Money Back Special (13:50 Newbury) – Coral

There’s a big day of racing at Newbury today and you don’t want to miss this Money Back Special from Coral! If our horse loses in the 13:50 at Newbury, Coral will refund our stake as a free bet, up to a maximum of £25.00. Translated into matched betting terms, this gives us a guaranteed profit of £13.39 and here’s how…

The Strategy:

If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how it should be done.

Qualifying bets must be placed between 08:00 and 13:50 (race off) on Saturday 10th February 2018, to be eligible.

Losing stakes are refunded as a free bet, so this is effectively a risk-free offer. We therefore need to select a horse with long odds. Having looked at the odds available, we could place our qualifying bet on King Uther.

I like to place my exchange lay bets with Betfair as they have great liquidity in the run up to races and the site is really easy to use.

Qualifying Bet:

We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £18.75 as our ‘Cashback’ figure as this is the amount we can expect to extract (75%) from our £25.00 free bet refund, should our horse lose…

As you can see, the calculator tells us that our lay stake should be £20.68…

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

So, regardless of the result of the race, we’ll make a guaranteed profit of £13.39 on this Coral offer!

If our selection loses, our free bet will be credited by 12:00 on Sunday 11th February 2018 and will be valid on horse racing for 24 hours.

If you’re unsure how to extract 75% cash from a £25.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

* The race was won by Talkischeap, resulting in a profit of £13.39 on this Sky Bet Money Back Special. *