£18.63
Potential Profit
£-1.11
Actual Profit

Sky Bet Offer – 1.45 Newmarket


Posted by Matt (administrator) Matt
Start Time: 03/10/2015 13:45

Why bother looking for horse racing tips today, when you can do a bit of matched betting and make low-risk profits?  Sky Bet are back with another First Race Special on Saturday’s horse racing. If the favourite wins the 1.45 at Newmarket race course, 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 £18.63 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 which horse you place your qualifying bet on as long as it’s not the favourite at the start of the race.  It therefore makes sense that we go for a horse with long odds. This ensures that if the favourite wins, we will automatically be eligible for a free bet refund as our qualifying bet will have lost. At the time of writing, the lay odds aren’t great so I’ll use fictional odds in the following example and I’ll update the bottom of this post with my actual selection after the race.

I like to place my exchange lay bets with Smarkets as they have great liquidity in the run up to races, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges. We can calculate our lay stakes using the matched betting calculator.

skybet

Place £25.00 on It’s The Ice @ 13.00 = Potential profit of £300.00

smarkets white

Lay £24.11 on It’s The Ice @ 13.50 = Potential liability of £301.37

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

It's The Ice wins+£300.00 – £301.37 = £1.37 loss
The favourite wins-£25.00 + £23.63 + £20.00 (extract 80% from our £25.00 free bet) = £18.63 profit
Neither wins-£25.00 + £23.63 = £1.37 loss

So we will make a nice profit of £18.63 if the favourite wins and we stand to lose £1.37 on any other outcome. A £1.37 risk to make £18.63 profit gives us effective odds of 14.60, so the fact that the current favourite is priced at around 3.25 to win, makes this a very profitable offer in the long run.

If you don’t want to risk losing the £1.37 in the event that the favourite doesn’t win, you can simply lay a couple of quid on the favourite at Smarkets.  This means you would make a little less profit if the favourite does win but at least you’ve covered the small potential loss if it doesn’t.

If you’re unsure how to extract 80% of our £25.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

* I actually placed my qualifying bet on Poet’s Prize at back odds of 7.00 and lay odds of 7.20. Poet’s Prize won the race, meaning I made an overall loss of £1.11 on this offer. *

Comments


    1. Matt

      294

      Got an email from them mate, thanks for the heads up. I’ll get it blogged tomorrow.

      +0
      Reply
      1. James

        Guest user

        Betbright have also got a bet 10 inplay get 10 offer on for today as well Matt

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        Reply
        1. Matt

          294

          Thanks James, it’s on my ‘to do’ list mate.

          +0
  1. Ryan

    Guest user

    Anyone with a WINCASH Live account help me out? Just signed up and the new customer offer if a try is scored in the game England v Australia its 4/1..however the terms say first 1000 depositing customers?

    +0
    Reply
  2. Kevin

    Guest user

    Register and place the bet, me and 2 mates have done it, same thing said we placed our bets and got paid out at the promo rate, think if you place the bet at those odds it means you r in the first 1000.

    +0
    Reply
  3. Ryan

    Guest user

    Ah right cheers kev, I assume its paid out as withdrawable cash?

    +0
    Reply
    1. Kev

      Guest user

      Yea all cash , had no problems with them so far been using them for a couple of weeks now all seems fine

      +0
      Reply
  4. Seb

    Guest user

    The horse you have picked up is a non runner now at 10am

    +0
    Reply
    1. Matt

      294

      Thanks for letting me know Seb. The principle of how to do the offer is still the same. I’ll update the bottom of the post with my actual selection after the race.

      +0
      Reply

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