Royal Ascot 2018 Offer (Day 1) – Paddy Power

It’s Day 1 of Royal Ascot 2018 on Tuesday and you don’t want to miss this Money Back Special from Paddy Power! Simply place a bet of up to £10.00 on the 15:40 at Ascot and if Battash or Lady Aurelia wins, 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 £6.50 and here’s how…

Qualifying Bets:

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.

This offer applies to single bets or the win part of each way bets. Qualifying bets must be placed between 09:00 on Thursday 14th June 2018 and 15:40 (race-off) on Tuesday 19th June 2018, to be eligible.

For our qualifying bet, we need to back and lay any horse other than Battash and Lady Aurelia. At the time of writing, the lay odds aren’t quite tight enough, so I’ll use Blue Point (9/1) in the following example and I’ll update the bottom of the post with some actual odds after the race.

We can calculate our lay stakes using my matched betting calculator.

Outcomes:

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

So, if Battash or Lady Aurelia wins, we’ll make a nice profit of £6.50. Any other outcome and we’ll lose £1.50. Risking £1.50 to make a profit of £6.50, gives us effective odds of 5.333. So, given that Battash and Lady Aurelia are odds of just 2.625 (13/8) and 3.75 (11/4) respectively to win the race, this is 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 horse racing for 7 days.

If you’re unsure how to extract 80% cash from a £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

* Blue Point was available at back odds of 9.00 and lay odds of 10.50. Blue Point won the race, resulting in a loss of £1.60 on this Paddy Power offer. *