£18.42
Potential Profit
£18.27
Actual Profit

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


Posted by Matt (administrator) Matt
Start Time: 16/04/2019 13:50

There’s a big day of racing at Newmarket on Tuesday and it’s time for another Sky Bet Money Back Special! If our horse finishes 2nd or 3rd in the 13:50 at Newmarket, Sky Bet 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 £18.42 and here’s how…

Key Terms:

  • This offer applies to our first bet on the 13:50 at Newmarket.
  • Qualifying bets must be placed between 15:00 on Monday 15th April 2019 and 13:50 (race-off) on Tuesday 16th April 2019.
  • If fewer than nine runners come under starters orders, Sky Bet may withdraw the offer.
  • If our horse finishes 2nd or 3rd, Sky Bet will refund our stake as cash, 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 or 3rd place finish.

At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional lay odds for Buridan in the following example and I’ll update the bottom of the post with an actual selection after the race.

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

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 £18.80…

Sky Bet logo

Place £20.00 on Buridan @ 7.50 = Potential profit of £130.00

Smarkets logo

Lay £18.80 on Buridan @ 8.00 = Potential liability of £131.60

Outcomes:

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

OutcomeBookieExchangeCashbackProfit/Loss
Buridan wins+£130.00-£131.60£1.60 loss
Buridan finishes 2nd or 3rd-£20.00+£18.42+£20.00£18.42 profit
Buridan finishes outside top 3-£20.00+£18.42£1.58 loss

So, we’ll make a nice profit of £18.42 if Buridan finishes 2nd or 3rd and we stand to lose a maximum of £1.60 on any other outcome. Risking £1.60 to make a profit of £18.42 gives us effective odds of 12.51, 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.

* Green Power was available at back odds of 8.00 and lay odds of 8.60. Green Power finished 3rd, resulting in a profit of £18.27 on this Sky Bet offer. *

Comments


  1. Rich

    Guest user

    Hi Matt, how close to the start of the race did you find these lay odds and what exchange did you use?

    Cheers Rich

    +0
    Reply
    1. Matt

      167

      Those odds were available at Smarkets about 5-10 minutes before the off Rich.

      +0
      Reply
  2. Vicky

    Guest user

    I went for Tommy Taylor…finished last ha

    +0
    Reply
    1. Matt

      167

      Maybe next time Vicky.

      +0
      Reply

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