Sky Bet Offer – 1.45 Newbury

Why bother looking for horse racing tips today, when you can do a bit of matched betting and make low-risk profits?  Sky Bet are back with another First Race Special on the weekend horse racing.  If the favourite wins the 1.45 at Newbury race course, Sky Bet will refund all losing outright bets on that race as a free bet up to £25.00.  Translated into matched betting terms, this gives us a potential profit of £17.55 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 Sky Bet offer, we need to select a horse that isn’t likely to start the race as favourite.  This ensures that if the favourite wins, we will automatically be eligible for the free bet refund as our qualifying bet will have lost.  Having looked at the odds available, the only horse (at the time of writing) that gives us an acceptable qualifying loss is Arab Spring.

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

So we will make £17.55 profit if the favourite wins.  Unfortunately, we also stand to lose a maximum of £2.45 on any other outcome.  This is usually the point where I would advise you to place a further lay bet on the favourite to cover the potential loss but as there is an outside chance of Arab Spring starting the race as favourite this wouldn’t be a wise move.  If Arab Spring does happen to start the race as favourite, I’m happy to soak up the £2.45 loss and move on, but feel free to have a look at the odds closer to the race starting as it may become clearer who the favourite will be.

If you’re unsure how to extract 80% of our £25.00 free bet, check out my Free Bet Strategy page for a walkthrough guide on how it should be done.