There’s a big day of racing at Kempton 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 Kempton, and if your horse finishes 2nd, 3rd or 4th, Paddy Power will refund your stake as a free bet. Translated into matched betting terms, this gives us a potential profit of £6.37 and here’s how…
Key terms
- We must place our bet between 10:00 on Thursday 24th March 2022 and 14:05 (race-off) on Saturday 26th March 2022.
- Offer applies to the win market and the win part of each way bets only.
- If less than 6 runners participate, this offer will revert to money back if 2nd or 3rd.
- If our horse finishes 2nd, 3rd or 4th, Paddy Power will refund our stake as a free bet, up to £10.00.
Qualifying bet
Please see my qualifying bets guide if you’d like more information about them and how they work.
It’s entirely up to you which horse you go for, but it would make sense to select a horse with relatively short odds in the hope of a 2nd, 3rd, or 4th place finish.
At the time of writing, Felix is available at back odds of 4.00 (3/1) and lay odds of 4.70.
We can calculate our lay stakes using my Matched Betting Calculator…
As you can see, the calculator tells us that our lay stake should be £8.55…
Place £10.00 on Felix @ 4.00 = Potential profit of £30.00
Lay £8.55 on Felix @ 4.70 = Potential liability of £31.63
Outcomes
Let’s look at our potential profit/loss for the possible outcomes…
| Outcome | Paddy Power | Exchange | Free Bet | Profit/Loss |
|---|---|---|---|---|
| Felix wins | + £30.00 | – £31.63 | £1.63 loss | |
| Felix finishes 2nd, 3rd or 4th | – £10.00 | + £8.37 | + £8.00 | £6.37 profit |
| Any other outcome | – £10.00 | + £8.37 | £1.63 loss |
So, we’ll make a nice profit of £6.37 if Felix finishes 2nd, 3rd or 4th, or we’ll lose £1.63 on any other outcome. Risking £1.63 to make a profit of £6.37 gives us effective odds of 4.91, 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 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.
* Felix finished outside the top 4, resulting in a £1.63 loss 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.