It’s Royal Ascot this week and you won’t want to miss this Sky Bet offer! Simply place a bet on the 14:30 Queen Anne Stakes at Ascot race course on Tuesday and if it loses, Sky Bet will refund us as a free bet up to a maximum of £25.00. Translated into matched betting terms, this gives us a guaranteed minimum profit of £12.15 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 has a decent chance of losing so that we receive the free bet refund. It therefore makes sense to place our qualifying bet on a horse with long odds. Having looked at the odds on offer, I’ve opted to place my qualifying bet on Night of Thunder.
Place £25.00 on Night of Thunder @ 6.00 = Potential profit of £125.00
Lay £21.58 on Night of Thunder @ 7.00 = Potential liability of £129.50
Let’s have a look at our potential profit/loss for the possible outcomes…
| Night of Thunder wins | +£125.00 – £129.50 = £4.50 loss |
| Night of Thunder doesn’t win | -£25.00 + £20.50 + £20.00 (extract 80% from our £25.00 free bet) = £15.50 profit |
So as things stand we will make £15.50 profit if Night of Thunder doesn’t win and a loss of £4.50 if he does win. It’s not often that we are able to do this but by placing a further back bet on Night of Thunder, we can guarantee ourselves a profit on any outcome…
Place £3.33 on Night of Thunder @ 6.00 = Potential profit of £16.65
Let’s have a look at our overall profit/loss for the possible outcomes…
| Night of Thunder wins | -£4.50 + £16.65 = £12.15 profit |
| Night of Thunder doesn’t win | £15.50 – £3.33 = £12.17 profit |
So regardless of the result of the Queen Anne Stakes, we will make a guaranteed minimum profit of £12.15!
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.
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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.