Money Back Special (13:50 Newmarket) – RaceBets

There’s a big day of racing at Newmarket on Friday and you don’t want to miss this Money Back Special from RaceBets! Simply place a bet of up to £10.00 on the 13:50 at Newmarket and if Unforgetable Filly wins, RaceBets will refund all losing bets as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a potential profit of £7.16 and here’s how…

Key Terms:

  • This offer applies to our first single fixed odds bet on the 13:50 at Newmarket.
  • Qualifying bets must be placed on Friday 28th September 2018 (day of the race).
  • If our horse loses and Unforgetable Filly wins the race, RaceBets will refund our stake as a free bet, 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.

For our qualifying bet, we need to back and lay any horse other than Unforgetable Filly. Having looked at the odds available, we could place our qualifying bet on Agrotera.

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 £9.35…

RaceBets logo

Place £10.00 on Agrotera @ 4.00 = Potential profit of £30.00

Smarkets logo

Lay £9.35 on Agrotera @ 4.30 = Potential liability of £30.85

Outcomes:

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

Agrotera wins + £30.00 – £30.85 = £0.85 loss
Unforgetable Filly wins – £10.00 + £9.16 + £8.00 (extract 80% from our £10.00 free bet) = £7.16 profit
Another horse wins – £10.00 + £9.16 = £0.84 loss

So, if Unforgetable Filly wins, we’ll make a nice profit of £7.16. Any other outcome and we’ll lose a maximum of £0.85. Risking £0.85 to make a profit of £7.16, gives us effective odds of 9.42. So, given that Unforgetable Filly is odds of 3.50 (5/2) to win the race, this is a profitable offer in the long run.

If eligible, free bets will be credited within 1 hours of the race ending and will be valid for 24 hours.

If you’re unsure how to extract 80% cash from a £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

* Beshaayir won the race, resulting in a loss of £0.84 on this RaceBets 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.