It’s the Champion Hurdle at Punchestown on Friday and you don’t want to miss this Paddy Power money back offer! Simply place a single bet on the 17:25 Punchestown and if a UK trained horse wins, Paddy Power will refund losing bets as a free bet up to £10.00. Translated into matched betting terms, this gives us a potential profit of £7.78 and here’s how…
- Applies to bets placed on the Champion Hurdle between 14:00 on Thursday 28th April 2021 and 17:25 (race-off) on Friday 29th April 2021.
- Applies to the win market and the win part of each way bets only.
- If a UK trained horse (Epatante or Goshen) wins, Paddy Power will refund losing stakes as a free bet 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 place your qualifying bet on, though you’ll want to avoid betting on the two UK trained horses, Epatante and Goshen.
At the time of writing, Honeysuckle is available at back odds of 1.667 (4/6) and lay odds of 1.69.
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 £9.98…
Place £10.00 on Honeysuckle @ 1.667 = Potential profit of £6.67
Lay £9.98 on Honeysuckle @ 1.69 = Potential liability of £6.88
Let’s have a look at our potential profit/loss for the possible outcomes…
So, if Epatante or Goshen wins, we’ll make a nice profit of £7.78! Any other outcome and we’ll lose a maximum of £0.22. Risking £0.22 to make a profit of £7.78, gives us effective odds of 36.36. So, given that the odds are just 4.00 (3/1) for Epatante or Goshen to win the race, this is 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.
* Honeysuckle won the race, resulting in a loss of £0.21 on this Paddy Power 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.