It’s time for another Sky Bet free bet offer! If our horse finishes 2nd or 3rd in the 1:50 at Ascot, Sky Bet will refund all losing outright bets on that race as a free bet up to £25.00. Translated into matched betting terms, this gives us a potential profit of £18.25 and here’s how…
Qualifying Bet:
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walkthrough guide on how it should be done.
It’s entirely up to you which horse you go for, but I’m inclined to select a horse with fairly short odds in the hope of a 2nd or 3rd place finish. Having looked at the odds on offer, I’ve opted to place my qualifying bet on Mischievous Milly.
Place £25.00 on Mischievous Milly @ 7.00 = Potential profit of £150.00
Lay £24.48 on Mischievous Milly @ 7.20 = Potential liability of £151.78
Let’s have a look at our potential profit/loss for the possible outcomes…
| Mischievous Milly wins | +£150.00 – £151.78 = £1.78 loss |
| Mischievous Milly places 2nd or 3rd | -£25.00 + £23.25 + £20.00 (extract 80% from our £25.00 free bet) = £18.25 profit |
| Mischievous Milly places outside top 3 | -£25.00 + £23.25 = £1.75 loss |
If you’re unsure how to extract 80% of our £25.00 free bet, check out my Free Bet Strategy page for a walkthrough guide on how it should be done.
So if Mischievous Milly finishes 2nd or 3rd in the 1:50 at Ascot, we will make £18.25 profit. Unfortunately, we also stand to lose a maximum of £1.78 on any other result. Ordinarily, I would advise laying Mischievous Milly placing in the top 3 at Betfair but I’m happy to let this one run as the potential profit far outweighs the potential loss, making this a profitable offer in the long run.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.