There’s a big day of racing at Chepstow on Thursday and it’s time for another Sky Bet money back offer! If our horse finishes 2nd or 3rd in the 14:07 Chepstow, 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 £8.79 and here’s how…
Key terms
- This offer applies to our first bet on the 14:07 Chepstow.
- Qualifying bets must be placed between 11:00 on Tuesday 23rd March 2021 and 14:07 (race-off) on Thursday 25th March 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, Goodnight Charlie is available at back odds of 3.75 (11/4) and lay odds of 4.20.
Smarkets works best for this offer
For this offer, Smarkets are the best option due to Sky Bet being part of the same group as Betfair.
Laying your bet at Betfair would probably be fine, but if you don’t want to risk it, Smarkets is your safest bet.
- 0% commission for 60 days
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 £8.97…
Place £10.00 on Goodnight Charlie @ 3.75 = Potential profit of £27.50
Lay £8.97 on Goodnight Charlie @ 4.20 = Potential liability of £28.70
Outcomes
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Sky Bet | Smarkets | Cashback | Profit/Loss |
|---|---|---|---|---|
| Goodnight Charlie wins | + £27.50 | – £28.70 | £1.20 loss | |
| Goodnight Charlie finishes 2nd or 3rd | – £10.00 | + £8.79 | + £10.00 | £8.79 profit |
| Any other outcome | – £10.00 | + £8.79 | £1.21 loss |
So, we’ll make a nice profit of £8.79 if Goodnight Charlie finishes 2nd or 3rd and we stand to lose a maximum of £1.21 on any other outcome. Risking £1.21 to make a potential profit of £8.79 gives us effective odds of 8.26, 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.
* Goodnight Charlie finished 2nd, resulting in a profit of £8.79 on this Sky Bet offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.