£9.42
Potential Profit
£-0.58
Actual Profit

Money Back Offer (14:35 Curragh) – Sky Bet


Posted by Matt (administrator) Matt
Start Time: 13/09/2020 14:35

There’s a big day of racing at the Curragh on Sunday and it’s time for another Sky Bet money back offer! If our horse finishes 2nd or 3rd in the 14:35 at the Curragh, 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 £9.42 and here’s how…

Key Terms:

  • This offer applies to our first bet on the 14:35 at the Curragh.
  • Qualifying bets must be placed between 12:00 on Friday 11th September 2020 and 14:35 (race-off) on Sunday 13th 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 Magic Wand.

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

Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.

Banner showing the zero commission sign up offer from Betfair

Banner showing the zero commission sign up offer from Betfair

If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.

For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.

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 £9.62…

Sky Bet logo

Place £10.00 on Magic Wand @ 4.50 = Potential profit of £35.00

Betfair logo

Lay £9.62 on Magic Wand @ 4.70 = Potential liability of £35.59

Outcomes:

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

Outcome Bookie Exchange Cashback Profit/Loss
Magic Wand wins +£35.00 -£35.59 £0.59 loss
Magic Wand finishes 2nd or 3rd -£10.00 +£9.42 +£10.00 £9.42 profit
Magic Wand finishes outside top 3 -£10.00 +£9.42 £0.58 loss

So, we’ll make a nice profit of £9.42 if Magic Wand finishes 2nd or 3rd and we stand to lose a maximum of £0.59 on any other outcome. Risking £0.59 to make a profit of £9.42 gives us effective odds of 16.97, 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.

* Magic Wand finished outside the top 3, resulting in a loss of £0.58 on this Sky Bet offer. *

Comments


  1. johnbolton55

    0

    I always lay the place too for a guaranteed profit.

    +0
    Reply
    1. Matt

      324

      There’s nothing wrong with that John, nicely done.

      +0
      Reply

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