Money Back Special (13:50 Goodwood) – Unibet

It’s Day 4 of the Goodwood Festival 2018 on Friday and it’s time for a Unibet Money Back Special! If our horse finishes 2nd in the 13:50 at Goodwood, Unibet will refund our stake as cash, up to a maximum of £20.00. Translated into matched betting terms, this gives us a potential profit of £18.84 and here’s how…

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 Second Step.

At the time of writing, laying our bet with Smarkets is likely to give us the smallest qualifying loss.

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 £19.23…

Unibet logo

Place £20.00 on Second Step @ 4.50 = Potential profit of £70.00

Smarkets logo

Lay £19.23 on Second Step @ 4.70 = Potential liability of £71.15

Outcomes:

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

Second Step wins + £70.00 – £71.15 = £1.15 loss
Second Step finishes 2nd – £20.00 + £18.84 + £20.00 (cash refund) = £18.84 profit
Second Step finishes outside top 2 – £20.00 + £18.84 = £1.16 loss

So, we’ll make a nice profit of £18.84 if Second Step finishes 2nd and we stand to lose a maximum of £1.16 on any other outcome. Risking £1.16 to make a profit of £18.84 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.

* See my Horse Racing Offers page for a full list of money back offers available today! *

* Second Step finished outside the top 2, resulting in a loss of £1.16 on this Unibet offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.