Why bother looking for horse racing tips today, when you can do a bit of matched betting and make low-risk profits? Boylesports are back with another Money Back Special on todays horse racing. If Faugheen fails to win the World Champion Hurdle (5.30 at Punchestown race course), Boylesports will refund all losing outright bets on that race as a free bet up to £25.00. Translated into matched betting terms, this gives us a guaranteed profit of £2.90 and here’s how…
Qualifying Bet:
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walkthrough guide on how it should be done.
For this particular offer, we need to place our qualifying bet (VIA MOBILE) on the favourite, Faugheen.
Place £25.00 on Faugheen @ 1.20 = Potential profit of £5.00
Lay £25.86 on Faugheen @ 1.21 = Potential liability of £5.43
Let’s have a look at our potential profit/loss for the possible outcomes…
Faugheen wins | +£5.00 – £5.43 = £0.43 loss |
Faugheen doesn’t win | -£25.00 + £24.57 + £20.00 (extract 80% from our £25.00 free bet) = £19.57 profit |
So as things stand we will make £19.57 profit if Faugheen doesn’t win and a loss of £0.43 if he does win. It’s not often that we are able to do this but by placing a further back bet on Faugheen, we can guarantee ourselves a profit on any outcome…
Let’s have a look at our overall profit/loss for the possible outcomes…
Faugheen wins | -£0.43 + £3.33 = £2.90 profit |
Faugheen doesn’t win | +£19.57 – £16.67 = £2.90 profit |
So regardless of the result of the Punchestown World Champion Hurdle, we will make a guaranteed profit of £2.90!
If you’re unsure how to extract 80% of our £25.00 free bet, check out my Free Bet Strategy page for a walkthrough guide on how it should be done.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.