The Cheltenham Festival is approaching fast and the Matched Betting Offers are coming!
Paddy Power has gone up early with its offer, and it’s a very good one. It applies to every race on Tuesday so the potential profit is big. We’re going to show you how to profit now.
On Day 1 from the Cheltenham Festival, Paddy Power is offering Money Back up to £10 if your horse finishes 2nd, 3rd or 4th. This applies to every race!
Key Terms;
- Max refund is £10 per race.
- It only applies to the day-of-race market, so while we are posting this guide now. Remember to wait until the markets are fully available.
- Promotion is online only.
- If there are less than 7 runners, it only applies to 2nd place.
- In the event of a dead-heat, it will only apply to 3rd and 4th placed horses.
- Bets must be placed pre-off.
Let’s look at how to play this offer…
Step 1 – Place our qualifying bet:
Paddy Power will have day-of-race markets available earlier than the exchanges. You must wait until the exchange markets are ready. This will happen AFTER the declarations have been made.
When the markets are available, we need to place a £10 bet with Paddy Power. There are a number of ways that you can play this offer. You can:
- Find the best matches in the Profit Rush Price Matcher.
- Back the horses you feel will most likely be certain to place, however, this could lead to higher set-up costs.
We recommend you opt for using the Price Matcher, but also be aware of what is likely to place. Be shrewd with your choices. It applies to every race on Tuesday too, so there will be plenty of options.
For now, we’re going to give you an easy example to fully understand how to profit from the offer.
Let’s say Horse A is trading 5.5 (9/2) with Paddy Power and is 5.7 to lay on Betdaq. Remember, you will find close matches at Cheltenham because liquidity will be great on the exchange and prices very competitive with bookmakers.
For step 1, we’re going to place a £10 bet on Horse A to win at 5.5 with Paddy Power.
Step 2 – Lay off on the exchanges:
After placing our qualifying bet, we’re going to lay off our bet with Paddy Power on the exchanges. Horse A is trading 5.7 on Betdaq, so we put this information into the Profit Rush Bet Calculator. You should see a screen like this:
As you can see, this has cost is £0.51 to set-up. Now there are a number of possible outcomes based on where the horse finishes. Let’s look at them with a simple table:
| Outcome | Bookmaker | Exchange | Profit & Loss |
| If Horse Wins | £45 | -£45.50 | -£0.50 |
| If Horse finishes 2nd, 3rd or 4th | Cashback | £9.49 | £9.49 |
| If Horse doesn’t finish 1st, 2nd, 3rd or 4th | -£10 | £9.49 | -£0.51 |
Effectively you are getting odds of 19.6 on your horse finishing 2nd, 3rd or 4th. Check the prices in the Betfair place market before selecting your bets too and you will see what an incredibly profitable offer this is over the long-term.
As you can repeat this offer in every race, providing there are 7 or more runners, this is a brilliant way to kick off the Cheltenham Festival!
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!
