The stakes are on at Ascot tomorrow and Paddy Power have an offer you can’t refuse! Simply place a bet of up to £10.00 on any horse in the 16:00 at Ascot and if your selection comes second, third or fourth, Paddy Power will refund all losing bets, as a free bet, up to the value of £10.00. This gives us a potential profit of £7.04!

Terms of the offer

  • Up to £10.00 refund as a free bet.
  • Refund will trigger on any horse that comes second, third or fourth.
  • 7 or more runners must take part. In the event of 6 or less runners, the offer will revert to money back if second.
  • Qualifying bets must be placed between 10:00 on Thursday 17th October 2019 and 16:00 (start time) on Saturday 19th October 2019.

Qualifying Bet and Strategy

We will treat this bet a simple Bet X Get X offer. All we need to do is back and lay a qualifying bet and extract our profit from the £10.00 free bet should our selection come second, third or fourth. As usual we will be finding a close match to place our qualifying bet on. We should aim to lose no more than £1.00 on our qualifying loss. We have opted to place our qualifying bet on Coronet at odds of 4.5.

Back Bet




Lay Bet


Adjust Lay

Required Lay £
Bookmaker Exchange Cashback Total
If Back Wins
If Lay Wins

As we can see our £10.00 back bet at odds of 4.5 and lay odds of 4.9 results in a £0.96 loss whether Coronet wins or loses the race.

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What’s next?

Our £10.00 free bet will be credited within 2 hours if Coronet place second, third or fourth. We should expect to extract 80% cash making our free bets worth at least £8.00. After we take away our initial qualifying loss we should have made ourselves an easy £7.04 in profit. Free bet valid for 7 days and can be used on any horse racing market.

By this point you should know how to extract profit from free bets, but if your still unsure or need a refresher the perfect guide can be found here.