Paddy Power Offer – Hove Greyhound Racing

July 2, 2015 / Other Sports / 10 Comments

Kick-off time (GMT): 02/07/2015 : 19:31

Potential profit
£216.00
My profit £0.00

It’s time for another fantastic Paddy Power offer, this time on the greyhound racing!  Simply back any winner at 2/1 or bigger in any race at Hove on Thursday 2nd July 2015 and Paddy Power will match our stake with a free bet up to £25.00.  Translated into matched betting terms, this gives us a maximum potential profit of £216.00 and here’s how…

 

Paddy Power Hove

 

Qualifying Bets:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walkthrough guide on how to place your qualifying bets.

This offer is by no means risk-free, but the value on offer is so good that we have to give this one a go.  The terms of the offer are really straightforward.  There are 12 races at Hove tonight and we are eligible to claim a £25.00 free bet on every race if we pick a winner at 2/1 and above.  All we need to do is back and lay a greyhound in every race and hope we hit a couple of free bets.  It makes sense to select greyhounds with low odds, as close to 3.00 (2/1) as we can as they are more favoured to win.

The liquidity at Betfair isn’t great at the time of writing but we shouldn’t have a problem finding some tight back and lay odds nearer the start of the races.

paddypower

Aim to lose no more than £2.00 on each of your qualifying bets

Given that there are 12 races, we stand to lose a maximum of £24.00 if we fail to pick any winners.

 

Free Bets:

For every winner we do pick, we will receive a £25.00 free bet.  By using straightforward matched betting, we should be able to extract 80% out of these free bets as cash, so £20.00.  If we take into account our qualifying loss of £2.00, this gives us a potential profit of £18.00 on each race.  Given that there are 12 races in total, we stand to make a maximum potential profit of £216.00!

If you’re not sure how to extract 80% of the £25.00 free bets, please see my Free Bet Strategy page for a walkthrough guide on how it should be done.

* As you can see from the comments below, the liquidity on these races was pretty poor, meaning we weren’t able to take advantage of this offer.  On the face of it, it looked like a great offer but maybe we should avoid greyhound offers like these in the future. *

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10 Comments

  1. dan

    July 2, 2015
    / Reply

    anyone else struggling to get anything off at close odds with this offer ?

  2. Matthew

    July 2, 2015
    / Reply

    I failed to find one exchange have odds close to paddy power and therefore, in the future I would like to know what exchange to use.

  3. Mikey

    July 2, 2015
    / Reply

    Yes Dan, pretty much impossible.

    • Matt

      Matt

      July 2, 2015
      / Reply

      That's a shame, it was worth a look. I'll delete this post later guys.

  4. brian

    July 2, 2015
    / Reply

    I'm the opposite on this and enjoyed it. I bet 5 each time and won the first two races so that was lucky. but the odds are well matched right near the end on certain dogs. i've got odds difference of 0.1 to 0.5. I just picked the fav dogs at evens or more.
    25 is a bit much to bet on these races IMHO. The only tip close to dog racing is don;t eat yellow snow :)

    • dan

      July 2, 2015
      / Reply

      At evens ? it had to be at 3.0 for offer.

  5. mikey

    July 2, 2015
    / Reply

    Evens was no good it had to be 2/1.

    The only dogs that were closely matched were around evens as you say but would not of counted.

  6. Steve

    July 2, 2015
    / Reply

    I tried this with no luck. I factored in an £18.75 (cash value of the free £25 bet, at a conservative 75%) win bonus on my bet, so I could try to lock in a profit regardless of the outcome (is this overlaying? I know how to do it, I don't know what it's called!). Most of the races I checked, even just before the off, the spread between PP and betfair was too large and the bet wasn't profitable. I did find one race where I could lock in a profit of about £3-4, but I shot myself in the foot as the betfair liquidity was so low that by the time I'd put my lay bet in the liquidity had vanished. I also ended up laying twice in the last minute panic of cancelling the lay and resubmitting at different odds. Lesson learned - I certainly won't be touching anything with near-zero liquidity at the last minute in future! They say experience is cheap at any price, right?

    Not complaining, I think you're blog's great, just thought I'd share my experience. I'd say please *don't* delete the post, just edit it - it's good to see what doesn't work as well as what does.

    • Matt

      Matt

      July 3, 2015
      / Reply

      Yeah I was thinking exactly that Steve. I will edit it later and stick a £0.00 profit on it. At least we know not to touch them in future. I was disappointed with the liquidity. Still a great offer for the average punter, just a shame there was nothing in it for us matched bettors!

  7. brian

    July 3, 2015
    / Reply

    Meant 3.0. Brain freeze there.


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