There’s a big day of racing at Sandown on Friday 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 15:00 at Sandown and if Bangkok 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 £7.30 and here’s how…
Key Terms:
- We must place our bet between 10:00 on Wednesday 24th April 2019 and 15:00 (race-off) on Friday 26th April 2019.
- Offer applies to single bets or the win part of each way bets.
- If less than 5 runners take part, this offer will not apply.
- If our horse loses and Bangkok wins the race, 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.
For our qualifying bet, we need to back and lay any horse other than Bangkok. At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional lay odds for Persian Moon (4/1) 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 |
---|---|---|---|---|
Persian Moon wins | +£40.00 | -£40.70 | £0.70 loss | |
Bangkok wins | -£10.00 | +£9.30 | +£8.00 | £7.30 profit |
Another horse wins | -£10.00 | +£9.30 | £0.70 loss |
So, if Bangkok wins, we’ll make a nice profit of £7.30. Any other outcome and we’ll lose £0.70. Risking £0.70 to make a profit of £7.30, gives us effective odds of 11.43. So, given that Bangkok 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 any 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.
* Technician was available at back odds of 6.50 and lay odds of 7.20. Bangkok won the race, resulting in a profit of £6.86 on this Paddy Power offer. *
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Steve55
Guest userHey Matt….was i the only one to notice the original posted offer??….just made me smile 😃
Matt
1490Thanks for the heads up Steve. It was an issue with the URL directing to an old post instead of the new one!
Steve55
Guest userno worries Matt….just goes to prove you are not a bot!!!!…keep up the great advice….many thanks