It’s Day 2 of the Yorkshire Ebor Festival and ApolloBet are keeping up with the big boys by running this great money-back special. If our horse finishes 2nd or 3rd to Tasleet in the 1.55 at York race course on Thursday, ApolloBet 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 £17.63 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.
This offer is available to existing customers so if you don’t already have an ApolloBet account, sign up today and take advantage of their £50.00 welcome offer.
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 or 3rd placed finish. At the time of writing, the lay odds are pretty poor so I’ll use fictional odds in the following example and I’ll update the bottom of this post with my actual selection after the race.
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.
Place £25.00 on Orvar @ 7.00 = Potential profit of £150.00
Lay £23.09 on Orvar @ 7.60 = Potential liability of £152.37
Let’s have a look at our potential profit/loss for the possible outcomes…
| Orvar wins | £150.00 – £152.37 = £2.37 loss |
| Orvar places 2nd or 3rd behind Tasleet | -£25.00 + £22.63 + £20.00 (extract 80% from our £25.00 free bet) = £17.63 profit |
| Orvar places 2nd or 3rd but not behind Tasleet | -£25.00 + £22.63 = £2.37 loss |
| Orvar places outside top 3 | -£25.00 + £22.63 = £2.37 loss |
So we will make a nice profit of £17.63 if Orvar places 2nd or 3rd behind Tasleet and we stand to lose £2.37 on any other outcome. A £2.37 risk to make £17.63 profit gives us effective odds of 8.44.
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.
* I actually placed my qualifying bet on Projection at back odds of 8.50 and lay odds of 9.20. Projection finished outside the top 3, meaning I made an overall loss of £2.31 on this offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.