UK Only - Grand National Offer - Free Guranteed ~£100

It's that time of year again when Bet365 are offering a bonus to EXISTING CUSTOMERS ONLY on the grand national (Saturday 8th April, 5:15pm). You can find there offer here - Grand National Money Back Offer

Basically, the offer is if you place an each way bet on the grand national, you will be refunded the each way element of your stake up to a maximum refund of £125. For example, if you place £250 worth of bets (£125 each way) you will be refunded £125 (usually within an hour of placing the stake). So effectively you will have £250 worth of bets, and it will have only cost you £125.00 to do this.

Using this, you can proportionately place your bets on all horses within the race based on their odds, to guarantee a profitable return (usually ~£100 profit). Method/Workings below

Disclaimer: use the below at your own risk, i will not be held responsbile for mistakes so ensure you are familiar with placing these types of bets, and your calculations add up prior to placing your bets. Also it is stated within Bet365's terms and conditions this is against their terms, however i this is my fourth consecutive year doing this and i have never encountered a problem.



Requirements

• Bet365 account - must have been created prior to 23:59.59 on Wednesday 5th April) - making an account now will mean you are not elegible
• £250 balance to wager on required bets
• Over 18 years old
• Excel helps

Login to bet365, and adjust your odds display in the top right hand corner to show in decimal form



Find the Grand National betting page (you should be able to find it from the homepage once logged in, then sort the by the odds in the right hand column into decending order




The Spreadsheet

http://www.filedropper.com/horseracingodds

Type the odds into the excel sheet into column C (DO THIS RIGHT BEFORE PLACING THE BETS AGAIN TO ENSURE NONE OF THE ODDS HAVE CHANGED).

In Columns E to I, these are all formulated already so do not change these, but i will briefly explain below what is being done in these columns.

Column E - this is dividing cell J2 (which i'll explain below) by the odds for that horse
Column F - This is simply rounding the stake to two decimal places - this is the amount you'd need to stake (each way) for that horse
Column G - this is calculating the return from that horse (just for the win) - so stake multiplied by the odds for that horse
Column H - Total Return - this is the return for the win multiplied by 2.25

The reason the total return is multipled by 2.25 is because bet365 also pay a quarter of the odds if the horse "places" (coming in the top 5) and it pays 5 places. 5 quarters = 1.25. Then when you add the win this equals 2.25.

The reason the total profit is the same (within a few pence roundings) for each horse, is because we have proportionally placed the stakes so that no matter which horse wins, the return is the same.

Cell J2 - this is important. This cell is what you'll need to adjust to ensure that the cell below it (J3) equals 125.00 (or as close to it). Cell J3 is summing all the required stakes for each horse, and to make full use of the offer we need this to be as close to 125 as possible (as that is the mximum refund) if you go over this you're risking your money as you won't be refunded for anymore after 125.00 and it'll eat into your profit.



Using the spreadsheet

*odds were up to date at time of upload but follow steps below before placing your bets*

Open up the spreadsheet, and update the horses odds in columns C - again do this right before placing your bets

Sort by the odds in column C, this makes it easier when placing bets as they'll be in the same order as on bet365.

Adjust Cell J2 until cell J3 is as close as you can get to 125.00.

Place stakes EACH WAY on the horses using the values in column F.

Note: when placing bets it isnt required to check the names of the horses you are betting on, only that you dont bet on the same ones twice. How i usually do it is click all the horses within the same odds at the same time, and place 10 bets at a time example in the screenshot below. (stakes aren't accurate just for presentation purposes to show you can bet multiple horses at same time)



I think i've covered everything you need to know, but if i have missed anything you can think of, or you do have any questions just let me know and i'll help if you do want to get in on this.

It is advisable to wait until tomorrow to place any bets, incase any horses get withdrawn, i'll be placing my bets tomorrow morning.

At current odds, the return is only ~£80 as the odds are quite tight right now, but some horses should drift out so the return should go out more - last year the return was £110.

Enjoy
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Nice mate looks great! Wish I could do it but i'm not UK
Good luck y'all

 

damn i missed this

 

always next year! similar thing with bet365 on some big football games, well worth making an account if you dont have one to take advantage of future offer

might make a guide on the football ones next time it comes around

 

relevant again

 

@Scotty