It’s Day 2 of the Goodwood Festival 2019 on Wednesday and you don’t want to miss this Money Back Special from Paddy Power! Simply place a bet of up to £10.00 on the 15:00 at Goodwood and if Liberty Beach wins, Paddy Power will refund all losing bets as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a potential profit of £7.40 and here’s how…
Key Terms:
- We must place our bet between 10:00 on Monday 29th July 2019 and 15:00 (race-off) on Wednesday 31st July 2019.
- Offer applies to single bets or the win part of each way bets.
- If less than 5 runners take part, this offer will not apply.
- If our horse loses and Liberty Beach wins the race, Paddy Power will refund our stake as a free bet, up to £10.00.
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.
For our qualifying bet, we need to back and lay any horse other than Liberty Beach. At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional lay odds for Maven (9/4) in the following example and I’ll update the bottom of the post with an actual selection after the race.
We can calculate our lay stakes using my matched betting calculator.
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
Outcome | Bookie | Exchange | Extracted | Profit/Loss |
---|---|---|---|---|
Maven wins | +£22.50 | -£23.10 | £0.60 loss | |
Liberty Beach wins | -£10.00 | +£9.40 | +£8.00 | £7.40 profit |
Another horse wins | -£10.00 | +£9.40 | £0.60 loss |
So, if Liberty Beach wins, we’ll make a nice profit of £7.40. Any other outcome and we’ll lose £0.60. Risking £0.60 to make a profit of £7.40, gives us effective odds of 13.33. So, given that Liberty Beach is odds of just 3.25 (9/4) to win the race, this is a profitable offer in the long run.
If eligible, free bets will be credited within 2 hours of the race ending and will be valid on any market for 7 days.
If you’re unsure how to extract £8.00 cash (80%) from the £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
* Dr Simpson was available at back odds of 15.00 and lay odds of 16.50. Liberty Beach won the race, resulting in a profit of £6.91 on this Paddy Power offer. *
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ROBI
Guest userAny one knows why I getting limited stake on this offer? Done day 1 went through ok and after that PP limiting my stake on day 2.
Matt
1490Is there any other activity on your account or are you just doing the races with offers on them?
ROBI
Guest userDidn’t use PP for a while. But today it went through. Seems that they limited me yesterday only. Couldn’t do Galway offer after I did this one. Thanks for quick response anyway.
Matt
1490Ah good to hear.