It’s Day 3 of Goodwood Festival 2020 on Thursday and it’s time for another Sky Bet money back offer! If our horse finishes 2nd or 3rd in the 13:45 at Goodwood, Sky Bet will refund our stake as cash, up to a maximum of £10.00. Translated into matched betting terms, this gives us a potential profit of £9.22 and here’s how…
Key Terms:
- This offer applies to our first bet on the 13:45 at Goodwood.
- Qualifying bets must be placed between 12:00 on Tuesday 28th July 2020 and 13:45 (race-off) on Thursday 30th July 2020.
- If fewer than five runners come under starters orders, Sky Bet may withdraw the offer.
- If our horse finishes 2nd or 3rd, Sky Bet will refund our stake as cash, 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.
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 place finish.
Having looked at the odds available, we could place our qualifying bet on Magnetised.
At the time of writing, laying our bet with Betfair gives us the smallest qualifying loss.
Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.
If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.
For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.
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 £9.41…
Place £10.00 on Magnetised @ 4.50 = Potential profit of £35.00
Lay £9.41 on Magnetised @ 4.80 = Potential liability of £35.75
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Cashback | Profit/Loss |
|---|---|---|---|---|
| Magnetised wins | +£35.00 | -£35.75 | £0.75 loss | |
| Magnetised finishes 2nd or 3rd | -£10.00 | +£9.22 | +£10.00 | £9.22 profit |
| Magnetised finishes outside top 3 | -£10.00 | +£9.22 | £0.78 loss |
So, we’ll make a nice profit of £9.22 if Magnetised finishes 2nd or 3rd and we stand to lose a maximum of £0.78 on any other outcome. Risking £0.78 to make a profit of £9.22 gives us effective odds of 12.82, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If eligible, cash refunds will be credited within 24 hours of the race finishing.
* Magnetised finished outside the top 3, resulting in a loss of £0.78 on this Sky Bet 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.