There’s another big day of racing at Newmarket 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 14:15 at Newmarket and if Blue Point or U S Navy Flag 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 9th July 2018 and 14:15 (race-off) on Saturday 14th July 2018, to be eligible.
For our qualifying bet, we need to back and lay any horse other than Blue Point or U S Navy Flag. At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional odds for Eqtidaar (11/2) 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…
Eqtidaar wins | + £55.00 – £55.90 = £0.90 loss |
Blue Point or U S Navy Flag 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 Blue Point or U S Navy Flag 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 Blue Point and U S Navy Flag are odds of just 4.00 (3/1) and 6.00 (5/1) respectively to win the race, 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.
* Dreamfield was available at back odds of 9.00 and lay odds of 9.60. U S Navy Flag won the race, resulting in a profit of £7.20 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.