Why bother looking for horse racing tips today, when you can do a bit of matched betting and make low-risk profits? Sky Bet are back with another First Race Special on today’s horse racing. If our horse finishes 2nd in the 1.45 at Haydock race course, Sky Bet 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 potential profit of £18.56 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 which horse you place your qualifying bet on but it makes sense to go for a horse with short odds, in the hope of a 2nd place finish. Having looked at the current odds on offer, I’ve opted to place my qualifying bet on Jumeirah Glory.
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges. We can calculate our lay stakes using the matched betting calculator.
Place £25.00 on Jumeirah Glory @ 3.25 = Potential profit of £56.25
Lay £24.04 on Jumeirah Glory @ 3.40 = Potential liability of £57.69
Let’s have a look at our potential profit/loss for the possible outcomes…
| Jumeirah Glory wins | +£56.25 – £57.69 = £1.44 loss |
| Jumeirah Glory finishes 2nd | -£25.00 + £23.56 + £20.00 (extract 80% from our £25.00 free bet) = £18.56 profit |
| Jumeirah Glory finishes outside top 2 | -£25.00 + £23.56 = £1.44 loss |
So we will make a nice profit of £18.56 if Jumeirah Glory finishes 2nd and we stand to lose £1.44 on any other outcome. A £1.44 risk to make £18.56 profit gives us effective odds of 13.89, so the fact that Jumeirah Glory is 1.72 to finish in the top 2, makes this a profitable offer in the long run.
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.
* The eagle-eyed amongst you may have noticed that I originally blogged this offer with Hakka as my selection, but due to him being withdrawn, I was forced to switch to Jumeirah Glory. *
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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.