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 todays horse racing. If your horse finishes 2nd or 3rd in the 15:45 at Haydock 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 £38.66 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. Having looked at the odds on offer, I’ve opted to keep my qualifying loss to a minimum and place my qualifying bet on the favourite (at the time of writing), Limato. We can work out our lay stake using the matched betting calculator.
Place £50.00 on Limato @ 2.10 = Potential profit of £55.00
Lay £51.22 on Limato @ 2.10 = Potential liability of £56.34
Let’s have a look at our potential profit/loss for the possible outcomes…
| Limato wins | +£55.00 – £56.34 = £1.34 loss |
| Limato places 2nd or 3rd | -£50.00 + £48.66 + £40.00 (extract 80% from our £50.00 free bet) = £38.66 profit |
| Limato places outside top 3 | -£50.00 + £48.66 = £1.34 loss |
So we will make a nice profit of £38.66 if Limato places 2nd or 3rd. We also stand to lose £1.34 on any other outcome, but I’m sure you’ll agree it’s a risk worth taking as the potential profit far outweighs the potential loss, making this a 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
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.