What are Horse Racing Free Bets?

horse-racing-free-betsIf you are serious about making money with matched betting then you need to understand and use the 4 main strategies for horse racing matched betting.  They are pretty simple once you get your head around them and they will make you a lot of profit especially during the week when things can be a little quiet.

  • Strategy 1 – 2nd place refunds
  • Strategy 2 – Free bet if win
  • Strategy 3 – Beaten by a length
  • Strategy 4 – Extra places

How do horse racing free bets work with matched betting?

Matched betting with horse racing is actually exactly what you have been doing so far, the mechanism of finding and placing BACK bets and LAY bets is the same, the only difference is mentality, as with match betting with horse racing we take a small loss with our qualifying BACK bet in the ‘hope‘ that we trigger a free bet.  So in reality we might lose £2.50 over 5 races (5 x £0.50 qualifying losses) in order to win £25 (1 x £25 free bet) but once you have converted the £25 free bet you should make an overall profit of £20.  Not bad!

Strategy 1 – 2nd place refunds

If your chosen horse finishes 2nd you win a refund of your bet which is awarded as a free bet.  More often than not, bookmakers have adapted to matched betters over the last few years so this offer tends to be ‘if your chosen horse finishes 2nd to the starting price (SP) favourite’ you win a refund of your bet which is awarded as a free bet.

For examples of how to use this strategy and which bookmakers currently offer this promotion have a look at the horse racing 2nd place refunds guide which will guide you through step by step.

Strategy 2 – Free bet if you win

This strategy is the same as the 2nd place horse racing refunds, the only difference is that with this strategy you can only do 1 race at a time.  Basically, you find a good match for a horse you think has a chance of winning and if it wins you get your bet winnings (which covers your LAY bet minus qualifying loss) + your bet stake refunded as a free bet to use on the next race.

For examples of how to use this strategy and which bookmakers currently offer this promotion have a look at the horse racing free bet if you win guide which will guide you through step by step.

Strategy 3 – Beaten by a length

This strategy is the same as the 2nd place horse racing refunds, the only difference is that with this strategy it does not matter if your horse was beaten by the starting price favourite (SP) as long as your horse finished 2nd and was beaten by less than a length (length of a horse).  Coral is the bookmaker which offers this promotion daily and it really is a money spinner.

For examples of how to use this strategy and which bookmakers currently offer this promotion have a look at the horse racing beaten by a length guide which will guide you through step by step.

Strategy 4 – Extra Places

This strategy is the same as the 2nd place horse racing refunds, the only difference is that with this strategy it does not matter if your horse was beaten by the starting price favourite (SP) as long as your horse finished 2nd and was beaten by less than a length (length of a horse).  Coral is the bookmaker which offers this promotion daily and it really is a money spinner.

For examples of how to use this strategy and which bookmakers currently offer this promotion have a look at the horse racing extra places guide which will guide you through step by step.

More Information

Have a look through each of the strategy guides for examples and bookmakers which offer each of these type of promotions.

  • Strategy 1 – 2nd place refunds
  • Strategy 2 – Free bet if win
  • Strategy 3 – Beaten by a length
  • Strategy 4 – Extra places

Warning

Be careful not to go over the top with these offers as bookmakers have been known to stake restrict or close accounts if they feel that you are taking advantage of them.

Important:  Do not back more than 1 horse per race and it would be a good idea to not back a horse in every race which offer these promotions.  Be sensible and you can make good money from these offers and keep your accounts healthy.