Royal Ascot 2020 Offer (Day 1) – Paddy Power

£7.20
Potential Profit
£-0.80
Actual Profit

It’s Day 1 of Royal Ascot 2020 on Tuesday and you don’t want to miss this Paddy Power money back offer! Simply place a bet of up to £10.00 on the 16:10 at Royal Ascot and if our horse finishes 2nd, 3rd or 4th, Paddy Power will refund our stake as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a potential profit of £7.20 and here’s how…

Key Terms:

  • We must place our bet between 10:00 on Monday 15th June 2020 and 16:10 (race-off) on Tuesday 16th June 2020.
  • Offer applies to the win market and the win part of each way bets only.
  • If less than 7 runners take part, this offer will revert to money back if 2nd.
  • If our horse finishes 2nd, 3rd or 4th, 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.

It’s entirely up to you which horse you go for, but it would make sense to select a horse with fairly short odds in the hope of a 2nd, 3rd or 4th place finish.

Having looked at the odds available, we could place our qualifying bet on Jubiloso (7/2).

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

Paddy Power logo

Aim to lose no more than £0.80 on our qualifying bet

Outcomes:

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

Outcome Bookie Exchange Extracted Profit/Loss
Jubiloso wins +£35.00 -£35.80 £0.80 loss
Jubiloso finishes 2nd 3rd or 4th -£10.00 +£9.20 +£8.00 £7.20 profit
Jubiloso finishes outside top 4 -£10.00 +£9.20 £0.80 loss

So, we’ll make a nice profit of £7.20 if Jubiloso finishes 2nd, 3rd or 4th and we stand to lose £0.80 on any other outcome. Risking £0.80 to make a profit of £7.20 gives us effective odds of 10.00, which I’m sure you’ll agree, makes this 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 horse racing 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.

* Jubiloso finished outside the top 4, resulting in a loss of £0.80 on this Paddy Power offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £50,000 worth of profit, and made it my mission to make matched betting accessible to everyone.