There’s another big day of racing at Cheltenham on Saturday and it’s time for another Sky Bet Special! If our horse finishes 2nd or 3rd in the 13:55 at Cheltenham, 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:
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 Friday 15th December 2017 and 13:55 on Saturday 16th 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 or 3rd place finish.
Having looked at the odds available, we could place our qualifying bet on Clan Des Obeaux.
I like to place my exchange lay bets with Betfair as they have great liquidity 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 Clan Des Obeaux @ 4.333 = Potential profit of £66.66
Lay £19.92 on Clan Des Obeaux @ 4.40 = Potential liability of £67.72
Let’s have a look at our potential profit/loss for the possible outcomes…
| Clan Des Obeaux wins | + £66.66 – £67.72 = £1.06 loss |
| Clan Des Obeaux places 2nd or 3rd | – £20.00 + £18.92 + £15.00 (extract 75% from our £20.00 free bet) = £13.92 profit |
| Clan Des Obeaux finishes outside top 3 | – £20.00 + £18.92 = £1.08 loss |
So, we’ll make a nice profit of £13.92 if Clan Des Obeaux places 2nd or 3rd 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 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! *
* Clan Des Obeaux finished in 2nd place, resulting in a profit of £13.92 on this Sky Bet offer. *
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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.