Sun Bets Offer – 12:20 Sandown (Saturday)

There’s a big day of racing at Sandown today and you don’t want to miss this Sun Bets offer! Simply bet up to £5.00 on the first race at Sandown (12:20) and if it loses, Sun Bets will refund our stake as a free bet to use on another Sandown race. Translated into matched betting terms, this gives us a guaranteed profit of £3.00 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.

At the time of writing, the lay odds are poor, so I’ll use fictional odds in the following example and I’ll update the bottom of the post with my actual selection after 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 work out our lay stake by selecting the ‘Risk-Free Bet’ option on my matched betting calculator and entering £4.00 as our ‘Cashback’ figure…

Select bet type

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £4.08…

sun-bets-logo-2

Place £5.00 on Crystal Lad @ 6.50 = Potential profit of £27.50

smarkets white

Lay £4.08 on Crystal Lad @ 7.00 = Potential liability of £24.50

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

Crystal Lad wins + £27.50 – £24.50 = £3.00 profit
Crystal Lad doesn’t win – £5.00 + £4.00 + £4.00 (extract 80% from our £5.00 free bet) = £3.00 profit

So, regardless of the result of the race, we’ll make a guaranteed profit of £3.00 on this Sun Bets offer!

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

If our horse loses, our £5.00 free bet will be credited before the second race at Sandown (12:50). Our free bet will appear in the ‘My Free Bets’ section of our account.

* I actually placed my qualifying bet on Dashing Oscar at back odds of 7.00 and lay odds of 8.40, meaning I made a guaranteed profit of £2.63 on this Sun Bets offer. *

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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.