Paddy Power – Money Back Offer (14:05 Ascot)

There’s a big day of racing at Ascot on Saturday and you don’t want to miss this Paddy Power money back offer! Place a bet of up to £10.00 on the 14:05 Ascot and if our horse finishes 2nd, 3rd or 4th, Paddy Power will refund our stake as a free bet. Translated into matched betting terms, this gives us a potential profit of £7.16 and here’s how…

Key terms

  • We must place our bet between 08:00 on Friday 1st October 2021 and 14:05 (race-off) on Saturday 2nd October 2021.
  • Offer applies to the win market and the win part of each way bets only.
  • If less than 6 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’d like more information about qualifying bets and how they work, please see my qualifying bets guide.

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.

At the time of writing, Hurricane Ivor is available at back odds of 4.00 (3/1) and lay odds of 4.30.

We can calculate our lay stakes using my Matched Betting Calculator

Select bet type

Back Bet (Bookie)


Lay Bet (Betting Exchange)

Min £
Max £
Lay stake required: £
If back (bookie) bet wins
= £
If lay (exchange) bet wins
= £
Total profit: £

As you can see, the calculator tells us that our lay stake should be £9.35…

Place £10.00 on Hurricane Ivor @ 4.00 = Potential profit of £30.00

Lay £9.35 on Hurricane Ivor @ 4.30 = Potential liability of £30.85


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

OutcomePaddy PowerExchangeFree BetProfit/Loss
Hurricane Ivor wins+ £30.00– £30.85£0.85 loss
Hurricane Ivor finishes
2nd, 3rd or 4th
– £10.00+ £9.16+ £8.00£7.16 profit
Any other outcome– £10.00+ £9.16£0.84 loss

So, we’ll make a nice profit of £7.16 if Hurricane Ivor finishes 2nd, 3rd or 4th or we’ll lose a maximum of £0.85 on any other outcome. Risking £0.85 to make a profit of £7.16 gives us effective odds of 9.42, 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 convert your £10.00 free bet into £8.00 cash (80%), please see my free bets guide for a walkthrough of how it should be done.

* Hurricane Ivor finished outside the top 4, resulting in a loss of £0.84 on this Paddy Power offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.