The Boodles May Festival gets underway this afternoon 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 14:25 at Chester and if the winner is trained by Aidan O’Brien, 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 an overall potential profit of £6.90 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.
Qualifying bets must be placed between 10:00 on Wednesday 2nd May 2018 and the start of the race, to be eligible.
For our qualifying bets, we need to back and lay any horse that isn’t trained by Aidan O’Brien. At the time of writing, the lay odds aren’t quite tight enough, so I’ll use Kinaesthesia (3/1) 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.
Aim to lose no more than £0.60 on our qualifying bet
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Kinaesthesia wins | + £50.00 – £50.60 = £0.60 loss |
| Aidan O’Brien trained horse wins | – £10.00 + £9.40 + £7.50 (extract 75% from our £10.00 free bet) = £6.90 profit |
| Another horse wins | – £10.00 + £9.40 = £0.60 loss |
So, if the winner is trained by Aidan O’Brien, we’ll make a nice profit of £6.90. Any other outcome and we’ll lose £0.60. Risking £0.60 to make a profit of £6.90, gives us effective odds of 12.50. So, given that Aidan O’Brien trains Magic Wand (3/1), Dramatically (10/1) and Forever Together (11/1), 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 75% 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.
* Princess Yaiza was available at back odds of 12.00 and lay odds of 12.00. Magic Wand won the race, resulting in a profit of £7.31 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.