Money Back Offer (13:50 Newbury) – Sky Bet

£9.46
Potential Profit
£-0.54
Actual Profit

There’s another big day of racing at Newbury on Saturday and it’s time for another Sky Bet money back offer! If our horse finishes 2nd or 3rd in the 13:50 at Newbury, 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 £9.46 and here’s how…

Key Terms:

  • This offer applies to our first bet on the 13:50 at Newbury.
  • Qualifying bets must be placed between 11:00 on Thursday 26th November 2020 and 13:50 (race-off) on Saturday 28th November 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 Tea Clipper at back odds of 3.75 (11/4) and lay odds of 3.90 (Smarkets).

Either exchange works for this offer

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 £9.66…

Sky Bet logo.

Place £10.00 on Tea Clipper @ 3.75 = Potential profit of £27.50

Smarkets logo.

Lay £9.66 on Tea Clipper @ 3.90 = Potential liability of £28.01

Outcomes:

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

OutcomeSky BetSmarketsCashbackProfit/Loss
Tea Clipper wins+ £27.50– £28.01£0.51 loss
Tea Clipper finishes 2nd or 3rd– £10.00+ £9.46+ £10.00£9.46 profit
Tea Clipper finishes outside top 3– £10.00+ £9.46£0.54 loss

So, we’ll make a nice profit of £9.46 if Tea Clipper finishes 2nd or 3rd and we stand to lose a maximum of £0.54 on any other outcome. Risking £0.54 to make a profit of £9.46 gives us effective odds of 18.52, 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.

* Tea Clipper finished outside the top 3, resulting in a loss of £0.54 on this Sky Bet offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £50,000 worth of profit, and made it my mission to make matched betting accessible to everyone.