Betting

Money Back Offer (15:05 Meydan) – Sky Bet | Matched Betting Blog


There’s a big day of racing at Meydan on Thursday and it’s time for another Sky Bet money back offer! If our horse finishes 2nd in the 15:05 at Meydan, Sky Bet will refund our stake as cash, up to a maximum of £10.00. Translated into matched betting terms, this gives us a potential profit of £8.97 and here’s how…

Key terms

  • This offer applies to our first bet on the 15:05 at Meydan.
  • Qualifying bets must be placed between 10:00 on Wednesday 17th February 2021 and 15:05 (race-off) on Thursday 18th February 2021.
  • If fewer than five runners come under starters orders, Sky Bet may withdraw the offer.
  • If our horse finishes 2nd, Sky Bet will refund our stake as cash, up to £10.00.

Qualifying bet

If you’d like more information about qualifying bets and how they work, please see my qualifying bets guide.

It’s entirely up to you which horse you go for, but it would make sense to select a horse with fairly short odds in the hope of a 2nd place finish.

At the time of writing, the back and lay odds aren’t quite tight enough. A’ali is favourite to win the race at back odds of 2.50 (6/4). I’ll use lay odds of 2.75 to illustrate how this offer works and I’ll update the bottom of the post after the race with a genuine selection.

We can calculate our lay stake using my Matched Betting Calculator

As you can see, the calculator tells us that our lay stake should be £9.16…

Place £10.00 on A’ali @ 2.50 = Potential profit of £15.00

Betfair logo

Lay £9.16 on A’ali @ 2.75 = Potential liability of £16.03

Outcomes

Let’s have a look at our potential profit/loss for the possible outcomes…

Outcome Sky Bet Betfair Cashback Profit/Loss
A’ali wins + £15.00 – £16.03 £1.03 loss
A’ali finishes 2nd – £10.00 + £8.97 + £10.00 £8.97 profit
A’ali finishes outside top 2 – £10.00 + £8.97 £1.03 loss

So, we’ll make a nice profit of £8.97 if A’ali finishes 2nd and we stand to lose £1.03 on any other outcome. Risking £1.03 to make a potential profit of £8.97 gives us effective odds of 9.71, which I’m sure you’ll agree, makes this a profitable offer in the long run.

If eligible, cash refunds will be credited within 24 hours of the race finishing.



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