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Money Back Offer (15:05 Sandown) – Sky Bet

Hi Matt
I am a relative newbie but have moved to reloads, price boosts etc and your guides are really helpful, but, I cant help being inquisitive.
Your Money Back Offer (15:05 Sandown) – Sky Bet guide suggested backing and laying a horse for an overall profit for about £9. I wondered what would happen if you laid the EW element of the same horse at 1/5 the back odds and the result was an £11.54 payout – see below.
This isnt right, I’m sure- just cant get my head round it. I need your, or someone’s expert opinion please.

At odds of 3.25 your qualifying bet lay stake is 9.23. Your liability will be 20.77.

Your initial qualifying loss will be 0.77.

At odds of 0.65 your Comes 2nd lay stake is 12.31. Your liability will be -4.31.

If your Comes 2nd trigger occurs, you will lose -3.54 but gain a 10 free bet. This free bet is worth 8. Your overall position will be 11.54.

If your Comes 2nd trigger does not occur, your overall position will be 11.54. You will not receive a free bet.

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Budge
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April 25, 2021 at 8:06 pm

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Matt
Keymaster
1527 April 26, 2021 at 12:03 pm

Hi @budge.

It’s possible to lay your horse to place, though this will leave you exposed to a bigger loss if your horse wins. You would therefore need to place an additional back bet on your horse to win to balance things out.

There’s nothing wrong with playing about with the numbers and seeing if there are different ways of doing things but personally I prefer the straightforward back and lay as it’s more profitable in the long-term.

Don’t forget that Sky Bet refunds are paid as cash rather than a free bet.

I hope that helps.

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