There’s a big day of greyhound racing at Crayford on Friday and it’s time for another Sky Bet money back offer! If our dog finishes 2nd or 3rd in the 15:38 at Crayford, Sky Bet will refund our stake as cash, up to a maximum of £10.00. Translated into matched betting terms, this gives us a potential profit of £8.61 and here’s how…
Key Terms:
- This offer applies to our first bet on the 15:38 at Crayford.
- Qualifying bets must be placed between 14:00 on Thursday 29th October 2020 and 15:38 (race-off) on Friday 30th October 2020.
- If fewer than six runners come under starters orders, Sky Bet may withdraw the offer.
- If our dog finishes 2nd or 3rd, Sky Bet will refund our stake as cash, up to £10.00.
NOTE: The liquidity for greyhound racing does not improve until approximately 5-10 minutes before the race starts. You should therefore only do this offer if you’re comfortable with that. If you’ve not done a greyhound offer before, you may just want to observe the changing odds or at least use lower stakes until you get the hang of things.
Qualifying Bet:
If you’d like more information about qualifying bets and how they work, please see my Qualifying Bets Guide.
It’s entirely up to you which dog you go for, but it would make sense to select a dog with fairly short odds in the hope of a 2nd or 3rd place finish.
We won’t know what lay odds are available until 5-10 minutes before the off, so I’ll use fictional lay odds for Im So Fancy in the following example and I’ll update the bottom of the post with an actual selection after the race.
Betfair are by far the best option when it comes to laying greyhound bets.
Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.
If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.
For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £8.79…
Place £10.00 on Im So Fancy @ 3.50 = Potential profit of £25.00
Lay £8.79 on Im So Fancy @ 4.00 = Potential liability of £26.37
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
Outcome | Bookie | Exchange | Cashback | Profit/Loss |
---|---|---|---|---|
Im So Fancy wins | +£25.00 | -£26.37 | £1.37 loss | |
Im So Fancy finishes 2nd or 3rd | -£10.00 | +£8.61 | +£10.00 | £8.61 profit |
Im So Fancy finishes outside top 3 | -£10.00 | +£8.61 | £1.39 loss |
So, we’ll make a nice profit of £8.61 if Im So Fancy finishes 2nd or 3rd and we stand to lose a maximum of £1.39 on any other outcome. Risking £1.39 to make a profit of £8.61 gives us effective odds of 7.19, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If eligible, cash refunds will be credited within 24 hours of the race finishing.
* Mustang Snapper was available at back odds of 2.75 and lay odds of 2.96. Mustang Snapper finished outside the top 3, resulting in a loss of £0.84 on this Sky Bet offer. *
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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.