It’s Day 3 of Cheltenham Festival 2021 on Thursday and you don’t want to miss this Sky Bet money back offer! Simply place a bet on the Marsh Novices’ Chase and if your horse finishes 2nd, 3rd or 4th, Sky Bet will refund your stake as cash, up to a maximum of £10.00. Translated into matched betting terms, this gives us a guaranteed profit of £9.56 and here’s how…
Key terms
- Applies to your first cash bet on a horse that runs in the Marsh Novices’ Chase.
- Applies to bets placed between 11:00 on Tuesday 16th February 2021 and 13:20 (race-off) on Thursday 18th March 2021.
- If fewer than six runners come under starters orders, Sky Bet may withdraw the offer.
- Maximum cash refund of £10.00 if your horse loses.
Qualifying bet
If you’d like more information about qualifying bets and how they work, please see my qualifying bets guide.
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, 3rd or 4th place finish.
At the time of writing, Envoi Allen is available at back odds of 1.533 (8/15) and lay odds of 1.59.
Either exchange works for this offer
Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.
- Money back as cash up to £20
- 0% commission for 60 days
We can work out our lay stake using my Matched Betting Calculator…
As you can see, the calculator tells us that our lay stake should be £9.76…
Place £10.00 on Envoi Allen @ 1.533 = Potential profit of £5.33
Lay £9.76 on Envoi Allen @ 1.59 = Potential liability of £5.75
Outcomes
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Sky Bet | Smarkets | Cashback | Profit/Loss |
|---|---|---|---|---|
| Envoi Allen wins | + £5.33 | – £5.75 | £0.42 loss | |
| Envoi Allen finishes 2nd, 3rd or 4th | – £10.00 | + £9.56 | + £10.00 | £9.56 profit |
| Any other outcome | – £10.00 | + £9.56 | £0.44 loss |
So, we’ll make a nice profit of £9.56 if Envoi Allen finishes 2nd, 3rd or 4th or we’ll lose a maximum of £0.44 on any other outcome. Risking £0.44 to make a potential profit of £9.56 gives us effective odds of 22.73, 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.
Don’t miss out on one of the most profitable weeks of the matched betting calendar! For a comprehensive list of available bookmaker offers, please see my Cheltenham Festival 2021 Offers page.
* Envoi Allen fell, resulting in a loss of £0.44 on this Sky Bet offer. *
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Matt Kirman – Matched 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.