Cheltenham Festival 2014 Special Offers: Use Betfair to guarantee a profit!

Use Betfair to lock in a profit on your Quevega bets at Cheltenham
Use Betfair to lock in a profit on your Bob's Worth bets at Cheltenham
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There are always a number of special offers from bookmakers around the Cheltenham Festival and this year is no different - but combining them with bets on the Betfair Exchange means you can guarantee a profit or ensure a no-loss bet, no matter the result. Here's how...

"The principle will always be the same - back high elsewhere, lay low on Betfair and sit back and enjoy the race in the knowledge that you can't lose!"

1) Back Annie Power to win the World Hurdle with Paddy Power at 7/1 - and lay off on Betfair at around 3.02/1

If you do not already have a Paddy Power account, take advantage of their enhanced offer of 7/1 on Annie Power to win the World Hurdle at 15:20 on Thursday.

Place the qualifying bet (maximum £10) on Annie Power to win at 7/1 on Paddy Power. At the time of writing you can lay Annie Power in the Betfair market at 2.89/5, but we will quote 3.02/1 to make the example easier to follow. 

You may want just to cover your stake, ensuring a no-loss bet - in this case, lay Annie Power for £10. If she wins the race, your profit will be £50: £70 from Paddy Power, minus the losing £20 lay bet on Betfair. If she loses, you will break even (before commission).

You may want to guarantee a profit - in this case lay Annie Power for £20. If she wins the race, your profit will be £30: £70 from Betfred, minus the losing £40 lay bet on Betfair. If she loses, you will gain £20 from Betfair and lose £10 to Paddy Power, giving you a guaranteed profit of slightly less than £10!

2) Back Bob's Worth to win the Gold Cup with Betfred at 6/1 - and lay off on Betfair at around 3.02/1

If you do not already have a Betfred account, take advantage of their enhanced offer of 6/1 on Bob's Worth to win the Gold Cup at 15:20 on Friday

Place the qualifying bet (maximum £10) on Betfred to win at 6/1 on Betfred. At the time of writing you can lay Bob's Worth in the Betfair market at 3.211/5, but we will quote 3.02/1 to make the example easier to follow. 

You may want just to cover your stake, ensuring a no-loss bet - in this case, lay Bob's Worth for £10. If she wins the race, your profit will be £40: £60 from Betfred, minus the losing £20 lay bet on Betfair. If she loses, you will break even (before commission).

You may want to guarantee a profit - in this case lay Bob's Worth for £20. If she wins the race, your profit will be £20: £60 from Betfred, minus the losing £40 lay bet on Betfair. If she loses, you will gain £20 from Betfair and lose £10 to Paddy Power, giving you a guaranteed profit of slightly less than £10!

3) Back Bob's Worth to win the Gold Cup with 888 Sport at 4/1 - and lay off on Betfair at around 3.02/1

888 Sport are doing a similar, if less generous offer - they have announced that they will be boosting Bob's Worth to 4/1 for new customers (check their website nearer the time for details). 

So, in this case, you'd back Bob's Worth on 888 Sport and then follow the steps above, laying the horse for a proportionate amount, either guaranteeing a risk-free profit or a no-loss bet. 

Remember, Betfair will show you potential profit/loss before you have placed the bet (simply press lay and enter a 'backer's stake') so you can use this to simplify the calculations.

There may be other enhanced offers in the pipeline but the principle will always be the same - back high elsewhere, lay low on Betfair and sit back and enjoy the race in the knowledge that you can't lose!

Don't forget to check out the latest tips and insight on every day of the Cheltenham Festival right here on Betting.Betfair

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