There’s a big day of racing at Aintree on Saturday and you don’t want to miss this Paddy Power offer! If the Becher Chase (13:30) is won by 4 lengths or more, 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 £6.85 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.
It’s entirely up to you which horse you go for. At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional odds for Vieux Lion Rouge in the following example and I’ll update the bottom of the post with an actual selection after the race.
We’ll need to place our lay bet with Smarkets as Betfair have recently merged with Paddy Power.
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £9.55…
Place £10.00 on Vieux Lion Rouge @ 8.00 = Potential profit of £70.00
Lay £9.55 on Vieux Lion Rouge @ 8.40 = Potential liability of £70.67
Let’s have a look at our potential profit/loss for the possible outcomes…
| Vieux Lion Rouge wins | + £70.00 – £70.67 = £0.67 loss |
| Vieux Lion Rouge doesn’t win and race is won by 4+ lengths | – £10.00 + £9.35 + £7.50 (extract 75% from our £10.00 free bet) = £6.85 profit |
| Vieux Lion Rouge doesn’t win and race isn’t won by 4+ lengths | – £10.00 + £9.35 = £0.65 loss |
So, we’ll make a nice profit of £6.85 if Vieux Lion Rouge doesn’t win and the race is won by 4+ lengths, and we stand to lose a maximum of £0.67 on any other outcome. Risking £0.67 to make a profit of £6.85 gives us effective odds of 11.22, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If eligible, free bets will be credited after the race has ended and will be valid for 7 days.
If you’re unsure how to extract 75% of a £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
* See my Horse Racing Offers page for a full list of money back offers available today! *
* Vieux Lion Rouge was available at back odds of 8.00 and lay odds of 8.80. Blaklion won the race by 9 lengths, resulting in a profit of £6.18 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.