There’s a big day of racing at Cheltenham on Tuesday and it’s time for another Sky Bet First Race Special! If our horse finishes 2nd in the 13:25 at Cheltenham, Sky Bet will refund our stake as a free bet, up to a maximum of £20.00. Translated into matched betting terms, this gives us a potential profit of £14.46 and here’s how…
Key Terms:
- This offer applies to our first bet on the 13:25 at Cheltenham.
- Qualifying bets must be placed between 14:00 on Monday 31st December 2018 and 13:25 (race-off) on Tuesday 1st January 2019.
- If fewer than four runners come under starters orders, Sky Bet may withdraw the offer.
- If our horse finishes 2nd, Sky Bet will refund our stake as a free bet, up to £20.00.
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 place finish.
At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional lay odds for Defi Du Seuil in the following example and I’ll update the bottom of the post with an actual selection after the race.
At the time of writing, laying our bet with Smarkets is likely to give us the smallest qualifying loss.
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £18.84…
Place £20.00 on Defi Du Seuil @ 3.75 = Potential profit of £55.00
Lay £18.84 on Defi Du Seuil @ 4.00 = Potential liability of £56.52
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Exchange | Extracted | Profit/Loss |
|---|---|---|---|---|
| Defi Du Seuil wins | +£55.00 | -£56.52 | £1.52 loss | |
| Defi Du Seuil finishes 2nd | -£20.00 | +£18.46 | +£16.00 | £14.46 profit |
| Defi Du Seuil finishes outside top 2 | -£20.00 | +£18.46 | £1.54 loss |
So, we’ll make a nice profit of £14.46 if Defi Du Seuil finishes 2nd and we stand to lose a maximum of £1.54 on any other outcome. Risking £1.54 to make a profit of £14.46 gives us effective odds of 10.39, which I’m sure you’ll agree, makes this a profitable offer in the long run.
If eligible, free bets will be credited within 24 hours and will be valid for 3 days. Free bet stakes are not included in any returns.
If you’re unsure how to extract £16.00 cash (80%) from the £20.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
* See my Horse Racing Offers page for a full list of money back offers available today! *
The post First Race Special (13:25 Cheltenham) – Sky Bet appeared first on Matched Betting Blog.
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