£10 Cheltenham Free Bet
February 5, 2019
Cheltenham Festival takes place this year from Tuesday 12th March to Friday 15th March and is one of the biggest events on the horse racing calendar.
Bookies are due to offer a number of attractive and profitable offers in the run-up and during the festival and one bookmaker which is running an early promotion is ComeOn.
ComeOn Cheltenham Free Bet
Customers of ComeOn can claim a £10 free bet to use on races at Cheltenham by placing five £10 bets on selected races in the run-up to the festival. To qualify for the £10 free bet, you must place a £10 bet on the following races at odds of 1/2 (1.50) or greater.
- 9th February: Betfair Hurdle
- 16th February: Ascot Chase
- 23rd February: Kempton Chase
- 2nd March: Grimthorpe Chase
- 9th March: Imperial Cup
If you place the required qualifying bets, you will be credited with a £10 free bet by 11th March which can be used on any race throughout the Cheltenham Festival. Your free bet must be used on win only singles and cannot be used on each-way selections.
Making a profit from the free bet
It is possible to make a profit of around £5.50 from this offer whether your bets win or lose by using matched betting. The process is simple and requires you to place a back bet and a lay bet to cover all outcomes. You can place lay bets on betting exchanges such as Betfair Exchange, Smarkets or Matchbook.
For each qualifying race:
- Find a good match where the back odds on ComeOn are close to the lay odds on a betting exchange. You can use an OddsMatcher for this such as the one available to MatchedBets.com members.
- Place a £10 bet on your selection on Comeon
- Lay your bet on a betting exchange. You can use a matched betting calculator to determine the ideal stake for your lay bet.
By backing and laying your bet, you cover all outcomes. You won’t make a profit from each of the five qualifying bets but you shouldn’t lose much either. However, once you have placed all 5 bets, you will have qualified for a £10 free bet. You can expect to turn your £10 free bet into around £8 cash using matched betting by backing and laying a selection at Cheltenham.
Aim to make a qualifying loss of no more than £0.50 per £10 bet which would give you a total qualifying loss of £2.50 for all 5 bets. If you make £8 cash from your free bet then that would give you an overall profit of £5.50 for the offer.
There are due to be many more profitable betting offers like this one throughout Cheltenham from various bookmakers such as Bet365 and Betfair. The team at MatchedBets.com finds all of these offers and list them in the members’ area every day along with step-by-step guides on how to profit from them. You can join MatchedBets today for 14 days for just £1 and take advantage of hundreds of profitable bookmaker offers.