£9.01
Potential Profit
£9.01
Actual Profit

Money Back Offer (13:40 Doncaster) – Sky Bet


Posted by Matt (administrator) Matt
Start Time: 10/09/2020 13:40

There’s a big day of racing at Doncaster on Thursday and it’s time for another Sky Bet money back offer! If our horse finishes 2nd or 3rd in the 13:40 at Doncaster, 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 £9.01 and here’s how…

Key Terms:

  • This offer applies to our first bet on the 13:40 at Doncaster.
  • Qualifying bets must be placed between 14:00 on Tuesday 8th September 2020 and 13:40 (race-off) on Thursday 10th September 2020.
  • If fewer than seven 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’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 Nazuna.

At the time of writing, laying our bet with Smarkets gives us the smallest qualifying loss.

If you’re not yet signed up, Smarkets are currently offering a £10.00 welcome bonus for new customers.

Banner showing the £10 welcome bonus offer from Smarkets

Banner showing the £10 welcome bonus offer from Smarkets

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 £9.20…

Sky Bet logo

Place £10.00 on Nazuna @ 5.50 = Potential profit of £45.00

Smarkets logo

Lay £9.20 on Nazuna @ 6.00 = Potential liability of £46.00

Outcomes:

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

Outcome Bookie Exchange Cashback Profit/Loss
Nazuna wins +£45.00 -£46.00 £1.00 loss
Nazuna finishes 2nd or 3rd -£10.00 +£9.01 +£10.00 £9.01 profit
Nazuna finishes outside top 3 -£10.00 +£9.01 £0.99 loss

So, we’ll make a nice profit of £9.01 if Nazuna finishes 2nd or 3rd and we stand to lose a maximum of £1.00 on any other outcome. Risking £1.00 to make a profit of £9.01 gives us effective odds of 10.01, 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.

* Nazuna finished 2nd, resulting in a profit of £9.01 on this Sky Bet offer. *

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