Paddy Power Price Boost – War Decree & Eziyra

There’s a big day of horse racing at Goodwood and Galway today and Paddy Power are running a tasty little price boost on the action. They’ve enhanced War Decree and Eziyra both to win from 5/2 to a tasty 7/2! Translated into matched betting terms, this gives us a potential risk-free profit of £11.74 and here’s how…

Price Boost Bet:

The maximum stake for this offer is £20.00.

paddypower logo

Place £20.00 on War Decree & Eziyra @ 4.50 = Potential profit of £70.00

Race 1: 14:35 at Goodwood (Tuesday 26th July 2016)

On the first race, we need to cover our original stake of £20.00.  If we divide £20.00 by 0.98 (to account for the 2% Smarkets commission), this gives us a lay stake of £20.41.

smarkets white

Lay £20.41 on War Decree @ 2.18 = Potential liability of £24.08

If War Decree wins – £24.08 = – £24.08
If War Decree doesn’t win – £20.00 + £20.00 = £0.00

So if War Decree doesn’t win, the offer will be over and we’ll have broken even. However, if War Decree does win, we will have lost £24.08 so far.

Race 2: 18.15 at Galway (Tuesday 26th July 2016)

So, if War Decree wins, this means on the next race, we need to cover both the £24.08 loss from the first race plus the original stake of £20.00. If we divide £44.08 by 0.98 (to account for the 2% Smarkets commission), this gives us a lay stake of £44.98.

smarkets white

Lay £44.98 on Eziyra @ 1.76 = Potential liability of £34.18

If Eziyra wins – £24.08 – £34.18 + £70.00 = £11.74 profit
If Eziyra doesn’t win – £20.00 – £24.08 + £44.08 = £0.00

So if either horse loses along the way, we’ll have broken even and there’s no harm done. However, if War Decree and Eziyra both win, we’ll have made a nice risk-free profit of £11.74!

I’d like to point out that the above workings are based on the lay odds that were available at the time of writing. If the lay odds fluctuate before we are able to place our lay bets, this may result in us making more potential profit, less potential or even a slight loss, so please bear that in mind before deciding whether or not to do this offer.

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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.