There’s a big day of racing at Sandown today and you don’t want to miss this RaceBets Money Back Special! If our horse loses in the 13:50 at Sandown, RaceBets will refund our stake as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a guaranteed profit of £6.02 and here’s how…
Key Terms:
- This offer applies to our first single fixed odds bet on the 13:50 at Sandown.
- Qualifying bets must be placed on Saturday 1st September 2018 (day of the race).
- If our horse does not win the race, RaceBets will refund our stake as a free bet, up to £10.00.
Qualifying Bet:
As losing stakes are refunded as a free bet, this is effectively a risk-free bet offer.
We need to select a horse with long odds in order to maximise our profit. Having looked at the odds available, we could place our qualifying bet on Bahamian Sunrise.
At the time of writing, laying our bet with Smarkets gives us the biggest guaranteed profit.
We can work out our lay stake using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £8.00 as our ‘Cashback’ figure as this is the amount we can expect to extract (80%) from our £10.00 free bet refund, should our horse lose…
As you can see, the calculator tells us that our lay stake should be £8.22…
Place £10.00 on Bahamian Sunrise @ 9.00 = Potential profit of £80.00
Lay £8.22 on Bahamian Sunrise @ 10.00 = Potential liability of £73.98
Let’s have a look at our potential profit/loss for the possible outcomes…
| Bahamian Sunrise wins | + £80.00 – £73.98 = £6.02 profit |
| Bahamian Sunrise doesn’t win | – £10.00 + £8.05 + £8.00 (extract 80% from our £10.00 free bet) = £6.05 profit |
So, regardless of the result of the race, we’ll make a guaranteed profit of £6.02 on this RaceBets offer!
If our selection loses, our free bet will be credited within an hour of the race ending and will be valid for 24 hours. Free bet stakes are not included in any winnings.
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.
* Bahamian Sunrise failed to win the race, resulting in a profit of £6.05 on this RaceBets offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.