£9.42
Potential Profit
£1.92
Actual Profit

Money Back Special (13:50 Ascot) – Sky Bet


Posted by Matt (administrator) Matt
Start Time: 18/01/2020 13:50

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 cash, up to a maximum of £10.00. Translated into matched betting terms, this gives us a potential profit of £9.42 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 17th January 2020 and 13:50 (race-off) on Saturday 18th January 2020.
  • If fewer than five 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.

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.

Betfair are currently running a great sign up offer where you pay 0% commission up to £500 for the first 30 days…

Banner showing the zero commission sign up offer from Betfair

Banner showing the zero commission sign up offer from Betfair

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…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £

Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £9.62…

Sky Bet logo

Place £10.00 on Magic Of Light @ 3.25 = Potential profit of £22.50

Betfair logo

Lay £9.62 on Magic Of Light @ 3.40 = Potential liability of £23.08

Outcomes:

Let’s have a look at our potential profit/loss for the possible outcomes…

OutcomeBookieExchangeCashbackProfit/Loss
Magic Of Light wins+£22.50-£23.08£0.58 loss
Magic Of Light finishes 2nd-£10.00+£9.42+£10.00£9.42 profit
Magic Of Light finishes outside top 2-£10.00+£9.42£0.58 loss

So, we’ll make a nice profit of £9.42 if Magic Of Light finishes 2nd and we stand to lose £0.58 on any other outcome. Risking £0.58 to make a profit of £9.42 gives us effective odds of 17.24, 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.

* Magic Of Light won the race with a Starting Price (SP) of 3.50, resulting in a profit of £1.92, courtesy of Sky Bet’s Best Odds Guaranteed promise. *

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