There’s a big day of racing at Navan today and it’s time for another Sky Bet Special! If our horse finishes 2nd in the 12:50 at Navan, Sky Bet will refund our stake as a free bet, up to a maximum of £20.00. Translated into matched betting terms, this gives us a potential profit of £13.92 and here’s how…
Qualifying Bet:
* As per the terms, if fewer than five runners come under starters orders, Sky Bet may withdraw this offer. *
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
Qualifying bets must be placed between 14:00 on Saturday 16th December 2017 and 12:50 on Sunday 17th December 2017, to be eligible.
It’s entirely up to you which horse you go for, but it would make sense to select a horse with fairly short odds in the hope of a 2nd place finish.
Having looked at the odds available, we could place our qualifying bet on Cracking Smart.
I like to place my exchange lay bets with Betfair as they have great liquidity in the run up to races and the site is really easy to use.
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £19.92…
Place £20.00 on Cracking Smart @ 2.50 = Potential profit of £30.00
Lay £19.92 on Cracking Smart @ 2.56 = Potential liability of £31.07
Let’s have a look at our potential profit/loss for the possible outcomes…
| Cracking Smart wins | + £30.00 – £31.07 = £1.07 loss |
| Cracking Smart places 2nd | – £20.00 + £18.92 + £15.00 (extract 75% from our £20.00 free bet) = £13.92 profit |
| Cracking Smart finishes outside top 2 | – £20.00 + £18.92 = £1.08 loss |
So, we’ll make a nice profit of £13.92 if Cracking Smart places 2nd and we stand to lose a maximum of £1.08 on any other outcome. Risking £1.08 to make a profit of £13.92 gives us effective odds of 13.89, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If eligible, free bets will be credited within 24 hours of the race ending and will be valid for 3 days.
If you’re unsure how to extract 75% of a £20.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
* See my Horse Racing Offers page for a full list of money back offers available today! *
* Cracking Smart finished in 2nd place, resulting in a profit of £13.92 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 £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.