ITV Racing Money Back Special – Unibet

There’s a big day of live ITV racing to look forward to and you don’t want to miss this Unibet Money Back Special! If our horse finishes 2nd in any live ITV race today, Unibet will refund our stake as cash, up to a maximum of £20.00. Translated into matched betting terms, this gives us a potential profit of £18.74 and here’s how…

Key Terms:

  • The minimum qualifying bet is £20.00.
  • If our horse finishes 2nd, Unibet will refund our stake in cash, up to £20.00.
  • This offer applies to the following ITV races on Saturday 15th September 2018…
Race Time Meeting
1 13:50 Doncaster
2 14:05 Chester
3 14:25 Doncaster
4 14:40 Chester
5 15:00 Doncaster
6 15:35 Doncaster

Qualifying Bets:

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 horses you go for, but it would make sense to select horses with fairly short odds in the hope of a 2nd place finish.

Having looked at the odds available for the 15:00 at Doncaster, we could place our qualifying bet on Too Darn Hot.

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…

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 £19.13…

Unibet logo

Place £20.00 on Too Darn Hot @ 1.444 = Potential profit of £8.88

Smarkets logo

Lay £19.13 on Too Darn Hot @ 1.53 = Potential liability of £10.13

Outcomes:

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

Too Darn Hot wins + £8.88 – £10.13 = £1.25 loss
Too Darn Hot finishes 2nd – £20.00 + £18.74 + £20.00 (cash refund) = £18.74 profit
Too Darn Hot finishes outside top 2 – £20.00 + £18.74 = £1.26 loss

So, we’ll make a nice profit of £18.74 if Too Darn Hot finishes 2nd and we stand to lose a maximum of £1.26 on any other outcome. Risking £1.26 to make a profit of £18.74 gives us effective odds of 15.87, 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.

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

* Darn Too Hot won the race, resulting in a loss of £1.25 on this Unibet offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.