Matched betting has been a really great side hustle for me, and I make £12,000 in my first year of matched betting. The Cheltenham Festival is one of the best events in the year for profiting from the festival. In fact, I made £552 over the 4 day festival. Here are my top Cheltenham tips for getting the most out of this profitable time of year for matched betting.

 

What is matched betting?

Matched betting is a legal and tax free way to utlise offers that bookmakers give to new and existing customers. These offers can be turned into a guaranteed profit thanks to matched betting. It has been around for years now, and even The Guardian have written about it.

The amount of money that people make from matched betting varies and is dependent on a few things. How much money you can put into your matched betting pot, how much time you have and how many accounts you are able to create all impact your matched betting earnings.

In this post we are going to look at Cheltenham tips for matched betters.

How Much Cash Have I Made?

You can see all my previous matched betting income below. Please note that from January 2017 I have been focusing on growing my business with a provable income, with a lot less time to dedicate to it: If I can do it, you can do it. Sign up for the great offer with Outplayed.com (Previously Outplayed.com (Previously Profit Accumulator)) and you will have the knowledge, support and steps needed to start.

What is Cheltenham Festival 2020 and when is it?

The Cheltenham Festival is an annual horse racing event held at Cheltenham racecourse. Over the 4 day period (Tuesday 10 March 2020 – Friday 13 March 2020) there are a total of 28 horse races.

Why is the Cheltenham Festival so profitable for matched bettors?

The Cheltenham Festival has lots of races with lots of media coverage, with many races appearing on ITV.

In order to entice people to place bets, bookmakers will be offering lots of free bets or other incentives.

As matched bettors, we can utilise these offers to guarantee profit.

I made a massive £552 in just 4 days during my first Cheltenham Festival as a match bettor.

Cheltenham tips – how to prepare

Cheltenham is a profitable time of year regardless of whether you are new to matched betting, or a seasoned pro.

In order to use your time most efficiently I would highly recommend you have a platinum membership at Outplayed.com (Previously Outplayed.com (Previously Profit Accumulator)). There are so many races during the festival that you need to be able to find offers quickly, and work out your bets equally as fast. Even though I have been matched betting for years now, I still have my Outplayed.com (Previously Outplayed.com (Previously Profit Accumulator)) membership as a massive time saver. At just £17.99 a month, it is a drop in the ocean compared to the money you can make at Cheltenham.

Or you can pay just £11.67 a month if you pay for an annual subscription with my offer.

Finances

If you have a goal, don't get too fixated on it. There's no magic formula that says having £x in your bank means you'll make £y. Do what you can and enjoy your profits.

You will need to ensure that you have a good starting pot during the festival. With 28 races on, the more money you have to utilise during the festival, the more offers you can complete. Completing more offers means earning more money.

You can use your existing matched betting pot, or spend some time regrowing your matched betting pot if you have had to dip into it. You might also want to consider using your savings towards Cheltenham, but only do so if you are 100% confident with matched betting.

Remember to keep your qualifying losses low. I aim for £1.50 per £25 bet, although sometimes I'm happy to take that up to £2. Remember that these qualifying losses add up, and can easily eat into your profit.

Time management

You will need to make some time during the festival to place your bets. Some people have even booked time off work, but if that isn't possible you are going to want to carry out offers when you can. It might mean making time before work, during your lunch break or when you get home from work, but the profits are definitely worth it.

If you can only do matched betting around work or other commitments over the festival, look for offers where the free bet won't expire before you get back to use it.

You also want to stay organised during the festival. With so many offers happening, and 28 races, you need to keep track of which offers you have completed and know where to find your free bets. My favourite way to stay on track is pen and paper, by writing out all of the races and offers I am doing. You can also use a spreadsheet if you want to get super organised.

If possible, tackle the offers in race order. If you tackle the last race of the day first then you might run out of money in your exchange, meaning that you can't make use of the offers throughout the day.

Paper. Lots of paper. And notes. And good record keeping.

Staying sane

Hydrate. This one is so simple, but there is so much going on that you need to make sure you are hydrated and eating properly too. Take breaks too.

If you have to order a take away because you've been so busy then do it – you deserve it!

Make sure other people in the house know what you're doing so that you don't get disturbed. I know, I know…kids and husbands can be annoying, but if at all possible, let them know that you can't be disturbed whilst getting your bets on.

Have multiple screens if possible. Another laptop, tablet or even your phone will help.

Set alarms on your phone for races. This is especially useful if you are getting a free bet for the next race.

Don't get caught out

Most of all, don't forget to read all of the offers carefully, and remember to ask any questions in the Outplayed.com (Previously Outplayed.com (Previously Profit Accumulator)) forum if you are unsure. That's a good place for additional Cheltenham tips too!

The offers can vary greatly, and you might find that the same bookies change their rules on different days. Don't get too comfortable and make sure you check which races the offers apply to, as well as remembering things like Smarkets have 0% commission on the first Cheltenham race every day.

Familiarise yourself with horse racing refunds as soon as you can. These are different to straightforward opening offers, and take some getting used to, especially if you haven't done any before. They are easy though, and feel free to ask any questions along the way.

Remember that liability on the same race will be reduced if you are laying different outcomes. This means that you can often make use of more offers than you originally thought.

When it comes to Cheltenham tips, I can't stress enough the importance of keeping track of your free bets so they don't expire or get forgotten about. This one is pretty self explanatory – it would be a shame to get a free bet and it expires because you forgot about it. Set alarms, jot it down on paper, whatever.

Check your emails for offers that have been sent to you. Sometimes you will receive offers that don't appear on the bookie website.

Look for price boosts to get more profit.

Keep an eye on the locked in profit thread on Outplayed.com (Previously Outplayed.com (Previously Profit Accumulator)) and keep an eye on my Facebook matched betting group for more Cheltenham tips.

Free Monthly Matched Betting Calendar





Download your free monthly matched betting calendar to keep up to date with all the high-profile sporting events happening in 2021/2022.

Around the time of these events reload offers will be more frequent so print off this calendar and keep it to hand to boost your matched betting profits.

Complete your name and email address below to get your free download.

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Join my Matched Betting Facebook group

I am really excited to let you know that my matched betting Facebook group is open to new members again! This group has nearly 5,000 matched betting members who support each other. It is somewhere to ask questions and even celebrate your matched betting success. We would love you to come and join in! Click here to join the Facebook Group