The Epsom Derby Festival 2018 concludes on Saturday and you don’t want to miss this Money Back Special from Paddy Power! Simply place a bet of up to £10.00 on the 14:00 at Epsom and if either Poets Prince or Ship Of The Fen wins, Paddy Power 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 £7.10 and here’s how…
Qualifying Bets:
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.
This offer applies to single bets or the win part of each way bets. Qualifying bets must be placed between 09:00 on Monday 28th May 2018 and the start of the race, to be eligible.
For our qualifying bet, we need to back and lay any horse other than Poets Prince and Ship Of The Fen. At the time of writing, the lay odds aren’t quite tight enough, so I’ll use Court House (7/1) in the following example and I’ll update the bottom of the post with some actual odds after the race.
We can calculate our lay stakes using my matched betting calculator.
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
Court House wins | + £70.00 – £70.90 = £0.90 loss |
Poets Prince or Ship Of The Fen wins | – £10.00 + £9.10 + £8.00 (extract 80% from our £10.00 free bet) = £7.10 profit |
Another horse wins | – £10.00 + £9.10 = £0.90 loss |
So, if Poets Prince or Ship Of The Fen wins, we’ll make a nice profit of £7.10. Any other outcome and we’ll lose £0.90. Risking £0.90 to make a profit of £7.10, gives us effective odds of 8.89. So, given that Poets Prince and Ship Of The Fen are odds of just 4.50 (7/2) and 5.50 (9/2) respectively, this is a profitable offer in the long run.
If eligible, free bets will be credited within 2 hours of the race ending and will be valid on horse racing for 7 days.
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.
* Court House was available at back odds of 6.50 and lay odds of 7.20. Connect won the race, resulting in a loss of £1.14 on this Paddy Power 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.