How To Profit From Racebets Bet & Jet Club
August 29, 2017
When most people start matched betting, there is a common misconception that once all of the bookmakers sign up offers are complete then that is it. This could not be further from the truth, as there are plenty of offers available to existing customers too.
One offer that is available comes courtesy of Racebets, which is a bookmaker that specialises in horse racing betting. As well as some other promotions, they have the ‘Bet & Jet Club’, which gives you the chance of earning a £5 free bet for every day that you place £25 worth of bets on races from a selected meeting. Per the terms of the offer, these must be pre-race bets, with in-play and each way bets not counting towards qualifying. Each day, the selected race meeting will be listed in the offers section of the Racebets website. You will then need to click onto ‘See conditions’ underneath the Bet & Jet Club.
When attempting to qualify for the offer, you will need to find a bet match on each selection. This means that you will be placing a back bet on a horse to win with the bookmaker Racebets and a lay bet on the same horse NOT to win on the betting exchange. The best way to approach this is to find as close a match as you can in order to keep your qualifying losses as low as possible.
Qualifying for the Free Bet
For this offer, a qualifying loss of around £1 or less would be acceptable and will allow you to make a decent profit. In terms of which selection to choose, there are two general points to remember when finding your own match. 1) The lower the odds, the better and 2) The closer the back and lay odds the better.
The best way to know you have a good match is to check if it is above a 95% rating. On Betfair, in order to be a 95% rated match the difference between the back odds and lay odds needs to be 0.05 or less. So, some examples would include 1.40-1.45 and 2.50-2.55. The results will be better when the odds are closer and worse if the difference is bigger.
As you need to place £25 altogether each day, the easiest way to do this is in one bet of £25. The ‘Normal bet’ feature must be used on our matched betting calculator, and once you have put all of the bet details in, it will automatically calculate the lay stake you will need to place.
You may find a slight issue with this offer on occasion, which is that some of the eligible meetings may not be available on the exchange, meaning you may not be able to lay your bets off. As it includes race meetings from around the world, sometimes they are so obscure that they don’t have markets on the exchange. This means you will always need to check whether there is a market on the exchange for the selected meeting before you consider attempting the offer.
Once you have been credited with your free bet, you can use it to place a single win or each-way bet on the following day’s selected meeting. You will need to use the ‘Freebet’ feature on the calculator and again try to find the closest match possible. You should be able to come out with around £3.50 in profit from this offer each time, which will soon add up to a lot of money if done every day.