£7.40
Potential Profit
£-0.60
Actual Profit

Yorkshire Ebor Festival 2020 Offer (Day 1) – Paddy Power


Posted by Matt (administrator) Matt
Start Time: 19/08/2020 14:15

The Yorkshire Ebor Festival 2020 gets underway on Wednesday and you don’t want to miss this Paddy Power money back offer! Simply place a bet of up to £10.00 on the 14:15 at York and if our horse finishes 2nd, 3rd or 4th, Paddy Power will refund our stake as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a potential profit of £7.40 and here’s how…

Key Terms:

  • We must place our bet between 11:00 on Tuesday 18th August 2020 and 14:15 (race-off) on Wednesday 19th August 2020.
  • Offer applies to the win market and the win part of each way bets only.
  • If less than 7 runners take part, this offer will revert to money back if 2nd.
  • If our horse finishes 2nd, 3rd or 4th, Paddy Power will refund our stake as a free bet, up to £10.00.

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 go for, but it would make sense to select a horse with fairly short odds in the hope of a 2nd, 3rd or 4th place finish.

Having looked at the odds available, we could place our qualifying bet on Cloudbridge (7/4).

We can calculate our lay stakes using my matched betting calculator.

Paddy Power logo

Aim to lose no more than £0.60 on our qualifying bet

Outcomes:

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

Outcome Bookie Exchange Extracted Profit/Loss
Cloudbridge wins +£17.50 -£18.10 £0.60 loss
Cloudbridge finishes 2nd 3rd or 4th -£10.00 +£9.40 +£8.00 £7.40 profit
Cloudbridge finishes outside top 4 -£10.00 +£9.40 £0.60 loss

So, we’ll make a nice profit of £7.40 if Cloudbridge finishes 2nd, 3rd or 4th and we stand to lose £0.60 on any other outcome. Risking £0.60 to make a profit of £7.40 gives us effective odds of 13.33, which I’m sure you’ll agree, makes this a profitable offer in the long run.

If eligible, free bets will be credited within 2 hours of the race ending and will be valid on any horse racing market for 7 days.

If you’re unsure how to extract £8.00 cash (80%) from the £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

* Cloudbridge finished outside the top 4, resulting in a loss of £0.60 on this Paddy Power offer. *

Post a comment


Your email address will not be published. Required fields are marked *