Royal Ascot 2018 Offer (Day 2) – Paddy Power

It’s Day 2 of Royal Ascot 2018 on Wednesday 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 16:20 at Ascot and if Cracksman 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 £6.80 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 16:20 (race-off) on Wednesday 20th June 2018, to be eligible.

For our qualifying bet, we need to back and lay any horse other than Cracksman. Having looked at the odds available, we could place our qualifying bet on Hawkbill (12/1).

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

Paddy Power logo

Aim to lose no more than £1.20 on our qualifying bet

Outcomes:

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

Hawkbill wins + £120.00 – £121.20 = £1.20 loss
Cracksman wins – £10.00 + £8.80 + £8.00 (extract 80% from our £10.00 free bet) = £6.80 profit
Another horse wins – £10.00 + £8.80 = £1.20 loss

So, if Cracksman wins, we’ll make a nice profit of £6.80. Any other outcome and we’ll lose £1.20. Risking £1.20 to make a profit of £6.80, gives us effective odds of 6.667. So, given that Cracksman is odds of just 1.615 (8/13), 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.

* Poet’s Word won the race, resulting in a loss of £1.20 on this Paddy Power 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.