An action packed day of racing is on at Ascot today and Paddy Power have an offer you can’t refuse! Simply place a bet of up to £10.00 on any horse in the 13:05 at Ascot and if your horse finishes second, third or fourth, Paddy Power will refund all losing bets as a free bet up to the value of £10.00. Using simple matched betting this gives us a potential profit of £7.33!

Terms of the offer

  • Up to £10.00 refund as a free bet.
  • Refund will trigger on any horse that places second, third or fourth.
  • 7 or more runners must take part for this promotion to apply, if less than 7 runners, money back will only be available if second.
  • Qualifying bets must be placed between 10:00 on Thursday 8th August 2019 and 13:05 (start time) on Saturday 10th August 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 place 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 Final Venture at odds of 8.0.

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 8.0 and lay odds of 8.4 results in a £0.67 loss whether Final Venture wins or loses the race.

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What’s next?

Our £10.00 free bet will be credited within 2 hours if Final Venture places 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 £7.33 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.