There’s a big day of racing at Ascot on Saturday and it’s time for another Sky Bet Money Back Special! If our horse finishes 2nd in the 13:15 at Ascot, Sky Bet 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 £13.77 and here’s how…
Qualifying Bet:
* As per the terms, if fewer than five runners come under starters orders, Sky Bet may withdraw this offer. *
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.
Qualifying bets must be placed between 14:00 on Friday 16th February 2018 and 13:15 on Saturday 17th February 2018, to be eligible.
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 place finish.
At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional odds for Captain Cattistock in the following example and I’ll update the bottom of the post with an actual selection after the race.
I like to place my exchange lay bets with Betfair as they have great liquidity in the run up to races and the site is really easy to use.
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 £19.76…
Place £20.00 on Captain Cattistock @ 2.875 = Potential profit of £37.50
Lay £19.76 on Captain Cattistock @ 2.96 = Potential liability of £38.72
Let’s have a look at our potential profit/loss for the possible outcomes…
| Captain Cattistock wins | + £37.50 – £38.72 = £1.22 loss |
| Captain Cattistock places 2nd | – £20.00 + £18.77 + £15.00 (extract 75% from our £20.00 free bet) = £13.77 profit |
| Captain Cattistock finishes outside top 2 | – £20.00 + £18.77 = £1.23 loss |
So, we’ll make a nice profit of £13.77 if Captain Cattistock places 2nd and we stand to lose a maximum of £1.23 on any other outcome. Risking £1.23 to make a profit of £13.77 gives us effective odds of 12.20, 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 of the race ending and will be valid for 3 days.
If you’re unsure how to extract 75% of a £20.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
* See my Horse Racing Offers page for a full list of money back offers available today! *
* Captain Cattistock was available at back odds of 3.75 and lay odds of 3.90. Captain Cattistock finished outside the top 2, resulting in a loss of £1.50 on this Sky Bet offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.