First Race Special (13:25 Ascot) – Sky Bet

There’s a big day of racing at Ascot on Saturday and it’s time for another Sky Bet First Race Special! If our horse finishes 2nd in the 13:25 at Ascot, Sky Bet will refund our stake as a free bet, up to a maximum of £20.00. Translated into matched betting terms, this gives us a potential profit of £14.69 and here’s how…

Key Terms:

  • This offer applies to our first bet on the 13:25 at Ascot.
  • Qualifying bets must be placed between 14:00 on Friday 19th October 2018 and 13:25 (race-off) on Saturday 20th October 2018.
  • If fewer than seven runners come under starters orders, Sky Bet may withdraw the offer.
  • If our horse finishes 2nd, Sky Bet will refund our stake as a free bet, up to £20.00.

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 place finish.

Having looked at the odds available, we could place our qualifying bet on Stradivarius.

At the time of writing, laying our bet with Betfair gives us the smallest qualifying loss.

We can calculate our lay stake using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £19.68…

Sky Bet logo

Place £20.00 on Stradivarius @ 1.909 = Potential profit of £18.18

Betfair logo

Lay £19.68 on Stradivarius @ 1.99 = Potential liability of £19.48

Outcomes:

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

Stradivarius wins + £18.18 – £19.48 = £1.30 loss
Stradivarius finishes 2nd – £20.00 + £18.69 + £16.00 (extract 80% from our £20.00 free bet) = £14.69 profit
Stradivarius finishes outside top 2 – £20.00 + £18.69 = £1.31 loss

So, we’ll make a nice profit of £14.69 if Stradivarius finishes 2nd and we stand to lose a maximum of £1.31 on any other outcome. Risking £1.31 to make a profit of £14.69 gives us effective odds of 12.21, which I’m sure you’ll agree, makes this a profitable offer in the long run.

If eligible, free bets will be credited within 24 hours and will be valid for 3 days. Free bet stakes are not included in any returns.

If you’re unsure how to extract 80% cash from a £20.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

* See my Horse Racing Offers page for a full list of money back offers available today! *

* Stradivarius won the race at a starting price (SP) of 2.00, resulting in a small profit of £0.52, courtesy of Sky Bet’s Best Odds Guaranteed. *

Got a question?
Leave me a comment below

I usually respond within 24 hours.

Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.