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 13:50 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 £14.73 and here’s how…
Key Terms:
- This offer applies to our first bet on the 13:50 at Ascot.
- Qualifying bets must be placed between 14:00 on Friday 18th January 2019 and 13:50 (race-off) on Saturday 19th January 2019.
- 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 a free bet, up to £20.00.
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 place finish.
Having looked at the odds available, we could place our qualifying bet on Magic Of Light.
At the time of writing, laying our bet with Betfair gives us the smallest qualifying loss.
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 £19.72…
Place £20.00 on Magic Of Light @ 3.50 = Potential profit of £50.00
Lay £19.72 on Magic Of Light @ 3.60 = Potential liability of £51.27
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Extracted | Profit/Loss |
|---|---|---|---|---|
| Magic Of Light wins | +£50.00 | -£51.27 | £1.27 loss | |
| Magic Of Light finishes 2nd | -£20.00 | +£18.73 | +£16.00 | £14.73 profit |
| Magic Of Light finishes outside top 2 | -£20.00 | +£18.73 | £1.27 loss |
So, we’ll make a nice profit of £14.73 if Magic Of Light finishes 2nd and we stand to lose £1.27 on any other outcome. Risking £1.27 to make a profit of £14.73 gives us effective odds of 12.60, 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 and will be valid for 365 days. Free bet stakes are not included in any returns.
If you’re unsure how to extract £16.00 cash (80%) from the £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! *
* Magic Of Light won the race, resulting in a loss of £1.27 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.