Betway Money Back Offer

During large horse racing meets, Betway regularly offer money back as a Free Bet up to £10 if your bet on the first race of the day loses.

  • This offer is only available on eligible races, and the promotion will be listed in Betway's promotions when it is running, which tends to be for large horse racing meets.

Key Terms
  • Max Stake: £10 (Minimum £2)

  • Selected races only

  • Bets placed on enhanced price offers are considered alternative Markets and will not be eligible.

  • No Min Odds

  • Free bet expires in 24 hours
The Strategy
  • Choose a high odds horse in the specified race
  • Use Oddsmonkey's Risk Free Equal Profit Calculator
  • Fill in the first 4 boxes; back stake, back odds, lay odds and lay commission as normal
  • Put free bet award as £10, and free bet retention as 80%
  • Now place your £10 back bet on the horse, and lay it using the lay stake in the "ideal lay" box below
The Outcomes

If your horse wins, you're done with this offer as you have profited instantly using the calculator, and have no free bets to deal with.

If your horse loses then you'll make a small loss but receive a £10 free bet - this will be credited within 24 hours and expires in 24 hours so USE IT QUICK! The calculator will have worked out your profit assuming you retain £8 from the free bet, so try to keep this much if possible.

Additional Tip - Don't Forget Matchbook!

You may be familiar with using Betfair and Smarkets by now as your two exchanges.
(If you haven't got Smarkets yet, the CLICK HERE to sign up and receive their welcome offer! )

You should definitely consider using Matchbook too, as they have some of the best horse racing lay odds AND they're giving all new customers 0% Commission!

For example, below is a screenshot of the OddsMonkey OddsMatcher filtered for horse racing and William Hill. As you can see, 8 of the 10 closest odds are with Matchbook:

Until recently, I didn't use Matchbook given I had always been happy with Betfair and Smarkets but I now regularly use Matchbook too to help make some extra profit!

Get 0% Commission with Matchbook

Got Questions?

There are 3 ways to ask for help with Team Profit:

Facebook Group - ask over 25,000 fellow matched bettors (including the Team!) any questions you may have. [Join The Group]

[email protected] - We try to respond to all emails within 24 hours with complete answers.

Live Chat - Chat with one of us any time we're online. See the chat module at the bottom right of site.