There’s a big day of racing at Ascot today and you don’t want to miss this Sun Bets offer! Simply bet up to £10.00 on the first race at Ascot (12.25) and if it loses, Sun Bets will refund our stake as a free bet to use on another Ascot race. Translated into matched betting terms, this gives us a guaranteed profit of £5.30 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 it should be done.
As we get a free bet refund if our qualifying bet loses, this is effectively a risk-free offer and so we need to select a horse with long odds. Having looked at the odds available, I’ve opted to place my qualifying bet on Elegant Escape.
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 work out our lay stake by selecting the ‘Risk-Free Bet’ option on my matched betting calculator and entering £8.00 as our ‘Cashback’ figure…
As you can see, the calculator tells us that our lay stake should be £7.45…
Place £10.00 on Elegant Escape @ 6.00 = Potential profit of £50.00
Lay £7.45 on Elegant Escape @ 7.00 = Potential liability of £44.70
Let’s have a look at our potential profit/loss for the possible outcomes…
| Elegant Escape wins | + £50.00 – £44.70 = £5.30 profit |
| Elegant Escape doesn’t win | – £10.00 + £7.30 + £8.00 (extract 80% from our £10.00 free bet) = £5.30 profit |
So, regardless of the result of the race, we’ll make a guaranteed profit of £5.30 on this Sun Bets offer!
If you’re unsure how to extract 80% of our £10.00 free bet, check out my Free Bet Strategy page for a walk-through 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.