We have some excellent racing on ITV this Saturday, including the Group 1 Dewhurst! We also have a nice offer to exploit on two different races on the card.
Paddy Power is offering money back if your horse finishes 2nd, 3rd or 4th in the 2-20pm at Newmarket, while SkyBet is offering money back if your horse finishes 2nd or 3rd on the 1-45pm.
We’re going to give you an example that can be applied to either bookmaker, you just have to change the horse, if you want to, and odds depending on what way you want to play it. You can do both, why not!
Key Terms;
- Max refund is £10, paid as a free bet with Paddy Power and as cash with SkyBet
- Qualifying bets must be placed on the selected races on Saturday the 10th of October
- Applies to first bet only
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What You Need:
- A Paddy Power or SkyBet account
- An exchange account with an available balance big enough to lay back your bets
- You need to be familiar with using the Profit Rush Price Matcher and Bet Calculator.
Not got one? Get your account by clicking here (terms and conditions apply).
That’s all you need to get started, it’s simple! Let’s go through the steps so you can get the most money.
Step 1 – Place our qualifying bet:
Use the Profit Rush Price Matcher and find the closest match. Liquidity will be excellent on Saturday on races live on ITV Racing, and you should have no trouble getting a match at Newmarket because it’s such a big day. This is a very good day to do these offers, because we only have eight runners in the 1-45pm and ten in the 2-20pm. Both are Group 3 races.
Our target match for this race will be a horse towards the head of the market that isn’t a big favourite. Something which is trading 5.5 or so with Paddy Power or SkyBet, and we’re going to lay 6.0 on Betfair. The third or fourth favourite is usually ideal to place without winning for these type of offers. Remember, we need the selection to finish 2nd, 3rd or 4th rather than win! We don’t have any massive favourites in the races, which is good.
For Step 1, we place a £10 bet on our selected horse at 5.5 with Paddy Power.
Step 2 – Lay off on the exchanges:
Now that we’ve placed our qualifying bet with Paddy Power or SkyBet, we need to lay off on the exchanges. We’ve opted for a horse trading 5.5, so we’re going to lay it at 6.0 on Betfair. We put this information into the Profit Rush Bet Calculator. You should see a screen like this:
As you can see, the cost to set up this bet is -£1.00. You need to lay the horse for £9.20 at odds of 6.0 on Betfair. Usually we could find a closer match on English racing and in fairness you probably will on Saturday however as this is an example to apply to both bookmakers, we thought we’d push the lay price out a little. The set up cost is still £1 which is OK, you could probably do better. Now after that’s done, let’s look at our outcomes…
| Outcome | Bookmaker | Exchange | Profit & Loss |
| If your horse Wins | £45 | -£46 | -£1 |
| If your horse finishes 2nd, 3rd or 4th (or 5th) | Cashback | £9.02 | £9.02 |
| If your horse doesn’t finish 1st, 2nd, 3rd or 4th (or 5th) | -£10 | £9.02 | -£0.98 |
What a brilliant position. You’re effectively getting odds of 10.02 on your selection finishing 2nd, 3rd or 4th! That’s a very nice price and it only costs you -£1! You can see what a profitable offer this is long-term.
Not sure about something in this offer? Click here to ask us on the community forum now.
Did you find this article helpful?
Check the Profit Rush Daily Calendar for more and come back tomorrow for another daily offer!
