£6.75
Potential Profit
£0.00
Actual Profit

Money Back Special (14:00 Hoppegarten) – Paddy Power


Posted by Matt (administrator) Matt
Start Time: 10/05/2020 14:00

There’s a big day of racing at Hoppegarten on Sunday 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 Hoppegarten and if our horse finishes 2nd, 3rd or 4th, Paddy Power will refund our stake as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a potential profit of £6.75 and here’s how…

Key Terms:

  • We must place our bet between 14:00 on Saturday 9th May 2020 and 14:00 (race-off) on Sunday 10th May 2020.
  • Offer applies to the win market and the win part of each way bets only.
  • If less than 7 runners take part, this offer will revert to money back if 2nd.
  • If our horse finishes 2nd, 3rd or 4th, Paddy Power 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.

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, 3rd or 4th place finish.

At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional lay odds for Valanca (3/1) in the following example and I’ll update the bottom of the post with an actual selection after the race.

We can calculate our lay stakes using my matched betting calculator.

Paddy Power logo

Aim to lose no more than £1.25 on our qualifying bet

Outcomes:

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

OutcomeBookieExchangeExtractedProfit/Loss
Valanca wins+£30.00-£31.25£1.25 loss
Valanca finishes 2nd 3rd or 4th-£10.00+£8.75+£8.00£6.75 profit
Valanca finishes outside top 4-£10.00+£8.75£1.25 loss

So, we’ll make a nice profit of £6.75 if Valanca finishes 2nd, 3rd or 4th and we stand to lose £1.25 on any other outcome. Risking £1.25 to make a profit of £6.75 gives us effective odds of 6.40, which I’m sure you’ll agree, makes this 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 any horse racing market for 7 days.

If you’re unsure how to extract £8.00 cash (80%) from the £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

* It was difficult to find an acceptable qualifying loss, so it was best not to do this offer. *

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