21Bet are currently giving their customers the chance to earn a refund, paid as a free bet, up to £25 if their selected horse finishes second by a length or less in any live ITV race. To be clear, if the race is not broadcast live on ITV, the race will not be eligible for the offer. For the purpose of this particular offer, the minimum win stake that must be placed is £10, and if placing an each way bet the win portion of the each way bet must be a minimum of £10. The maximum free bet refund on any one race is £25. The promotion applies to win single bets and the win part of each-way bets, and only the first bet placed on each race will count.
As stated on the 21Bet website, the offer is only available to players from the UK. For this offer, the horse must be placed second and must lose by a length or less according to the official winning distance, published by the Press Association. The distances covered include: Nose, Short Head, Head, Neck, Half a Length, Three Quarters of a Length and One Length. Accumulative bets and any bets placed as part of multiples do not count towards the offer. Please also be aware that this offer is limited to one per person, IP address, address and/or household.
If you have qualified for the refund, your free bet will be credited into your account by 12:00 the day after qualifying. The free bet will then be available to use for 7 days, and if not used within this time frame it will expire and be removed from your account. Note that the maximum odds for the free bet are 6/1 (7.00).
From a matched betting point of view, this event has only a small chance of occurring, giving it a low expected value. Therefore, it may only be worth completing if you can find a very close match with minimal qualifying losses or if it is risk-free. However, when finding close matches between 21Bet and the exchange, you will be able to play the offer for a low cost each time or even risk-free on occasions. This makes it more worthwhile as the chances are, over time you will hit the refund at least once. The maximum £25 refund as a free bet is worth around £20 in real cash to a matched bettor.
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