It’s the last day of the Cheltenham Festival 2020 today and Sky Bet has got us covered in the first race of the day. Simply place a bet on any horse in the 13:30 at Cheltenham and should our selection come second, third, fourth or fifth, Sky Bet will refund our stake back as cash! This means we have a potential profit of £18.85!

Terms of the offer

  • Up to £10.00 refund as a cash.
  • Refund will trigger on any horse that places second.
  • Qualifying bets must be placed between 12:00 on Wednesday 11th March 2020 and 13:30 (start time) Friday 13th March 2020.
  • 10 or more runners required for the promotion to apply.

Qualifying Bet and Strategy

For this offer we will simply back and lay our selection while taking the lowest qualifying loss possible. It is a very simple offer to take advantage of but we will only make a profit if our selection places second, third, fourth or fifth. For this offer we have opted to place our qualifying bet on Aspire Tower at odds of 8.0. Of course it up to you which horse you choose for this promotion and is subject to available odds.

Let’s take a look on the matched betting calculator to see what out qualifying loss will be:

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 8.6 will result in a small loss of £0.87 whether Aspire Tower wins or loses. However if Aspire Tower places second, third, fourth or fifth we stand to make a tasty profit. Remember the refund is in cash so we don’t need to worry about extracting any profit from a free bet.

Outcome Sky Bet Exchange Cashback Profit/Loss
Aspire Tower wins +£70.00 -£70.83 £0.00 -£0.83
Aspire Tower loses -£10.00 +£9.13 £0.00 -£0.87
Aspire Tower places 2nd/3rd/4th/5th -£10.00 +£9.13 +£10.00 +£9.13

If Aspire Tower finishes second, third, fourth or fifth we shall make a tidy profit of £9.13. If however Aspire Tower wins or loses outside of the required place we stand to make a small loss of £0.87. Cash refunds will be credited to your account within 24 hours – the bet receipt will simply be voided and your stake returned back to your cash balance.

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