Money Back Offer (16:20 Sandown) – Betway

There’s a big day of racing at Sandown on Sunday and you don’t want to miss this Betway money back offer! If our horse finishes 2nd, 3rd or 4th in the 16:20 Sandown, Betway will refund our stake as a free bet up to £10.00. Translated into matched betting terms, this gives us a potential profit of £6.93 and here’s how…

Key terms

• Applies to our first bet on the 16:20 Sandown.
• Applies to bets placed before 16:20 (race-off) on Sunday 22nd August 2021.
• Minimum odds of 1.50 (1/2).
• If our horse finishes 2nd, 3rd or 4th, Betway will refund our stake as a free bet up to £10.00.
• If fewer than eight runners come under starters orders, the promotion will revert to money back as a free bet for 2nd place only.

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 back and lay odds aren’t quite tight enough. Mascat is favourite to win the race at back odds of 6.00 (5/1). I’ll use lay odds of 6.60 to illustrate how this offer works and I’ll update the bottom of this post with a genuine selection after the race.

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

Open Betfair Account

• 0% commission for 60 days

Open Smarkets Account

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 £9.12…

Place £10.00 on Mascat @ 6.00 = Potential profit of £50.00

Lay £9.12 on Mascat @ 6.60 = Potential liability of £51.07

Outcomes

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

So, we’ll make a nice profit of £6.93 if Mascat finishes 2nd, 3rd or 4th or we’ll lose £1.07 on any other outcome. Risking £1.07 to make a potential profit of £6.93 gives us effective odds of 7.48, which I’m sure you’ll agree, makes this a profitable offer in the long run.

If eligible, free bets will be credited within an hour of the race being settled and will be valid for 7 days. Free bet stakes are not included in any returns.

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.

* Mascat was available at back odds of 6.00 and lay odds of 7.00. Mascat finished 3rd, resulting in a profit of £6.42 on this Betway offer. *