Sky Bet Offer – 13:50 Newmarket (Friday)

October 13, 2017 / Horse Racing / 3 Comments

Event Start Time (GMT): 13/10/2017 : 13:50

Potential profit
£14.84
My profit £14.39

There’s a big day of racing at Newmarket today and it’s time for another Sky Bet Special! If our horse finishes 2nd or 3rd in the 13:50 at Newmarket, 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 £14.84 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 walk-through guide on how they should be done.

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 or 3rd place finish.

At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional odds for Sound And Silence in the following example and I’ll update the bottom of the 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 stake using my matched betting calculator…


Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Adjust your lay stake

Min £
Max £

Lay stake required: £

Bookie
Exchange
Total
If back (bookie) bet wins
= £
If lay (exchange) bet wins
= £
Bookie
Exchange
Cashback
Total
If back
bet wins
= £
If lay
bet wins
= £

Total profit:

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins:
If lay (exchange) bet wins:

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins:
If lay (exchange) bet wins:

As you can see, the calculator tells us that our lay stake should be £19.23…

Sky Bet Logo

Place £20.00 on Sound And Silence @ 3.25 = Potential profit of £45.00

smarkets white

Lay £19.23 on Sound And Silence @ 3.40 = Potential liability of £46.15

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

Sound And Silence wins + £45.00 – £46.15 = £1.15 loss
Sound And Silence places 2nd or 3rd - £20.00 + £18.84 + £16.00 (extract 80% from our £20.00 free bet) = £14.84 profit
Sound And Silence finishes outside top 3 - £20.00 + £18.84 = £1.16 loss

So, we’ll make a nice profit of £14.84 if Sound And Silence places 2nd or 3rd and we stand to lose a maximum of £1.16 on any other outcome. Risking £1.16 to make a profit of £14.84 gives us effective odds of 13.79, which I’m sure you’ll agree, makes this a profitable offer in the long run.

If you’re unsure how to extract 80% 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! *

* I actually placed my qualifying bet on Sound And Silence at back odds of 3.50 and lay odds of 3.75. Sound And Silence finished 2nd, meaning I made a profit of £14.39 on this Sky Bet offer. *

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3 Comments

  1. Jamie

    October 13, 2017
    / Reply

    Another £14/15 happy days

  2. Brett

    October 13, 2017
    / Reply

    I did Abel Handy which annoyingly won! Left me wishing I hadn't done the lay bet haha

    • Jamie

      October 14, 2017
      / Reply

      We all have those days Brett haha


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