There’s a big day of racing at Chepstow on Friday 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 14:10 at Chepstow 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 £7.55 and here’s how…
Key Terms:
- We must place our bet between 10:00 on Thursday 26th December 2019 and 14:10 (race-off) on Friday 27th December 2019.
- 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.
Having looked at the odds available, we could place our qualifying bet on Clyne (6/1).
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…
Outcome | Bookie | Exchange | Extracted | Profit/Loss |
---|---|---|---|---|
Clyne wins | +£60.00 | -£60.45 | £0.45 loss | |
Clyne finishes 2nd 3rd or 4th | -£10.00 | +£9.55 | +£8.00 | £7.55 profit |
Clyne finishes outside top 4 | -£10.00 | +£9.55 | £0.45 loss |
So, we’ll make a nice profit of £7.55 if Clyne finishes 2nd, 3rd or 4th and we stand to lose £0.45 on any other outcome. Risking £0.45 to make a profit of £7.55 gives us effective odds of 17.78, 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.
* Clyne finished 2nd, resulting in a profit of £7.55 on this Paddy Power offer. *
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Kenny rogers 777
Guest userIs it all bookies who can cancel your bets and return your stake or just certain one/s.
Found a mistake earlier backed and layed it, good profit. They cancelled bet returned the stake and looks like they’ve pulled the race.
Luckily I caught it b4 it was too late and kept my loss to a single figure. Could’ve been hundreds
Matt
1490Bookmakers can cancel your bets if a ‘palpable error’ has been made.
I don’t know what your bet was but if an obvious mistake has been made on their part, they’re within their rights to cancel any bets placed.