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 16:15 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 £8.69 and here’s how…
- This offer applies to our first bet on the 16:15 at Meydan.
- Qualifying bets must be placed between 09:00 on Wednesday 6th January 2021 and 16:15 (race-off) on Thursday 7th January 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.
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 Soft Whisper at back odds of 2.625 (13/8) and lay odds of 2.98.
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.
- 2% commission for all new signups
- 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 £8.87…
Place £10.00 on Soft Whisper @ 2.625 = Potential profit of £16.25
Lay £8.87 on Soft Whisper @ 2.98 = Potential liability of £17.56
Let’s have a look at our potential profit/loss for the possible outcomes…
So, we’ll make a nice profit of £8.69 if Soft Whisper finishes 2nd or 3rd and we stand to lose £1.31 on any other outcome. Risking £1.31 to make a potential profit of £8.69 gives us effective odds of 7.63, 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.
* Soft Whisper won the race, resulting in a loss of £1.31 on this Sky Bet offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.