There’s another big day of racing at York on Thursday and you don’t want to miss this Paddy Power money back offer! Simply place a bet of up to £10.00 on the 15:10 York 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 £6.44 and here’s how…
Key terms
- We must place our bet between 13:00 on Wednesday 12th May 2021 and 15:10 (race-off) on Thursday 13th May 2021.
- 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, High Definition is available at back odds of 2.50 (6/4) and lay odds of 2.92.
We can calculate our lay stakes using my Matched Betting Calculator…
As you can see, the calculator tells us that our lay stake should be £8.62…
Place £10.00 on High Definition @ 2.50 = Potential profit of £15.00
Lay £8.62 on High Definition @ 2.92 = Potential liability of £16.55
Outcomes
Let’s have a look at our potential profit/loss for the possible outcomes…
So, we’ll make a nice profit of £6.44 if High Definition finishes 2nd, 3rd or 4th or we’ll lose a maximum of £1.56 on any other outcome. Risking £1.56 to make a potential profit of £6.44 gives us effective odds of 5.13, 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 walkthrough of how it should be done.
* High Definition finished 3rd, resulting in a profit of £6.44 on this Paddy Power offer. *
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Adam R
Guest userI’ve just been gubbed by paddypower. Their email said I could no longer get enhanced odds, but when I click on an enhanced odds selection and enter a number it appears I still can. Has anyone else noticed this when gubbed?
Matt
1490It may tell you you’re stake restricted when you go to place the bet Adam. There’s only one way to find out…