There’s another big day of racing at Cheltenham on Saturday and it’s time for another Sky Bet money back offer! If our horse finishes 2nd or 3rd in the 13:40 at Cheltenham, 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 £9.03 and here’s how…
- This offer applies to our first bet on the 13:40 at Cheltenham.
- Qualifying bets must be placed between 12:00 on Thursday 12th November 2020 and 13:40 (race-off) on Saturday 14th November 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.
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 or 3rd place finish.
Having looked at the odds available, we could place our qualifying bet on Fusil Raffles.
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 £9.22…
Place £10.00 on Fusil Raffles @ 2.25 = Potential profit of £12.50
Lay £9.22 on Fusil Raffles @ 2.46 = Potential liability of £13.46
Let’s have a look at our potential profit/loss for the possible outcomes…
|Fusil Raffles wins||+£12.50||-£13.46||£0.96 loss|
|Fusil Raffles finishes 2nd or 3rd||-£10.00||+£9.03||+£10.00||£9.03 profit|
|Fusil Raffles finishes outside top 3||-£10.00||+£9.03||£0.97 loss|
So, we’ll make a nice profit of £9.03 if Fusil Raffles finishes 2nd or 3rd and we stand to lose a maximum of £0.97 on any other outcome. Risking £0.97 to make a profit of £9.03 gives us effective odds of 10.31, 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.
* Fusil Raffles was pulled up, resulting in a loss of £0.97 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.