There’s a big day of racing at Cheltenham on New Year’s Day and it’s time for another Sky Bet Money Back Special! If our horse finishes 2nd in the 13:25 at Cheltenham, Sky Bet will refund our stake as cash, up to a maximum of £10.00. Translated into matched betting terms, this gives us a potential profit of £8.96 and here’s how…
- This offer applies to our first bet on the 13:25 at Cheltenham.
- Qualifying bets must be placed between 14:00 on Tuesday 31st December 2019 and 13:25 (race-off) on Wednesday 1st January 2020.
- If fewer than four runners come under starters orders, Sky Bet may withdraw the offer.
- If our horse finishes 2nd, Sky Bet will refund our stake as cash, up to £10.00.
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 place finish.
Having looked at the odds available, we could place our qualifying bet on Champ.
At the time of writing, laying our bet with Betfair gives us the smallest qualifying loss.
Betfair are currently running a great sign up offer where you pay 0% commission up to £500 for the first 30 days…
If you already have a Betfair account, you can opt to pay just 2% commission by selecting the Basic package.
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 £9.15…
Place £10.00 on Champ @ 1.40 = Potential profit of £4.00
Lay £9.15 on Champ @ 1.55 = Potential liability of £5.03
Let’s have a look at our potential profit/loss for the possible outcomes…
|Champ wins||+£4.00||-£5.03||£1.03 loss|
|Champ finishes 2nd||-£10.00||+£8.96||+£10.00||£8.96 profit|
|Champ finishes outside top 2||-£10.00||+£8.96||£1.04 loss|
So, we’ll make a nice profit of £8.96 if Champ finishes 2nd and we stand to lose a maximum of £1.04 on any other outcome. Risking £1.04 to make a profit of £8.96 gives us effective odds of 9.62, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If eligible, cash refunds will be credited within 24 hours of the race finishing.
* Champ fell, resulting in a loss of £1.04 on this Sky Bet offer. *
Click here to get this Sky Bet offer