There’s a big day of racing at Thurles 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 14:10 at Thurles 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 £7.15 and here’s how…
Key Terms:
- We must place our bet between 10:00 on Friday 17th January 2020 and 14:10 (race-off) on Sunday 19th January 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 Accidental Rebel (15/8) 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.
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
Outcome | Bookie | Exchange | Extracted | Profit/Loss |
---|---|---|---|---|
Accidental Rebel wins | +£18.75 | -£19.60 | £0.85 loss | |
Accidental Rebel finishes 2nd 3rd or 4th | -£10.00 | +£9.15 | +£8.00 | £7.15 profit |
Accidental Rebel finishes outside top 4 | -£10.00 | +£9.15 | £0.85 loss |
So, we’ll make a nice profit of £7.15 if Accidental Rebel finishes 2nd, 3rd or 4th and we stand to lose £0.85 on any other outcome. Risking £0.85 to make a profit of £7.15 gives us effective odds of 9.41, 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.
* Accidental Rebel was available at back odds of 3.25 and lay odds of 3.50. Accidental Rebel finished 4th, resulting in a profit of £7.15 on this Paddy Power offer. *
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Raj
Guest userHas this come in?
Matt
Guest userYes, went for Accidental Rebel. Still waiting for the free bet though.