Money Back Offer (14:05 Haydock) – Sky Bet

There’s a big day of racing at Haydock on Saturday and it’s time for another Sky Bet money back offer! If our horse finishes 2nd or 3rd in the 14:05 at Haydock, 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 £9.15 and here’s how…

Key terms

  • Applies to our first bet on the 14:05 at Haydock.
  • Applies to bets placed between 10:00 on Friday 19th February 2021 and 14:05 (race-off) on Saturday 20th February 2021.
  • If fewer than six 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.

At the time of writing, the back and lay odds aren’t quite tight enough. Itchy Feet is favourite to win the race at back odds of 3.25 (9/4). I’ll use lay odds of 3.50 to illustrate how this offer works and I’ll update the bottom of the post after the race with a genuine selection.

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 £9.34…

Sky Bet logo

Place £10.00 on Itchy Feet @ 3.25 = Potential profit of £22.50

Betfair logo

Lay £9.34 on Itchy Feet @ 3.50 = Potential liability of £23.35

Outcomes

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

OutcomeSky BetBetfairCashbackProfit/Loss
Itchy Feet wins+ £22.50– £23.35£0.85 loss
Itchy Feet finishes 2nd or 3rd– £10.00+ £9.15+ £10.00£9.15 profit
Itchy Feet finishes outside top 3– £10.00+ £9.15£0.85 loss

So, we’ll make a nice profit of £9.15 if Itchy Feet finishes 2nd or 3rd and we stand to lose £0.85 on any other outcome. Risking £0.85 to make a potential profit of £9.15 gives us effective odds of 11.76, 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.

* Itchy Feet was available at back odds of 5.00 and lay odds of 5.40. Itchy Feet finished outside the top 3, resulting in a loss of £0.90 on this Sky Bet offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.