Royal Ascot 2021 Offer (Day 1) – Paddy Power

£3.36
Guaranteed Profit
£3.36
Actual Profit

Royal Ascot 2021 gets underway on Tuesday and you don’t want to miss this Paddy Power free bet offer! They’re giving all customers a completely free £5.00 bet to use on the 14:30 Royal Ascot! Translated into matched betting terms, this gives us a guaranteed profit of £3.36 and here’s how…

Key terms

  • Offer available to new and existing Paddy Power customers.
  • Opt in via the promo banner on the Paddy Power homepage to claim the free bet.
  • Offer applies from 12:00 on Sunday 13th June 2021.

Free bet

If you’d like more information about free bets and how convert them into cash, please see my free bets guide.

It’s entirely up to you which horse you place your free bet on.

At the time of writing, Lope Y Fernandez is available at back odds of 13.00 (12/1) and lay odds of 17.50.

We can calculate our lay stakes using my Matched Betting Calculator.

Select bet type

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £3.43…

Place £5.00 free bet on Lope Y Fernandez @ 13.00 = Potential profit of £60.00

Lay £3.43 on Lope Y Fernandez @ 17.50 = Potential liability of £56.59

Outcomes

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

OutcomePaddy PowerExchangeProfit/Loss
Lope Y Fernandez wins+ £60.00– £56.59£3.41 profit
Another horse wins– £5.00 free bet+ £3.36£3.36 profit

So, no matter the outcome, we’ll make a guaranteed profit of £3.36 on this Paddy Power offer!

* Palace Pier won the race, resulting in a profit of £3.36 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.