Money Back Special (15:50 Punchestown) – Paddy Power

There’s another big day of racing at Punchestown on Saturday and you don’t want to miss this Money Back Special from Paddy Power! If Apples Jade wins the 15:50 at Punchestown, 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 £6.75 and here’s how…

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.

Qualifying bets must be placed pre-race to be eligible.

For our qualifying bet, we need to back and lay any horse other than Apples Jade. At the time of writing, the lay odds are not quite tight enough, so I’ll use Benie Des Dieux (2/1) in the following example and I’ll update the bottom of the post with some actual odds 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…

Benie Des Dieux wins + £20.00 – £20.75 = £0.75 loss
Apples Jade wins – £10.00 + £9.25 + £7.50 (extract 75% from our £10.00 free bet) = £6.75 profit
Another horse wins – £10.00 + £9.25 = £0.75 loss

So, if Apples Jade wins, we’ll make a nice profit of £6.75. Any other outcome and we’ll lose £0.75. Risking £0.75 to make a profit of £6.75, gives us effective odds of 10.00. So, given that Apples Jade is odds of just 2.20 (6/5) 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 75% of our £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

* Benie Des Dieux was available at back odds of 3.25 and lay odds of 3.80. Benie Des Dieux won the race at an SP (starting price) of 4.00, resulting in a small profit of £5.92 courtesy of Paddy Power’s Best Price Guaranteed promotion. *

Got a question?
Leave me a comment below

I usually respond within 24 hours.

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.