Sky Bet Offer – 2:05 Ascot

It’s time for another Sky Bet offer!  If the favourite wins the 2:05 at Ascot, 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 £7.25 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.

For this particular offer, we need to select a horse that isn’t likely to start the race as the favourite.  This will ensure that if the favourite wins, our qualifying bet will have lost, which means we will be eligible for the free bet refund.  Having looked at the odds on offer, I’ve opted to place my qualifying bet on Deputy Dan.

skybet

Place £10.00 on Deputy Dan @ 3.75 = Potential profit of £27.50

betfair

Lay £9.74 on Deputy Dan @ 3.90 = Potential liability of £28.25

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

Deputy Dan wins +£27.50 – £28.25 = £0.75 loss
The favourite wins -£10.00 + £9.25 + £8.00 (extract 80% from our £10.00 free bet) = £7.25 profit
Neither wins -£10.00 + £9.25 = £0.75 loss

So if the favourite (currently Virak at odds of 2.00) wins the 2:05 at Ascot, we will make £7.25 profit.  If the favourite doesn’t win, we will make a small loss of £0.75, but I’m happy to let this one run as the potential profit far outweighs the potential loss, making this a profitable offer in the long run.

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.

Got a question?
Leave me a comment below

I usually respond within 24 hours.

Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.