There’s a big day of racing at Newmarket on Thursday 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 Newmarket and if Advertise 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 £7.15 and here’s how…
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 10:00 on Tuesday 10th July 2018 and 14:25 (race-off) on Thursday 12th July 2018, to be eligible.
For our qualifying bet, we need to back and lay any horse other than Advertise. Having looked at the odds available, we could place our qualifying bet on Legends Of War (9/4).
We can calculate our lay stakes using my matched betting calculator.
Let’s have a look at our potential profit/loss for the possible outcomes…
|Legends Of War wins||+ £22.50 – £23.35 = £0.85 loss|
|Advertise wins||- £10.00 + £9.15 + £8.00 (extract 80% from our £10.00 free bet) = £7.15 profit|
|Another horse wins||- £10.00 + £9.15 = £0.85 loss|
So, if Advertise wins, we’ll make a nice profit of £7.15. Any other outcome and we’ll lose £0.85. Risking £0.85 to make a profit of £7.15, gives us effective odds of 9.41. So, given that Advertise is odds of just 2.375 (11/8) 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.
* Advertise won the race, resulting in a profit of £7.15 on this Paddy Power offer. *
Click here to take advantage of this Paddy Power offer