£7.25
Potential Profit
£-1.14
Actual Profit

Money Back Offer (14:20 Newmarket) – Paddy Power


Posted by Matt (administrator) Matt
Start Time: 10/10/2020 14:20

There’s another big day of racing at Newmarket on Saturday and you don’t want to miss this Paddy Power money back offer! Simply place a bet of up to £10.00 on the 14:20 at Newmarket and if our horse finishes 2nd, 3rd or 4th, Paddy Power will refund our stake as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a potential profit of £7.25 and here’s how…

Key Terms:

  • We must place our bet between 10:00 on Friday 9th October 2020 and 14:20 (race-off) on Saturday 10th October 2020.
  • Offer applies to the win market and the win part of each way bets only.
  • If less than 7 runners take part, this offer will revert to money back if 2nd.
  • If our horse finishes 2nd, 3rd or 4th, Paddy Power will refund our stake as a free bet, 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, 3rd or 4th place finish.

At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional lay odds for Van Gogh (10/3) in the following example and I’ll update the bottom of the post with an actual selection after the race.

We can calculate our lay stakes using my Matched Betting Calculator.

Paddy Power logo

Aim to lose no more than £0.75 on our qualifying bet

Outcomes:

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

Outcome Bookie Exchange Free Bet Profit/Loss
Van Gogh wins +£33.33 -£34.08 £0.75 loss
Van Gogh finishes 2nd 3rd or 4th -£10.00 +£9.25 +£8.00 £7.25 profit
Van Gogh finishes outside top 4 -£10.00 +£9.25 £0.75 loss

So, we’ll make a nice profit of £7.25 if Van Gogh finishes 2nd, 3rd or 4th and we stand to lose £0.75 on any other outcome. Risking £0.75 to make a profit of £7.25 gives us effective odds of 10.67, which I’m sure you’ll agree, makes this a profitable offer in the long run.

If eligible, free bets will be credited within 2 hours of the race ending and will be valid on any horse racing market for 7 days.

If you’re unsure how to convert your £10.00 free bet into £8.00 cash (80%), please see my Free Bets Guide for a walk-through of how it should be done.

* Latest Generation was available at back odds of 6.50 and lay odds of 7.20. Latest Generation finished outside the top 4, resulting in a loss of £1.14 on this Paddy Power offer. *

Comments


  1. Tony P

    Guest user

    Didn’t Van Gogh finish second?

    +0
    Reply
    1. Matt

      344

      Yes Van Gogh finished 2nd Tony, though that was just an example to illustrate how the offer should be done as the odds weren’t tight enough at the time of posting.

      I’ve added a note to the bottom of the post. Latest Generation had the best odds just before the off.

      +0
      Reply

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