There’s a big day of racing at Meydan on Thursday and you don’t want to miss this Money Back Special from MoPlay! Simply place a bet on any race at Meydan today and if it loses, MoPlay will give us our money back as a free bet, up to £10.00. Translated into matched betting terms, this gives us a guaranteed profit of £5.79 and here’s how…
Key Terms:
- Qualifying bets must be placed on any Meydan race using a mobile device on Thursday 31st January 2019.
- Minimum stake of £10.00.
- If our bet loses, MoPlay will refund our stake as a free bet, up to a maximum of £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 it should be done.
Losing stakes are refunded as a free bet, so this is effectively a risk-free bet offer. We therefore need to select a horse with long odds. Having looked at the odds available for the 17:25 at Meydan, we could place our qualifying bet on Key Victory.
At the time of writing, laying our bet at Betfair gives us the biggest guaranteed profit.
We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £8.00 as our ‘Cashback’ figure as this is the amount we can expect to extract (80%) from our £10.00 free bet, should our bet lose…
As you can see, the calculator tells us that our lay stake should be £8.20…
Place £10.00 on Key Victory @ 6.50 = Potential profit of £55.00
Lay £8.20 on Key Victory @ 7.00 = Potential liability of £49.20
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Extracted | Profit/Loss |
|---|---|---|---|---|
| Key Victory wins | +£55.00 | -£49.20 | £5.80 profit | |
| Key Victory doesn’t win | -£10.00 | +£7.79 | +£8.00 | £5.79 profit |
So, regardless of the outcome, we’ll make a guaranteed profit of £5.79 on this MoPlay offer!
If our selection loses, our free bet should be credited within 1 hour of the race ending and will be valid on International Horse Racing (Meydan, Fairview, Greyville) for 24 hours. Free bet stakes will not be returned with any winnings.
If you’re unsure how to extract around 80% cash from the £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
* Key Victory failed to win the race, resulting in a profit of £5.79 on this MoPlay offer. *
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Matt Kirman – Matched 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.