Sky Bet Offer – 3.40 Wincanton

We’re heading to Wincanton today for a Second Chance offer from Sky Bet. Place a £10.00 bet on the 3.40 at Wincanton and Sky Bet will give us an instant £5.00 free bet to use on another horse in the same race. Translated into matched betting terms, this gives us a potential profit of £21.50 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 place your qualifying bet on. At the time of writing, the lay odds are pretty poor, but these should tighten up closer to 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 the matched betting calculator.

Free Bet:

Depending on the odds available, we can either match our £5.00 free bet or punt it on a horse of our choice. I’ve decided to punt this one, as it’s more profitable long-term. I’ll be going for Gores Island which has odds of 5.50 at the time of writing. If Gores Island wins, and taking into account my £1.00 qualifying loss, I’ll have made an overall profit of £21.50 on this offer!

Risking £1.00 to make £21.50 means we would only need to win 1 in 22 times to break even! It really is too good an offer to miss.

If you’d prefer to extract 80% of your £5.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.