UK horse racing returns at Newcastle on Monday 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 13:35 at Newcastle 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 £7.20 and here’s how…
Key Terms:
- We must place our bet between 10:00 on Sunday 31st May 2020 and 13:35 (race-off) on Monday 1st 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 Mutasaamy (4/5).
We can calculate our lay stakes using my matched betting calculator.
Aim to lose no more than £0.80 on our qualifying bet
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Extracted | Profit/Loss |
|---|---|---|---|---|
| Mutasaamy wins | +£8.00 | -£8.80 | £0.80 loss | |
| Mutasaamy finishes 2nd 3rd or 4th | -£10.00 | +£9.20 | +£8.00 | £7.20 profit |
| Mutasaamy finishes outside top 4 | -£10.00 | +£9.20 | £0.80 loss |
So, we’ll make a nice profit of £7.20 if Mutasaamy finishes 2nd, 3rd or 4th and we stand to lose £0.80 on any other outcome. Risking £0.80 to make a profit of £7.20 gives us effective odds of 10.00, 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.
* Mutasaamy finished outside the top 4, resulting in a loss of £0.80 on this Paddy Power offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.