Paddy Power Offer – 14:35 Newcastle

Why bother looking for horse racing tips today, when you can do a bit of matched betting and make low-risk profits?  Paddy Power are back with another Money Back Special on today’s horse racing.  If your horse finishes 2nd or 3rd in the 14:35 at Newcastle race course, Paddy Power will refund all losing outright bets on that race as a free bet up to £50.00.  Translated into matched betting terms, this gives us a potential profit of £36.00 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.

It’s entirely up to you which horse you go for, but it would make sense to select a horse with fairly short odds in the hope of a 2nd or 3rd placed finish. At the time of writing, the odds aren’t great so we may have to wait until nearer the start of the race to get some tight back and lay odds.  We can work out our lay stake using the matched betting calculator.

paddypower

Aim to lose no more than £4.00 on your qualifying bet

Let’s have a look at our potential profit/loss for the possible outcomes…

Our selection wins £4.00 loss
Our selection places 2nd or 3rd -£4.00 + £40.00 (extract 80% from our £50.00 free bet) = £36.00 profit
Our selection places outside top 3 £4.00 loss

So we will make a nice profit of £36.00 if our selection places 2nd or 3rd and we stand to lose £4.00 on any other outcome. A £4.00 risk to make £36.00 profit gives us effective odds of 10.00, so if we can place our qualifying bet on a horse with short ‘To Place’ odds, this a very profitable offer in the long run.

If you’re unsure how to extract 80% of our £50.00 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

Matt KirmanMatched 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.