There’s a big day of racing at Punchestown on Sunday and you don’t want to miss this Money Back Special from Paddy Power! Simply place a bet of up to £10.00 on the 13:15 at Punchestown and if A Plus Tard wins, Paddy Power will refund all losing bets as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a potential profit of £7.20 and here’s how…
Key Terms:
- We must place our bet between 10:00 on Friday 11th January 2019 and 13:15 (race-off) on Sunday 13th January 2019.
- Offer applies to single bets or the win part of each way bets.
- If less than 5 runners take part, this offer will not apply.
- If our horse loses and A Plus Tard wins the race, 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.
For our qualifying bet, we need to back and lay any horse other than A Plus Tard. At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional lay odds for Jetz (5/1) in the following example and I’ll update the bottom of the post with an actual selection after the race.
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 |
---|---|---|---|---|
Jetz wins | +£50.00 | -£50.80 | £0.80 loss | |
A Plus Tard wins | -£10.00 | +£9.20 | +£8.00 | £7.20 profit |
Another horse wins | -£10.00 | +£9.20 | £0.80 loss |
So, if A Plus Tard wins, we’ll make a nice profit of £7.20. Any other outcome and we’ll lose £0.80. Risking £0.80 to make a profit of £7.20, gives us effective odds of 10.00. So, given that A Plus Tard is odds of just 2.10 (11/10) 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 horse racing 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.
* Gun Digger was available at back odds of 7.00 and lay odds of 7.80. Winter Escape won the race, resulting in a loss of £1.18 on this Paddy Power 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.