There’s a big day of racing at Ascot on Saturday and you don’t want to miss this Paddy Power offer! Simply place a bet of up to £10.00 on the 13:50 at Ascot and Paddy Power will pay both the 1st and 2nd placed horses out as winners. Translated into matched betting terms, this gives us a potential profit of £49.10 and here’s how…
Key terms
- Applies to bets placed between 10:00 on Thursday 21st January 2021 and 13:50 (race-off) on Saturday 23rd January 2021.
- Applies to win singles and the win part of each way singles only.
- Paddy Power will pay both the 1st and 2nd placed horses out as winners, in cash.
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 horse you go for, but it would make sense to select a horse with fairly short odds in the hope of a 2nd place finish (you’ll see why in a moment).
At the time of writing, the back and lay odds aren’t quite tight enough. Lightly Squeeze is favourite to win the race at back odds of 5.00 (4/1). I’ll use lay odds of 5.40 to illustrate how this offer works and I’ll update the bottom of this post after the race with a genuine selection.
We can calculate our lay stakes using my Matched Betting Calculator…
As you can see, the calculator tells us that our lay stake should be £9.29…
Place £10.00 on Lightly Squeeze @ 5.00 = Potential profit of £40.00
Lay £9.29 on Lightly Squeeze @ 5.40 = Potential liability of £40.87
Outcomes
Let’s have a look at our potential profit/loss for the possible outcomes…
So, we would make a nice profit of £49.10 if Lightly Squeeze finishes 2nd and we would stand to lose a maximum of £0.90 on any other outcome. Risking £0.90 to make a potential profit of £49.10 gives us effective odds of 55.56, which I’m sure you’ll agree, makes this a profitable offer in the long run.
Bets will be settled and any winnings credited within 2 hours of the race ending.
* Paddys Motorbike was available at back odds of 6.00 and lay odds of 6.80. Paddys Motorbike finished outside the top 2, resulting in a loss of £1.33 on this Paddy Power offer. *
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Marv
Guest userHi Matt, do you know if they pay out for the second place on gubbed accounts? The optimist in me says “Yes” as it doesn’t involve any free bets, but the realist says “No” as it’s still a promotion. Any thoughts?
Matt
1490I wouldn’t have thought they would Marv to be honest. Like you say, it’s still a promotion.
BRAKAY
0Tried to follow a couple of these, notice the odds don’t really come close enough to minimise the loss.
Do you wait until right before the off, lay bets change too quick to be confident you’re doing right.
Any advice?
Matt
1490Yes the odds tend to fluctuate more the closer you get to the start of the race. I probably wouldn’t suggest you leave it that late if you’re not too confident, though your confidence will grow with each bet you place.
It was a tricky race to find a low qualifying loss on this week as there was no clear favourite.