It’s the most wonderful time of the year. No, not Christmas – in the matched betting world it’s Cheltmas – AKA the Cheltenham Festival.
The Festival is the most profitable time of the year for matched bettors.
The profits can be significant, with some making thousands in previous years. It’s so lucrative, many people take the week off work to focus their efforts on bringing in the cash.
The 2018 Cheltenham Festival starts on Tuesday March 13 and ends on Friday, March
16, which is Gold Cup Day.
Why is Cheltenham so good for matched betting?
The Cheltenham Festival is one of the world’s finest horse racing meetings, with four days of top-quality racing.
It features several Grade I races including the Cheltenham Gold Cup, Champion Hurdle, Queen Mother Champion Chase and World Hurdle.
What does all this mean? Well, it means there’s a lot of money around. Millions are gambled over the course of the Festival and bookmakers fight frantically for their share. This means more offers and, therefore, more opportunities to make hay with matched betting.
Cheltenham Festival betting offers are likely to include:
Offers from probably every single bookie
Larger Stakes accepted on the Price Boosts and Offers
Enhanced Sign Ups for the bookies you don’t yet have an account with
Plenty of invite only offers sent to your inbox
VIP offers for those in VIP clubs
Daily ITV Racing offers
Payouts on extra places
Lots of Price Boosts
Special Offers in Newspapers
In-store Special Offers
How much can be made from matched betting at Cheltenham?
The amount of profit will very much depend on an individual’s circumstances. How much time they can dedicate to matched betting and how many active accounts they have are key factors, as is bankroll.
Even beginners with a small bank should be able to make a few hundred quid, depending on how much time they have to spare.
An idea of what is achievable can be found in last year’s stats from Profit Accumulator.
The forum has a thread dedicated to profits made at the festival, in which 185 responses were posted. The stats look like this:
The combined amount won from 185 people was £173,182.
The average amount made was £936.12 per person.
The approximate hourly wage (based on working six hours a day) is £39.00 an hour.
You would need to do 5.8 hours at minimum wage (or 11.8 hours if you’re an apprentice!) to make the equivalent hourly amount.
Preparing for Cheltenham
Cheltenham is the best time to matched bet so, for anyone who is thinking of giving it a try, now is the time.
If you’re a beginner, it’s a good idea to start as soon as possible, so at least you’re up to speed with some of the practices involved..
Joining Profit Accumulator means you can set up all your accounts and build up a bit of a bankroll in time for the start of the festival.
More experienced matched bettors will know that preparing for Cheltenham means building up a bankroll and placing some mug bets – these are bets that make you look like an ordinary punter in an effort to prevent your account being limited.
If you don’t usually bet on horses, it’s a good idea to do some mug betting on horses.
Members at Profit Accumulator are already discussing Cheltmas on the forum. Here’s what some are saying:
Fisherm3 said: “I remember two years ago a certain someone cleared £10k over the four days. It could be done then but even last year the offers were nowhere near as good as two years ago. Let’s hope they start promoting some offers soon.”
TrancedRadio said: “Last year was my first Cheltenham and I placed most of my bets the night before each day & eventually took a half day on the Friday, making it home before the racing begun.”
“Walked away with over £1k profit.”
“Think I’ll take the Tuesday & Friday off (as has been suggested) – Tuesday last year was a great day.”
“I hardly backed any horses before last year also, I just got wired in and had no gubbings, thankfully. Although I did use the Asian sites on Day 1 & 2, which were a complete nightmare.”
“PA had indexes for the festival overall & then for each day, so any first-timers stick to them and you’ll be fine. Made me my money just following those instructions and the forum tips.”
“Looking forward to the offers being announced and planning the attack.”
Froggy said: “Just booked the week off work ready for this, did the same last year and made 3k so I’d be more happy with the same again! £10,000 bank last year, £16,000 this year but I haven’t done horse racing since last Cheltenham and will be pretty rusty.”
If you are completely new to Risk Free Matched Betting and want to get involved then take a look at the Beginners Guide to Risk Free Matched Betting that I wrote which will explain everything in easy to understand English and you can then give the FREE TRIAL of Profit Accumulator a go where you will make around £45 RISK FREE!