£19.03
Potential Profit
£19.03
Actual Profit

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


Posted by Matt (administrator) Matt
Start Time: 17/05/2019 13:50

There’s another big day of racing at York on Friday and it’s time for another Sky Bet Money Back Special! If our horse finishes 2nd or 3rd in the 13:50 at York, 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 £19.03 and here’s how…

Key Terms:

  • This offer applies to our first bet on the 13:50 at York.
  • Qualifying bets must be placed between 14:00 on Thursday 16th May 2019 and 13:50 (race-off) on Friday 17th May 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.

Having looked at the odds available, we could place our qualifying bet on Lady Kermit.

At the time of writing, laying our bet with Smarkets gives 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 £19.42…

Sky Bet logo

Place £20.00 on Lady Kermit @ 6.00 = Potential profit of £100.00

Smarkets logo

Lay £19.42 on Lady Kermit @ 6.20 = Potential liability of £100.98

Outcomes:

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

OutcomeBookieExchangeCashbackProfit/Loss
Lady Kermit wins+£100.00-£100.98£0.98 loss
Lady Kermit finishes 2nd or 3rd-£20.00+£19.03+£20.00£19.03 profit
Lady Kermit finishes outside top 3-£20.00+£19.03£0.97 loss

So, we’ll make a nice profit of £19.03 if Lady Kermit finishes 2nd or 3rd and we stand to lose a maximum of £0.98 on any other outcome. Risking £0.98 to make a profit of £19.03 gives us effective odds of 20.42, 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.

* Lady Kermit finished 3rd, resulting in a profit of £19.03 on this Sky Bet offer. *

Comments


  1. Aaron

    Guest user

    Matt, a bookmaker won’t pay because my passport is out of date. Is there a method for getting the money from that account into my smarkets account, a method where I don’t run the risk of putting even more money into the bogie bookie?

    +0
    Reply
    1. Matt

      208

      There’s no guaranteed way of losing funds into your exchange account Aaron. Even if you back and lay at high odds, there is still a chance your bookmaker bet will win, leaving you in an even worse position.

      Do you plan to renew your passport or can you provide another form of ID, such as a driving licence?

      +0
      Reply
      1. Aaron

        Guest user

        Renewing is £75, and there is only £40 in the account, hence a loss making option. If they weren’t purposefully abusing the verification process I would think about it, but it’s fairly transparent why they are doing it – I gave bank statements, old passport, electoral cards, birth certificate, back cards etc. They’re definitely at it.

        +0
        Reply
        1. Matt

          208

          I’m no expert on this Aaron, but I do know that on 7th May 2019, new rules came into force meaning bookmakers have had to step up their games in terms of account verification.

          They usually require a valid passport or driving licence and I guess with your passport having expired, it’s not technically ‘valid’.

          +0
  2. Jamie

    Guest user

    Yeah Aaron I had to do the same after 7 May so missed this offer annoyingly, wouldn’t let me bet so they’re not ‘at it’. I just sent passport and driving license and account was reverified 2 days later

    +0
    Reply

Post a comment


Your email address will not be published. Required fields are marked *