Racing Money Back Offer – Unibet

There’s a big day of horse racing on Monday and you don’t want to miss this Money Back Special from Unibet! Simply place a bet on any horse race today and if our bet loses, Unibet will give us 50% of our stake back as a bonus, up to £25.00. Translated into matched betting terms, this gives us a guaranteed profit of £17.51 and here’s how…

Key Terms:

  • This offer can be found behind door number 3 on Unibet’s Advent Calendar 2018 page.
  • This offer runs between 00:00 (CET) and 23:59 (CET) on Monday 3rd December 2018.
  • We must accept the bonus in the “my bonus offers” section of our account, prior to placing our qualifying bet.
  • Qualifying bets must be placed at odds of 1.40 (2/5).
  • If our bet loses, Unibet will refund 50% of our stake as a bonus, up to a maximum of £25.00.

Qualifying Bet:

Losing stakes are partially refunded as a bonus, so this is effectively a risk-free bet offer. We therefore need to select a horse with long odds.

A quick look at the OddsMonkey Oddsmatcher, tells us we could place our qualifying bet on Cool Valley in the 14:45 at Musselburgh.

To be eligible for the maximum 50% refund of £25.00, we’ll need to stake £50.00.

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 £22.50 as our ‘Cashback’ figure as this is the amount we can expect to extract (90%) from our £25.00 bonus, should our bet lose…

Select bet type

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

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

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £47.38…

Unibet logo

Place £50.00 on Cool Valley @ 9.50 = Potential profit of £425.00

Betfair logo

Lay £47.38 on Cool Valley @ 9.60 = Potential liability of £407.46

Outcomes:

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

Cool Valley wins + £425.00 – £407.46 = £17.54 profit
Cool Valley doesn’t win – £50.00 + £45.01 + £22.50 (extract 90% from our £25.00 bonus) = £17.51 profit

So, regardless of the outcome, we’ll make a guaranteed profit of £17.51 on this Unibet offer!

If our selection loses, our bonus must be rolled over once on racing or three times on sports, within 30 days.

If you’re unsure how to extract around 90% cash from a £25.00 bonus, check out my Bonus Rollover Strategy page for a walk-through guide on how it should be done.

* Cool Valley didn’t win the race, resulting in a profit of £17.51 on this Unibet 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.