Using Different Offers For Matched Betting At Cheltenham Festival

When it comes to horse racing, there is no bigger event than Cheltenham Festival on the National Hunt calendar. Every year, the festival that takes place in March attracts all types of bettors, from horse racing fans looking to stake on a horse for the first time to regular gamblers. The online betting experts here at OddsMonkey know how exciting these events can be due to the huge range of offers that are available throughout the Cheltenham Festival and how they can be used to the advantage of the bettor. Here, we are going to go through some of the offers that are available throughout the Cheltenham Festival, how they can be used throughout matched betting, and how OddsMonkey can assist you with your matched betting techniques! 

Examples Of Offers 

Whilst the Cheltenham Festival is unlike any other horse racing event, the offers that bookmakers present to users throughout the four-day event are common throughout the horse racing industry. With extra place offers, betting credits, and cash-back offers available, there are plenty of different ways for bettors to add these to their matched betting strategy when placing bets on horse racing. Here, we will go into depth, looking at what these offers actually entail, as some of them could be foreign to some bettors.

• Extra Place Offers – In horse racing, it is possible for the horse to place, meaning it finishes in one of the place positions, which is usually the top 3 or top 4. Which extra place offers bookmakers will offer more place positions in the race, meaning if your horse finishes in one of the extra place positions, then the horse will still return a payout. These offers can award 1, 2 or even 3 extra places in the race, giving users more insurance on their each-way bets.
• Betting Credits – Betting credits are funds that bettors are able to use only on the bookmaker’s site; the betting credits are only available on the specific bookmaker’s site and no other sites on the market. To obtain these credits, users will have to complete a certain requirement, which is usually depositing and placing a bet with a certain value. This is a classic Bet X, Get X offer, as players will place a bet and be awarded with more bet credits. Some of these promotions will only be available if the bettors place stakes on certain markets, meaning it is essential to read the terms and conditions of the promotion.
• Cash Back Offers – There are some promotions that will award the user their stake or part of their stake back if they bet on specific horse racing or betting events. These offers are used so that bettors can receive some of their funds back, making them less risky in comparison to offers that do not give any cashback. These cash-back offers can either award the funds in cash or in betting credits that can only be used on-site.

Using Offers For Matched Betting

Now, these offers might be incredibly interesting already, but they can be made even more interesting as we can use matched betting techniques to make the most of these different offers. Here, we will walk through how these different offers can be used for matched betting and what makes each offer a viable matched betting tactic!

When completing matched betting, players will have to place a back bet and a lay bet on the same selection, meaning no matter what happens to the selection, the bettor can always come out with one side of the selection winning and, therefore, not receive any losses. By using these promos, players do not have to place as many funds into the back bet and can use the lay bet together with the promotion to create a scenario where the bettor cannot lose.

For example, with the betting credits offered, if players are able to acquire the betting credits, they can then use these alongside a lay bet to create a matched bet scenario, meaning no matter what happens, the bettor will remove the risk of losing. Since the bettor is using the bet credits from the bookmaker, there is a good chance that the bettor could make some profit, too!

To make the most of these matched betting techniques, the OddsMonkey site is filled not only with tips and guides but also with some fantastic calculators that can be used to ensure that all the bets you are placing will eliminate the risk of losing. Calculators such as our matched betting calculator and accumulator calculator will instantly display the outcome of different bets, allowing users to instantly see the results. 

By using all these different tips, players can look to make the most of the Cheltenham Festival through smart and savvy matched betting techniques!