It’s time for another Sky Bet offer! If the favourite wins the 1.45 at Kempton today, Sky Bet will refund all losing outright bets on that race as a free bet up to £10.00. Translated into matched betting terms, this gives us a potential profit of £7.97 and here’s how…
Qualifying Bet:
If you’re unsure about how to place qualifying bets, check our 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. There are 3 horses that look like potential favourites come the start of the race so I’ve opted to place my qualifying bet on the longest horse, Gentleman Jon.
Place £10.00 on Gentleman Jon @ 7.50 = Potential profit of £65.00
Lay £10.49 on Gentleman Jon @ 7.20 = Potential liability of £65.04
Let’s have a look at our potential profit/loss for the possible outcomes…
| Gentleman Jon wins | +£65.00 – £65.04 = £0.04 loss |
| The favourite wins | -£10.00 + £9.97 + £8.00 (extract 80% from our £10.00 free bet) = £7.97 profit |
| Neither wins | -£10.00 + £9.97 = £0.03 loss |
So if the favourite doesn’t win, we will make a maximum loss of £0.04. However, if the favourite wins the 1.45 at Kempton, we will make a nice profit of £7.97!
If you’re unsure how to extract 80% of our £10.00 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
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.