account Open) Offer

SMarkets (Betting Exchange)

Offer

“£40 in risk-free bets for Cheltenham” – Given their usual sign-up offer of £10 risk-free bet, this one time special offer is extremely good. For those who have not yet opened SMarkets account, I can’t see any better opportunity than this. T&C

Instruction

To get this offer, You need to use the code “CHELTENHAM2018”. Just go to Special Cheltenham Sign-Up Page , and click “Claim Bonus” Box (green box at left bottom shown in the right image). The code is automatically filled, thus all you need to do is to just follow the sign-up process by inputting your personal information etc. For extracting the offer, £10 Risk Free Bet applies to Every Feature Race at 15:30 (refer to the schedule I previously listed) for all 4 days, thus total £40. Your losing bet can be from back bet or lay bet, doesn’t matter. For easier calculation, you may want to use back bet but in this case you need to add commission both back & lay (should be in other exchange because the free bet applies to Net Loss). For detail instructions, see Risk-Free Bet Guide. If you need any assistance from us, don’t hesitate to contact us.

Invitation Only

Betfair (Betting Exchange)

Although it says invitation only, I suppose most of the account holders receive the invitation. The key point I want to remind is Don’t Fail To Check Your E-Mail In-Box every day to avoid overlooking (see “PS” at the end of this article as well).

Offer

You will be eligible to pay a 0% commission rate (as opposed to your usual higher commission rate) on all single bets which you place via the Betfair Exchange on 2018 Cheltenham Festival Day Of The Race markets. This doesn’t apply to Ante-Post market. T&C

Instruction

No-brainer, all you need to do is Opt-In, and make sure you get the Accepted Signal like the image on the right. I’m not sure if you’re still in time for this offer though in case you still don’t have Betfair Account, see All Available Sign-Up Offers of 4 Big Betting Exchanges.

MyClubBetting

Looks this offer is invitation only, please check your e-mail if you received it.

Offer

“Cheltenham Special Offers” – They provide 4 Offers, click + below box to see the screenshot of it;

MyClubBetting Offer Screenshot

Instruction

Since the multiple offers can apply to the same race (but you can claim only 1 offer per race, maximum of a £30 free bet), you have better chance to hit any of 4 offers especially when you bet the 1st race of the day. For the process, just follow the matched betting standard guide: Qualifying Bet Placement & Extract Profit From Free Bet

Betstar

This offer is not appeared in their promotion page and people receive it by e-mail. But the T&C doesn’t specify e-mail invitation only. It requires Opt-In. Anyhow, check your e-mail (they repeat the same offer for the Day 2 & Day 3 as shown in the box);

Offer

“Cheltenham Free Bet” – They give £20 Free Bet If Bet £50, click + below box to see the screenshot of T&C;

Betstar Offer Screenshot

Day 2

The same offer for the 2nd day (Now you need to Opt-In Challenge Window in your account);

Day 3

Instruction

Check your e-mail, if you find the offer, follow the T&C, the offer may vary, but the process can be the standard matched betting: Qualifying Bet Placement & Extract Profit From Free Bet

NRMB (Non Runner Money Back) or NRNB (No Runner No Bet) Bookies

The following bookies provide NRMB;

Note: Don’t fail to check the T&C because each bookie may require different condition such as Betfred (apply selected races – feature races only) or William Hill (Apply only if the horse doesn’t run in any other Cheltenham races during the period, thus refund will be made after the festival is over) etc.

Build Up

Dabblebet

Offer

“Start Cheltenham Festival with a headstart by earning free bets in advance!” Place a £20 bet on any horse racing market (odds 1.5 <) between now and the start of the Cheltenham Festival on 13th March, and you will earn a £2 free bet for the festival. Up to a maximum of £20 a week. Bet must be single selections only. T&C

Instruction

Simple matched betting. Place 10 x £20 bets (all on different races) each week, lay in normal mode. Receive a Free bet for each day of the 4days Cheltenham Festival. Use the standard matched betting guide: Qualifying Bet Placement & Extract Profit From Free Bet

Unibet – No Longer Available / Confirmed that Those Who Already Opted-In Are Qualified

Offer

“Build a bank for Cheltenham with our bonus builder” – Get up to £50 Bonus. Place bets on horse racing between 5th – 11th March (odds 1.4<) Receive free bonus money (1x Wagering) on 12th March. T&C

Instruction

You can also use simple matched betting for this offer. Opt in to the promotion place bets £250 in total to get maximum £50 Bonus. Follow the standard matched betting guide: Qualifying Bet Placement & Extract Profit From Free Bet

Ladbrokes

Offer

“Download The App Get a £10 Free Bet” – Get a £10 free bet on the Cheltenham Festival when you download the Ladbrokes Sports Betting app via either App Store or Google Play on your mobile or tablet.

Instruction

After download the app, place a qualifying bet of £5+ between 18:00:01 (UK time) on Friday, 9th March 2018, and Tuesday, 13th March 2018, 13:29:59 (UK time), to receive a £10 free bet for any race in Cheltenham Festival. For the process, follow the matched betting guide: Qualifying Bet Placement & Extract Profit From Free Bet.

LeoVegas

Offer

“Earn free bet on the first race of Cheltenham” – 1 Mobile Free Bet credited when 5x qualifying bets are placed and settled between 12:30 on 09/03/18 – 22:59 on 11/03/18. 5x £10 min stake, min odds EVS. T&C

Instruction

No need to opt-in, place 5 qualifying bets by using simple matched betting. £5 Free Bet will be credited on Tuesday 13th March 2018 by 12:00 PM to use on the Cheltenham Festival – the Supreme Novices Hurdle. Follow the standard matched betting guide: Qualifying Bet Placement & Extract Profit From Free Bet . The free bet is not big but just £5, but LeoVegas odds adjustment is quite slow (same as Betfred), thus it’s very easy to manage matched betting. In fact I completed all 5 qualifying bet without single loss and nearly £2 qualifying profit (I use Oddsmonkey oddsmatcher rather than free oddsmatcher, which helps improve your profit, just FYI).

Matchbook (Betting Exchange)

Offer

“Imperial Cup Double Your Winnings” – Back the Winner (Win Market Only) (Pre-Race only) of the Matchbook Imperial Cup at Sandown between 12:00 GMT 08/03/2018 and the start of the race 14:25 10/03/2018. If the Winner of the Matchbook Imperial Cup goes on to win any race at the 2018 Cheltenham Festival you will get double winnings T&C

Instruction

Use simple matched betting by backing any horse at Matchbook. But, remember Don’t Lay at Matchbook or you won’t be eligible for the offer. If your selection wins the race and again wins a race at any of Cheltenham Festival race, you will get double winnings to £100. Follow the matched betting guide: Qualifying Bet Placement & Extract Profit From Free Bet

William Hill

Offer

“Cheltenham Festival Get a £10 Free Bet On Day 1” -Bet a total of £20/€20 or more on the Imperial Cup (Saturday 10th March, 14:25), and receive a £10/€10 free bet to use on any race at day 1 of the Cheltenham Festival (Tuesday 13th March 2018). T&C

Instruction

Use simple matched betting for this offer. No need to opt-in, just place the qualifying bet (1.5 < odds) in the Imperial Cup, Sandown and get Free Bet. Follow the standard matched betting guide: Qualifying Bet Placement & Extract Profit From Free Bet

Titanbet & Winner

These 2 are clone sites, and provide the identical offer (for further details take a look at Titanbet Offers – Smart Ways To Rake £2,000 Cash From Acca Bet), which are;

Offer

“Imperial House Free Bet” -Place a win or each way single on 2:25 Sandown (Saturday 10th March) and receive a free bet for the first race of the Cheltenham Festival (1:30 Cheltenham – Tuesday 13th March). Winner T&C and Titan Bet T&C

Instruction

Exactly the same as the above William Hill offer instruction. Use simple matched betting for this offer. No need to opt-in, just place £5< qualifying bet (no minimum odds seems to be required) in the Imperial Cup, Sandown and get Free Bet (the win part of your stake) up to £10. Follow the standard matched betting guide: Qualifying Bet Placement & Extract Profit From Free Bet

Betstar

Offer

“Bet on the Imperial Cup and get a Free Bet for the first race of the 2018 Cheltenham Festival” – Place a $/£/€25 single bet on the 14:25 Imperial Cup at Sandown Get $/£/€10 as a Free Bet for the 13:30 Supreme Novices’ Hurdle at Cheltenham. T&C

Instruction

Exactly the same process as the above William Hill, Titanbet. No Need To Opt-In, But check you receive the offer by e-mail to ensure your eligibility. There seems to be no minimum odds requirements. Your Free Bet will be credited to your account before 12:00 on Tuesday, March 13, 2018.

William Hill

William Hill added another 2 build up offers at the last minutes as below;

Offer

“How to head to Cheltenham with two free bets” – They provide additional 2 Offers, click + below box to see the screenshot of it;

William Hill Offer Screenshot

Instruction

Check the T&C of £5 Free Bet & £10 Free Bet, and follow our standard matched betting guides of  Qualifying Bet Placement & Extract Profit From Free Bet  since both of them are Bet XX Get XX FB simplest offer.

Daily or Whole Day Offer

Sky Bet – Every 1st (13:30) Race

Offer

“Sky Bet Supreme Novices Hurdle – Money Back As A Free Bet If You Lose” It is for every 1.30 Cheltenham race T&C

Instruction

Place a £20 bet on the 1st race of the Cheltenham Festival Each day, use Risk-Free Matched Betting Method. If your bet wins you are in profit instantly, if it loses you will receive a £20 free bet within 24 hours. Follow the standard matched betting guide of Extract Profit From Free Bet within 3 days of being credited.

BTW, for full instructions on Sky Bet existing offers, see Sky Bet Offers 2018 – The Best Guide To Guarantee Profits.

Betway – Every 1st (13:30) & Last (17:30) Race

Offer

“Money Back as a Free Bet if you LOSE – First & Last race every day at the Cheltenham Festival” T&C

Instruction

Place a £10 bet on the 1st or last (or both) races each day of the festival. Exactly the same process as the previous Sky Bet. Follow the Risk Free matched betting guide and standard guide of Extract Profit From Free Bet if you received refund.

BTW, for full instructions on Sky Bet existing offers, see Betway Betting 2018 Offers – The Best Guide To Achieve Sure Winnings.

Paddy Power – 1st Day (13th Mar) All 7 Races

Offer

“MONEY BACK AS A FREE BET IF THE SP FAVOURITE WINS ON ALL DAY 1 RACES ” T&C

Instruction

Place a bet of up to £10 on any of the races on the 1st Day at Cheltenham. You Have 7 races. On top of the standard matched betting method, you may want to use Trigger Bet approach to lock-in profit. Simply make extra lay on short priced SP favourites See the detail process in Trigger Bet Guide.

BTW, when it comes to Paddy Power offer, also take a look at Paddy Power ACCA Insurance Will Make €/£1,000 Risk-Free Profit, when you have time.

21Bet – All 28 Races

Offer

“Festival Free Bet Frenzy – Free Bets For Every Winnergs, Daily Free Bets Guaranteed” This promotion will run on every day of the festival – so there’s a possible £1000 in free bets up for T&C

Instruction

Simple matched betting. Place £5 every race every day (make sure you start placing bet from 00:01 on Monday 12th March, not before) by following Qualifying Bet Placement & Extract Profit Fron Free Bet.

Although this is Back A Winner concept, but given the uncertainties of free bet amount, you can’t use Lock-In Profit by Over Lay Technique, just FYI.

10Bet – All 28 Races

Offer

“CHELTENHAM FREE BET CLUB” –  Place 5 Bets (odds 1.2 <) of £5 or more Every Day and Get

£5 Free Bet for the next day’s Cheltenham race. T&C

Instruction

No-brainer. Just use simple matched betting. Importantly, Don’t Forget To Opt-In EVERY DAY before placing 5 qualifying bets. The free bet should be used for the bet at 1.8 – 8.0 odds. Follow the standard matched betting guide: Qualifying Bet Placement & Extract Profit From Free Bet

10Bet – All 28 Races

Offer

“CHELTENHAM ACCA INSURANCE” –  Opt in and place an ACCA with 4 or more Cheltenham selections on the same day of the Festival. If 1 leg comes up short, you will get refund your stake as

a Cheltenham Free Bet of up to £20  T&C

Instruction

Firstly, if you’re not familiar with How To Construct Acca Matched Betting, take a look at
How To Lay Off Multiple Bet & Accumulators – Step By Step Guide For Newbies then for the specific instruction on Acca Insurance, please follow the guide of How To Lock-In Footy Accumulator Profits with Customized Lay Calculator

Unibet – 2 Races Every Day

Offer

“Cheltenham Money Back” – Simply bet £20 or more on the winner of the selected races (two per day) and if your horse finishes second we will refund you with £20 cash. T&C

Instruction

Eligible bets are; 13/03 – 2.50 & 5.30, 14/03 – 2.50 & 4.50, 15/03 – 2.10 & 4.10, 16/03 – 2.10 & 5.30. For the instruction, go of 6 Best Ways To Make Extra Money from Horse Betting 2nd Place Refund.  Given the large number of horses in each race, it’s quite unlikely though if there are any race exchange offer only 2 places, you can lock-in profit by using our spreadsheet. See 2nd Place Refund Horse Betting Calculator For A Guaranteed Profit.

William Hill – 4 Races Every Day

Offer

“Flash Odds Happy Hour” – William Hill give you racing Flash Odds every single day, and they’re multiplying that by four for the festival. So each midday, stay tuned for a different offer every 15 minutes, all available for a quarter of an hour.

Instruction

Visit William Hill at 12:00 every day and check the Price Boost Every 15 Minutes (all together 4 races). Compare with Betting Exchange Lay Odds and if you can locate arbitrage condition, go for instant profit. Follow the instruction Enhanced Odds Betting Guide.

Combined With Other Offers

William Hill apply their usual promotion of High 5 to all Cheltenham Races T&C . The EV of High5 itself is Not So High, but together with such Flash Odds, obviously it will become a good windfall. Therefore, suggest you don’t miss the opportunity of the Flash Odds – Allow me to remind you that it starts 12:00 and gives you 4 offers for 1 hour, and each offer lasts only 15 minutes.

In  case you miss the flash odds, you still have Bet Boost T&C You can stake up to £200 (the above flash odds may set up to £10 – £20 depending on the race & individual player), therefore if the boosted odds minimize the qualifying loss or even create arbitrage (means qualifying profit) condition (actually it is often the case), then you should make the best use of it by combining with the High5 Offer.

Matchbook – Day One Every Race

Offer

“10% Bonus On Winnings” –  Place bets on any of the Day One races at Cheltenham and if you make a Net Profit, we will give you a 10% Bonus on your winnings up to a maximum of £10. T&C

Instruction

Place bet any race on the 1st day 13 Mar 2018, if you get net winnings (calculated by each race not among the races you bet on the day), you get 10% boosted winnings. Follow the standard matched betting guide: Qualifying Bet Placement & Extract Profit From Free Bet

Bet365 – Feature Race Each Day

Offer

“Cheltenham Free Bet Offer – up to £25 each day” –  They are giving you a Free Bet on the stand-out race each day (up to £25 maximum) when you place a single bet on any other Cheltenham race that day. T&C

Instruction

Place a single bet on any Cheltenham race each day other than the Free Bet race as follows;

Your qualifying bet must be placed between the time stated above and the start of the relevant Free Bet race. Follow the standard matched betting guide: Qualifying Bet Placement & Extract Profit From Free Bet

Note

You can actually combine this offer with Bet365 ITV 4/1 Race Offer (see later) which will make your Bet365 betting so juicy.

Bet Vision – 1 Race Every Day

Offer

“Stake Back If 2nd” –  If your horse finishes 2nd, your account will be credited with a bonus token equal to your initial stake. Applies to selected races at Cheltenham between Tuesday 13th March – Friday 16th March 2018. T&C

Instruction

Place a single bet (minimum £5) on the following race each day. Receive a Bonus Token (equivalent to qualifying stake up to a maximum of £25) if your horse finishes 2nd ;

Betfred – 1 Race Every Day

Offer

“Free Bet if 2nd or 3rd” – Back a horse in the 17:30 Cheltenham, and should it finish second or third, they will refund your stake as a free bet up to £10 T&C

Instruction

Since they apply different race every day, you need to check which race is the promotion race in their Offer Page. The Day 4 is 14:50 race.

Follow the simple standard matched betting process, and importantly take a look at our 2nd place specific guide of 6 Best Ways To Make Extra Money from Horse Betting 2nd Place Refund.

Sportingbet – All 28 Races

Offer

“MONEY BACK ON LOSSES” – 10% money back as a Free Bet up to £25 on net losses over a day. T&C

Instruction

Don’t forget to OPT-IN. Then, just implement standard matched betting: Qualifying Bet Placement & Extract Profit From Free Bet

Also check your e-mail if you received the invitation only offer of;

SportingBet Winnings Boost Offer

bwin – All 28 Races

Offer

“MONEY BACK ON LOSSES” – 10% money back as a Free Bet up to £25 on net losses over a day. T&C

Instruction

This offer also requires OPT-IN, so do it before placing any single bet. Then, just implement standard matched betting: Qualifying Bet Placement & Extract Profit From Free Bet

ITV Racing Offer

According to the ITV Racing Schedule, every day 5 races out of 7 (not the last 2 races of 16:50 & 17:30) are scheduled to televise. So, all together 20 ITV racings. There are 2 Offers you can lock-in profits from every ITV Races, which are Bet365 & Betfair. Bet365 officially announced the offer to Cheltenham ITV Racings, thus at this stage, I’ll list only Bet365 as follows;

Bet365 ITV Racing 4/1 Offer

Offer

“Back any single winner at 4/1 or more on any race televised live on ITV Racing and you can have a risk free bet to the same stake (up to £50*) on the next race broadcast live on ITV Racing.” T&C

Instruction

We have prepared complete instruction for this specific offer with 3 optional approaches ranging from Lock-In Profit to Risk-Free by Maximizing Profit. So suggest take a look at How To Guarantee Profit from Bet365 Feature Race 4/1 Offer & ITV Racing Offer.

Betfair Sportsbook ITV Offer

This offer is Not Exchange but Sportsbook Only.

Offer

“UP TO 25 FREE BET WITH EVERY WINNER AT 3/1 OR MORE” – Place a single bet in any Cheltenham Festival race live on ITV (1.30, 2.10, 2.50, 3.30, 4.10 races every day). If your horse wins at SP odds of 3/1 or greater (Racing Post decision final), you will receive a free bet to the same value of your stake, up to 25. T&C

Instruction

We also prepared complete instruction for this offer So suggest take a look at Back A Winner Betfair Offer – How To Lock-In Profit by Overlay Betting.

NetBet 2 Refunds

NetBet provide you 2 Offers, they don’t mention anything about ITV broadcasting, but all the races their offer apply are the races televised by ITV.

Offer

“Cheltenham Offers”- Click + below box to see the screenshot of their 2 Offers;

Netbet Refund Offer Screenshot

Instruction

Check the T&C of Offer 1 & Offer 2 and Make Sure You OPT-IN first befpre placing any bet. Then, follow our standard matched betting guides of  Qualifying Bet Placement & Extract Profit From Free Bet  for Offer 1 and go 6 Best Ways To Make Extra Money from Horse Betting 2nd Place Refund for Offer 2.

Offer For Specific Race

William Hill – 1st Day (13 Mar) 1st Race (13:30) Supreme Novices’ Hurdle

Offer

“Double Your Winnings, Win or Each Way Bets Paid In Cash” Place a bet on the Supreme Novices’ Hurdle at Cheltenham, and if your horse wins or places in the race (finishes in the first 3), your winnings will be double in cash up to £100 T&C

Instruction

You can Lock-In Profit, since it’s a Enhanced Odds. Follow the Enhanced Odds betting guide for full instruction.

Coral – 1st Day (13 Mar) 1st Race (13:30) Supreme Novices’ Hurdle

Offer

“Money Back All Losers” – Get your Cheltenham Festival off to a flying start with Coral’s unbeatable offer Get Money Back as a Free Bet up to £/€25 if your horse fails to win in the Supreme Novices’ Hurdle. T&C

Instruction

Place a £25 bet on any horse to win the Supreme Novices Hurdle, Exactly the same process as the previous Sky Bet & Bet Ways. Follow the Risk Free matched betting guide and matched betting guide (3) if you received refund.

Ladbrokes – 1st Day (13 Mar) 1st Race (13:30) Supreme Novices’ Hurdle

Offer

“Double your Winnings as a Free Bet up to £50 If Your Horse Wins the Supreme Novices’ Hurdle” . Additional Winnings must be used within 24 hours on a Horse Racing market. T&C

Instruction

Exactly the same offer as William Hill, you can follow the Risk Free matched betting guide. If you win, you get instant profit. If you lose you get refund and use matched betting guide (3) to extract cash from the free bet. The only difference is that additional winnings will be in Free Bet rather than In Cash. Means, William Hill’s offer is more value. Anyhow, the important point is you need to calculate enhanced odds using The Formula = Back Odds + ((Back Odds – 1) x 0.8) See full instructions in the Enhanced Odds Betting Guide

Genting Bet – 1st Day (13 Mar) 1st Race (13:30) Supreme Novices’ Hurdle

Offer

“CHELTENHAM DAY 1 – £20 FREE BET ON YOUR FIRST SETTLED LOSING BET”. T&C

Instruction

Exactly the same offer as the above Ladbrokes offer. So follow the instruction stated in the Ladbrokes offer. The only difference is that If your horse WINS you can repeat this offer on any race on day 1 until you have a losing bet. So you should bet at the first race to maximize the potential profit, as Genting Bet example shows; You bet £20 on the Supreme Novice Hurdle (Race 1) and win, you then place £20 on the Arkle (Race 2) and it doesn’t win – we will cover your £20 losing bet from the Arkle in the form of a free bet.

Each Way & Extra Place Offers

All the key bookies provide several races with extra place offers. Click + for the current schedule.

Schedule

You can also double-check the Oddschecker table where you can locate which bookmaker offers what extra place with what term like below;

Bet365 Place Term & Enhanced Prices

Offer

It says, to ensure you get the best Each-Way value, we will be paying 1/4 odds a place on ALL Cheltenham races. Means, when you find any extra place offers from Bet365, the term is 1/4 odds rather than 1/5 odds, which will impact your profit. It also says, we will also offer enhanced prices on selected runners at various times during the Festival. T&C (including ITV 4/1 Offer)

Instruction

So, keep checking Bet365 extra place availability and also enhanced price. For the enhanced price, when available, these prices will display on the ‘Enhanced’ tab on the race coupon. Note, Ante-Post bets are settled at the Price and Place terms applicable at the time of accept.

For how to maximize your profit from extra place offer, see the next section of “Offer Can Be Used in Gubbed Accounts.” except the next Betfair Each way Edge.

Betfair Sportbook

This offer is Not Exchange but Sportsbook Only, and unfortunately it is not applicable to the restricted account.

Offer

“EXTRA PLACES EVERY RACE, EVERY DAY AT CHELTENHAM WITH EACH WAY EDGE” – Each Way Edge is a revolutionary product which allows you to alter the place terms of your Each Way bet. With Betfair you can choose to add extra places for a small decrease in price, or remove places to increase your potential return – all from within the betslip T&C

Instruction

Each Way Edge available after the final declaration stage on all Cheltenham Festival races with a minimum of 5 runners. Select extra places using Each Way Edge on your betslip. For the detail instruction, follow the above T&C.

Offer Can Be Used in Gubbed Accounts

Basically, there are 2 opportunities you can make profit even in your restricted account, which are;

Offers Of Opportunistic Approach – Take Up Only With Small QL (Qualifying Loss)

All the offers we list so far are basically the ones with extremely High EV (Expected Value) because you can more or less Lock-In Profit. We will list a few other offers you may feel attractive. But given the relatively Low EV, you may consider them only when you can find good match, means the tight odds gap between bookmaker back bet & betting exchange lay bet, to minimize QL (Qualifying Loss).

Boylesports – All 28 Races

Offer

“2nd or 3rd to SP Fav at Cheltenham” – Place a bet on any horse at The Cheltenham Festival. If your horse finishes 2nd or 3rd to the starting price favourite, we will refund your stake as a free bet. T&C

Instruction

Follow the simple standard matched betting process. And, our 2nd place specific guide of 6 Best Ways To Make Extra Money from Horse Betting 2nd Place Refund will be extremely useful for such offer with additional condition of “To The SP”. Because we use the same example of Boylesports to demonstrate how the extra trigger make the whole offer so difficult. Anyhow, the biggest advantage of this offer is you can apply all 28 races.

Key Reminder

Besides, allow me to reiterate, Cheltenham Betting is all about Prioritization of Many Offers, so you should not be bothered by the low EV offers if you have any risks of sacrificing the above high EV offers. The 10 Horse Racing Refund Offers document we show in the next Wrap Up section is Must Information you go through before the festival.

Warning

Sportnation

Several members reported us that they haven’t credited free bets in the past. It’s been some time since their live chat stopped working. We also sent a few inquiries & reminder by e-mail but no responses.

We haven’t heard any bad news on Agryll Entertainment (owner of Sportnation & RedZoneSports), thus we should not worry too much though, given the abundance of other Cheltenman offers, you may want to put the below below Sportnation’s Cheltenham offer (you may have received by e-mail) on the back burner;

Wrap Up

Having explained, there is no reasons for anybody who seek extra income to excuse this excellent opportunities. We will see more & more offers coming out when we get closer to the festival.

Caution

All the bookies we listed in this documents are all giant players, in other words, you may not have to worry about their payout. But you may also locate several small bookies’ offers. Be careful, they also try to attract punters in this big event, and some may give you NOT affordable offer which may struggle to pay out the winnings. So, don’t jump in to something that sounds Too Good To Be True comes from small players.Try to keep away from them to avoid any unpleasant surprise later.

Gauge The True Value Of The Offer

Incidentally, we have drawn the strategic paper related with the Horse Racing offer. I strongly suggest you take a look at 10 Horse Racing Refund Offers – Value Based Best Selection & Tactics To Win;, where we show how to gauge the value, prioritize & select the popular offers together with the specific tactics summary to extract cash from them.

If you have any inquiry or need any help from us, please contact us anytime (don’t worry, we will not charge you any fee, everything is free here).

Good Luck!!

Joshua Walker – Publisher of GEM (Global Extra Money)

PS

Final Reminder, Keep Checking Your E-mail Box To Avoid Missing The Offer Like Below;