There’s a big day of racing at Meydan on Thursday and it’s time for another Sky Bet money back offer! If our horse finishes 2nd or 3rd in the 15:40 at Meydan, 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 £9.12 and here’s how…
Key terms
- This offer applies to our first bet on the 15:40 at Meydan.
- Qualifying bets must be placed between 10:00 on Wednesday 10th February 2021 and 15:40 (race-off) on Thursday 11th 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.
Having looked at the odds available, we could place our qualifying bet on Secret Protector at back odds of 1.667 (4/6) and lay odds of 1.81.
Either exchange works for this offer
Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.
- Money back as cash up to £20
- 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 £9.31..
Place £10.00 on Secret Protector @ 1.667 = Potential profit of £6.67
Lay £9.31 on Secret Protector @ 1.81 = Potential liability of £7.54
Outcomes
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Sky Bet | Betfair | Cashback | Profit/Loss |
|---|---|---|---|---|
| Secret Protector wins | + £6.67 | – £7.54 | £0.87 loss | |
| Secret Protector finishes 2nd or 3rd | – £10.00 | + £9.12 | + £10.00 | £9.12 profit |
| Secret Protector finishes outside top 3 | – £10.00 | + £9.12 | £0.88 loss |
So, we’ll make a nice profit of £9.12 if Secret Protector finishes 2nd or 3rd and we stand to lose a maximum of £0.88 on any other outcome. Risking £0.88 to make a potential profit of £9.12 gives us effective odds of 11.36, 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.
* Secret Protector won the race, resulting in a loss of £0.87 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.