Sky Bet Offer – 2.00 Newmarket (Saturday)

The racing continues at Newmarket as we take a shot at another Sky Bet First Race Special! If our horse finishes 2nd in the 2.00 at Newmarket race course on Saturday, 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 £18.65 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 walk-through guide on how they 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 placed finish. Having looked at the odds on offer, I’ve opted to place my qualifying bet on Deauville.

I like to place my exchange lay bets with Smarkets as they have great liquidity in the run up to races, 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.

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

So we will make a nice profit of £18.65 if Deauville places 2nd and we stand to lose a maximum of £1.35 on any other outcome. A £1.35 risk to make £18.65 profit gives us effective odds of 14.81 and with only 6 horses due to race, there’s every chance this favourite could come up just short.

If you’re unsure how to extract 80% of our £25.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.