There’s a big day of racing at Cheltenham on Saturday, and you don’t want to miss this Sky Bet offer! Place a bet on the 14:55 Cheltenham, and if your horse finishes 2nd, 3rd or 4th, Sky Bet will refund your stake as cash, up to £10.00. Translated into matched betting terms, this gives you a potential profit of £8.85 and here’s how…
Key terms
- Applies to your first cash bet on a horse running in the 14:55 Cheltenham on Saturday 12th November 2022.
- Your qualifying bet must be placed between 11:30 on Thursday 10th November 2022 and 14:55 (race-off) on Saturday 12th November 2022.
- Win singles or win part of each way singles only.
- 8+ runners and Sky Bet will pay ‘Money back if 2nd, 3rd or 4th’.
- 6 or 7 runners and Sky Bet will pay ‘Money back if 2nd or 3rd’.
- 5 runners and Sky Bet will pay ‘Money back if 2nd’.
- 4 or fewer runners and Sky Bet reserve the right to withdraw the offer without prior notice.
- Maximum cash refund of £10.00
- Cash refunds will be credited within 72 hours of race completion.
Qualifying bet
Please see my ‘Qualifying Bets Guide‘ if you’d like more information about them and how they work.
It’s entirely up to you which horse you go for, but it would make sense to select a horse with relatively short odds in the hope of a 2nd, 3rd, or 4th place finish.
At the time of writing, ‘Shearer‘ is available at back odds of 4.50 (7/2) and lay odds of 5.00.
Smarkets works best for this offer
For this offer, Smarkets are the best option due to Sky Bet being part of the same group as Betfair.
Laying your bet at Betfair would probably be fine, but if you don’t want to risk it, Smarkets is your safest bet.
- 0% commission for 60 days
You can calculate your lay stake using my Matched Betting Calculator…
As you can see, the calculator tells you that your lay stake should be £9.04.
Place £10.00 on ‘Shearer’ @ 4.50 = Potential profit of £35.00
Lay £9.04 on ‘Shearer’ @ 5.00 = Potential liability of £36.16
Outcomes
Let’s look at your potential profit/loss for the possible outcomes…
| Outcome | Sky Bet | Smarkets | Cashback | Profit/Loss |
|---|---|---|---|---|
| Shearer wins | + £35.00 | – £36.16 | £1.16 loss | |
| Shearer finishes 2nd, 3rd or 4th | – £10.00 | + £8.85 | + £10.00 | £8.85 profit |
| Any other outcome | – £10.00 | + £8.85 | £1.15 loss |
So, you’ll make a profit of £8.85 if Shearer finishes 2nd, 3rd or 4th. Any other outcome, and you’ll lose a maximum of £1.16. Risking £1.16 to make a potential profit of £8.85 gives you effective odds of 8.63, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If eligible, your cash refund will be credited within 72 hours of completion of the race.
* Shearer unseated his rider, resulting in a £1.15 loss on this Sky Bet offer. *
More reload offers – Make £300+ per month
With detailed walkthroughs for all the best offers as they’re released, you’ll be bagging recurring profits in no time.
More reload offers
Got a question?
Leave me a comment below…
I usually respond within 24 hours.
Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.