It’s Day 3 of Royal Ascot 2020 on Thursday and it’s time for another Sky Bet money back offer! If our horse finishes 2nd or 3rd in the 13:50 at Royal Ascot, Sky Bet will refund our stake as cash, up to a maximum of £10.00. Translated into matched betting terms, this gives us a potential profit of £9.42 and here’s how…
- This offer applies to our first bet on the 13:50 at Royal Ascot.
- Qualifying bets must be placed between 11:00 on Monday 15th June 2020 and 13:50 (race-off) on Thursday 18th June 2020.
- If fewer than five runners come under starters orders, Sky Bet may withdraw the offer.
- If our horse finishes 2nd or 3rd, Sky Bet will refund our stake as cash, up to £10.00.
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 or 3rd place finish.
Having looked at the odds available, we could place our qualifying bet on Sir Dragonet.
At the time of writing, laying our bet with Betfair gives us the smallest qualifying loss.
Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.
If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.
For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £9.62…
Place £10.00 on Sir Dragonet @ 4.50 = Potential profit of £35.00
Lay £9.62 on Sir Dragonet @ 4.70 = Potential liability of £35.59
Let’s have a look at our potential profit/loss for the possible outcomes…
|Sir Dragonet wins||+£35.00||-£35.59||£0.59 loss|
|Sir Dragonet finishes 2nd or 3rd||-£10.00||+£9.42||+£10.00||£9.42 profit|
|Sir Dragonet finishes outside top 3||-£10.00||+£9.42||£0.58 loss|
So, we’ll make a nice profit of £9.42 if Sir Dragonet finishes 2nd or 3rd and we stand to lose a maximum of £0.59 on any other outcome. Risking £0.59 to make a profit of £9.42 gives us effective odds of 16.97, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If eligible, cash refunds will be credited within 24 hours of the race finishing.
* Sir Dragonet finished 2nd, resulting in a profit of £9.42 on this Sky Bet offer. *
Get this Sky Bet money back offer