There’s a big day of racing at the Curragh on Friday and you don’t want to miss this Paddy Power money back offer! Simply place a bet of up to £10.00 on the 18:10 Curragh and if our horse finishes 2nd, 3rd or 4th, Paddy Power will refund our stake as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a potential profit of £6.95 and here’s how…
Key Terms:
- We must place our bet between 10:00 on Thursday 11th June 2020 and 18:10 (race-off) on Friday 12th June 2020.
- Offer applies to the win market and the win part of each way bets only.
- If less than 7 runners take part, this offer will revert to money back if 2nd.
- If our horse finishes 2nd, 3rd or 4th, Paddy Power will refund our stake as a free bet, up to £10.00.
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, 3rd or 4th place finish.
Having looked at the odds available, we could place our qualifying bet on Crossfirehurricane (5/1).
We can calculate our lay stakes using my matched betting calculator.
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
Outcome | Bookie | Exchange | Extracted | Profit/Loss |
---|---|---|---|---|
Crossfirehurricane wins | +£50.00 | -£51.05 | £1.05 loss | |
Crossfirehurricane finishes 2nd 3rd or 4th | -£10.00 | +£8.95 | +£8.00 | £6.95 profit |
Crossfirehurricane finishes outside top 4 | -£10.00 | +£8.95 | £1.05 loss |
So, we’ll make a nice profit of £6.95 if Crossfirehurricane finishes 2nd, 3rd or 4th and we stand to lose £1.05 on any other outcome. Risking £1.05 to make a profit of £6.95 gives us effective odds of 7.62, which I’m sure you’ll agree, makes this 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 extract £8.00 cash (80%) from the £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
* Crossfirehurricane won the race, resulting in a loss of £1.05 on this Paddy Power offer. *
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Alex
Guest userCrossfirehurricane had a starting price of 8.00 (7/1). Best odds guaranteed?
Matt
1490I did notice that Alex, so congrats if you got the extra winnings!
I didn’t include it here as I posted the night before and Best Odds Guaranteed only applies from 08:00 on the day of the race.