We might have no horse racing in the UK and Ireland, but racing continues Internationally and we still have some good offers.
Paddy Power is offering money back up to £10 as a free bet if your horse finishes 2nd, 3rd or 4th on the 10-50 at Sha Tin on Sunday.
Liquidity on the exchanges will be a lot lower than usual but you should be able to get the stakes required matched closer to the off time.
- Max refund is £10, credited as a free bet.
- Promotion is online only.
- If there are less than 7 runners, it only applies to 2nd place.
- Bets must be placed pre-off.
What You Need:
- A Paddy Power 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.
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:
We need to place a £10 bet with Paddy Power on the 10-50am at Sha Tin on Sunday.
Unfortunately, Sha Tin isn’t covered in the Profit Rush Price Matcher so you will have to find a good match manually. Also be aware of what is likely to place, be shrewd with your choices. We’re unlikely to find a very close match at Sha Tin, so our example will reflect that.
Remember, it’s a good idea to wait until closer to the off time for better liquidity.
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 6.0 to lay on Betfair.
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 6.0 on Betfair, 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 £1 to set-up. We lay Horse A for £9.20 meaning a liability of £46. 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||-£46||-£1|
|If Horse finishes 2nd, 3rd or 4th||Cashback (as free bet)||£9.02||£9.02|
|If Horse doesn’t finish 1st, 2nd, 3rd or 4th||-£10||£9.02||-£0.98|
Effectively you are getting odds of 9/1 (10.0) 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.
It’s important to note that liquidity won’t be good on Betfair until closer to the off, but you should find a match like the example above within an hour to the off.
Remember also, you get a refund as a bet free. So you need to use that to turn it into cash.
Step 3 – Turning Free Bet Refund Into Cash
To do this, we look for a close match in the Profit Rush Price Matcher. The free bet lasts for seven days on any horse racing market, so you have plenty of time to find a close match.
Because you have seven days, aim for a very good match. We’re going to suggest an example of backing 7.0 on Paddy Power and laying 7.2 on Betfair. Put this information into the Bet Calculator. You should see a screen like this:
As you can see, this locks in a profit of £8.17 and you have to take away the set-up cost of £1. That leaves us with a profit of £7.17. It is offers like this that can keep us going through the Coronavirus crisis!
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!