There’s a big day of racing at Brighton 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 15:40 at Brighton and if our horse finishes 2nd, 3rd or 4th, Paddy Power will refund our stake as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a potential profit of £6.95 and here’s how…
Key Terms:
- We must place our bet between 10:00 on Tuesday 6th August 2019 and 15:40 (race-off) on Thursday 8th August 2019.
- Offer applies to single bets or the win part of each way bets.
- If less than 7 runners take part, this offer will revert to money back if 2nd.
- If our horse finishes 2nd, 3rd or 4th, 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.
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, 3rd or 4th place finish.
Having looked at the odds available, we could place our qualifying bet on Mister Chiang (4/1).
We can calculate our lay stakes using my matched betting calculator.
Aim to lose no more than £1.05 on our qualifying bet
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Extracted | Profit/Loss |
|---|---|---|---|---|
| Mister Chiang wins | +£40.00 | -£41.05 | £1.05 loss | |
| Mister Chiang finishes 2nd 3rd or 4th | -£10.00 | +£8.95 | +£8.00 | £6.95 profit |
| Mister Chiang finishes outside top 4 | -£10.00 | +£8.95 | £1.05 loss |
So, we’ll make a nice profit of £6.95 if Mister Chiang finishes 2nd, 3rd or 4th and we stand to lose £1.05 on any other outcome. Risking £1.05 to make a profit of £6.95 gives us effective odds of 7.62, which I’m sure you’ll agree, makes this 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 horse racing 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.
* Mister Chiang finished outside the top 4, resulting in a loss of £1.05 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.