Money Back Special (15:35 Goodwood) – Paddy Power

The Goodwood Festival 2018 gets underway on Tuesday 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 15:35 at Goodwood and if Stradivarius 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 £7.25 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 10:00 on Sunday 29th July 2018 and 15:35 (race-off) on Tuesday 31st July 2018, to be eligible.

For our qualifying bet, we need to back and lay any horse other than Stradivarius. At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional odds for Torcedor (10/3) 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.

Paddy Power logo

Aim to lose no more than £0.75 on our qualifying bet

Outcomes:

Let’s have a look at our potential profit/loss for the possible outcomes…

Torcedor wins + £33.33 – £34.08 = £0.75 loss
Stradivarius wins – £10.00 + £9.25 + £8.00 (extract 80% from our £10.00 free bet) = £7.25 profit
Another horse wins – £10.00 + £9.25 = £0.75 loss

So, if Stradivarius wins, we’ll make a nice profit of £7.25. Any other outcome and we’ll lose £0.75. Risking £0.75 to make a profit of £7.25, gives us effective odds of 10.67. So, given that Stradivarius is odds of just 1.615 (8/13) 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.

* Idaho was available at back odds of 11.00 and lay odds of 12.00. Stradivarius won the race, resulting in a profit of £6.99 on this Paddy Power offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.