Sky Bet Free Bet Offer – 1:55 Warwick

It’s time for another Sky Bet free bet offer! If the favourite wins the 1:55 at Warwick, 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 £18.84 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.

For this particular offer, we need to select a horse that isn’t likely to start the race as the favourite. Unfortunately for us, there are a few horses that may start the race as favourite and so all we can really do is select one of the longer options. Having looked at the odds on offer, I’ve opted to place my qualifying bet on Grand Vision.

skybet

Place £25.00 on Grand Vision @ 13.00 = Potential profit of £300.00

betfair

Lay £25.10 on Grand Vision @ 13.00 = Potential liability of £301.20

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

 

Grand Vision wins +£300.00 – £301.20 = £1.20 loss
The favourite wins -£25.00 + £23.84 + £20.00 (extract 80% from our £25.00 free bet) = £18.84 profit
Neither wins -£25.00 + £23.84 = £1.16 loss

 

So if the favourite wins the 1:55 at Warwick, we will make £18.84 profit. If the favourite doesn’t win, we will make a maximum loss of £1.20. Usually with these offers, I would now advise laying the favourite at Betfair to cover the £1.20 potential loss. Unfortunately, as we have no way of knowing who will start the race as favourite (due to the odds being so close), 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.

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.

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.