£14.31
Potential Profit
£-1.54
Actual Profit

Money Back Offer (16:55 Newbury) – Unibet


Posted by Matt (administrator) Matt
Start Time: 12/06/2020 16:55

There’s a big day of racing at Newbury on Friday and it’s time for a Unibet money back offer! If our horse finishes 2nd or 3rd in the 16:55 at Newbury, Unibet will refund our stake as a free bet, up to a maximum of £20.00. Translated into matched betting terms, this gives us a potential profit of £14.31 and here’s how…

Key Terms:

  • We must opt in on the promotion page to be eligible.
  • Minimum stake of £1.00.
  • Bets placed with a ‘Uniboost’ will not be eligible.
  • This offer applies to our first bet on the 16:55 at Newbury.
  • A minimum of 5 horses must run.
  • If our horse finishes 2nd or 3rd, Unibet will refund our stake as a free bet, up to £20.00.

Qualifying Bet:

If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how they should be done.

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.

At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional lay odds for Breathalyze in the following example and I’ll update the bottom of the post with an actual selection after the race.

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 £18.69…

Unibet logo

Place £20.00 on Breathalyze @ 4.00 = Potential profit of £60.00

Betfair logo

Lay £18.69 on Breathalyze @ 4.30 = Potential liability of £61.67

Outcomes:

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

OutcomeBookieExchangeExtractedProfit/Loss
Breathalyze wins+£60.00-£61.67£1.67 loss
Breathalyze finishes 2nd or 3rd-£20.00+£18.31+£16.00£14.31 profit
Breathalyze finishes outside top 3-£20.00+£18.31£1.69 loss

So, we’ll make a nice profit of £14.31 if Breathalyze finishes 2nd or 3rd and we stand to lose a maximum of £1.69 on any other outcome. Risking £1.69 to make a profit of £14.31 gives us effective odds of 9.47, which I’m sure you’ll agree, makes this a profitable offer in the long run.

If eligible, free bets will be credited within 24 hours. If you’re unsure how to extract £16.00 cash (80%) from a £20.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

* Society Lion was available at back odds of 3.75 and lay odds of 4.00. Society Lion finished outside the top 3, resulting in a loss of £1.54 on this Unibet offer. *

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