There’s a big day of racing at Ascot today and it’s time for another Sky Bet First Race Special! If our horse finishes 2nd in the 13:50 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 £14.60 and here’s how…
The Terms:
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.
Qualifying bets must be placed between 14:00 on Friday 27th July 2018 and 13:50 (race-off) on Saturday 28th July 2018, to be eligible.
Qualifying Bet:
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 Royal Intervention.
At the time of writing, laying our bet with Smarkets gives us the smallest qualifying loss.
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 £18.98…
Place £20.00 on Royal Intervention @ 2.875 = Potential profit of £37.50
Lay £18.98 on Royal Intervention @ 3.05 = Potential liability of £38.90
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
Royal Intervention wins | + £37.50 – £38.90 = £1.40 loss |
Royal Intervention finishes 2nd | – £20.00 + £18.60 + £16.00 (extract 80% from our £20.00 free bet) = £14.60 profit |
Royal Intervention finishes outside top 2 | – £20.00 + £18.60 = £1.40 loss |
So, we’ll make a nice profit of £14.60 if Royal Intervention finishes 2nd and we stand to lose £1.40 on any other outcome. Risking £1.40 to make a profit of £14.60 gives us effective odds of 11.43, 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% of 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! *
* Royal Intervention finished 2nd, resulting in a profit of £14.60 on this Sky Bet offer. *
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Matt Kirman – Matched 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.