There’s a big day of racing at Cheltenham on Saturday and it’s time for another Sky Bet Money Back Special! If our horse finishes 2nd or 3rd in the 14:35 at Cheltenham, Sky Bet will refund our stake as cash, up to a maximum of £10.00. Translated into matched betting terms, this gives us a potential profit of £9.10 and here’s how…
Key Terms:
- This offer applies to our first bet on the 14:35 at Cheltenham.
- Qualifying bets must be placed between 14:00 on Friday 25th October 2019 and 14:35 (race-off) on Saturday 26th October 2019.
- If fewer than six runners come under starters orders, Sky Bet may withdraw the offer.
- If our horse finishes 2nd or 3rd, Sky Bet will refund our stake as cash, 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 or 3rd place finish.
Having looked at the odds available, we could place our qualifying bet on Torpillo.
At the time of writing, laying our bet with Smarkets is likely to give us the smallest qualifying loss.
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £9.29…
Place £10.00 on Torpillo @ 2.75 = Potential profit of £17.50
Lay £9.29 on Torpillo @ 2.98 = Potential liability of £18.39
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Cashback | Profit/Loss |
|---|---|---|---|---|
| Torpillo wins | +£17.50 | -£18.39 | £0.89 loss | |
| Torpillo finishes 2nd or 3rd | -£10.00 | +£9.10 | +£10.00 | £9.10 profit |
| Torpillo finishes outside top 3 | -£10.00 | +£9.10 | £0.90 loss |
So, we’ll make a nice profit of £9.10 if Torpillo finishes 2nd or 3rd and we stand to lose a maximum of £0.90 on any other outcome. Risking £0.90 to make a profit of £9.10 gives us effective odds of 11.11, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If eligible, cash refunds will be credited within 24 hours of the race finishing.
* Torpillo finished 3rd, resulting in a profit of £9.10 on this Sky Bet 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.