It’s Day 3 of Royal Ascot 2019 on Thursday 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 Royal Ascot and if Stradivarius wins, Paddy Power will refund all losing stakes as a free bet. Translated into matched betting terms, this gives us a potential profit of £7.30 and here’s how…
Key Terms:
- We must place our bet between 10:00 on Tuesday 18th June 2019 and 16:20 (race-off) on Thursday 20th June 2019.
- Offer applies to single bets or the win part of each way bets.
- If less than 5 runners take part, this offer will not apply.
- If our horse loses and Stradivarius wins the race, Paddy Power will refund our stake as a free bet, up to £10.00.
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.
For our qualifying bet, we need to back and lay any horse other than Stradivarius. At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional lay odds for Cross Counter (4/1) in the following example and I’ll update the bottom of the post with an actual selection 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…
Outcome | Bookie | Exchange | Extracted | Profit/Loss |
---|---|---|---|---|
Cross Counter wins | +£40.00 | -£40.70 | £0.70 loss | |
Stradivarius wins | -£10.00 | +£9.30 | +£8.00 | £7.30 profit |
Another horse wins | -£10.00 | +£9.30 | £0.70 loss |
So, if Stradivarius wins, we’ll make a nice profit of £7.30. Any other outcome and we’ll lose £0.70. Risking £0.70 to make a profit of £7.30, gives us effective odds of 11.43. So, given that Stradivarius is odds of just 1.909 (10/11) 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 any market for 7 days.
If you’re unsure how to extract £8.00 cash (80%) from the £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
* Dee Ex Bee was available at back odds of 6.50 and lay odds of 7.00. Stradivarius won the race, resulting in a profit of £7.12 on this Paddy Power offer. *
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Steve56
Guest userOdds for Dee Ex Bee really close..got 7 at pp…7 at smarkets…be quick!!! Be lucky!!
Matt
1490Thanks for posting Steve!