Sky Bet – Money Back Offer (14:50 Cheltenham)

There’s a big day of racing at Cheltenham on Saturday and it’s time for another Sky Bet money back offer! If our horse finishes 2nd or 3rd in the 14:50 Cheltenham, 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 £8.37 and here’s how…

Key terms

Applies to our first bet on the 14:50 Cheltenham.
Applies to bets placed between 11:00 on Thursday 11th November 2021 and 14:50 (race-off) on Saturday 13th November 2021.
If fewer than six runners come under starters orders, this offer will revert to ‘Money back as cash if 2nd‘.
If fewer than five runners come under starters orders, Sky Bet may withdraw the offer.
If our horse finishes 2nd or 3rd, 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 or 3rd place finish.

At the time of writing, Proschema is available at back odds of 4.00 (3/1) and lay odds of 4.70.

Smarkets logosSky Bet – Money Back Offer (14:50 Cheltenham) 4

For this offer, Smarkets are the best option due to Sky Bet being part of the same group as Betfair.

Laying your bet at Betfair would probably be fine, but if you don’t want to risk it Smarkets is your safest bet.

+ £10 bonus for all new sign-ups

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 £8.55…

Sky Bet logoSky Bet – Money Back Offer (14:50 Cheltenham) 5

Place £10.00 on Proschema @ 4.00 = Potential profit of £30.00

Smarkets logoSky Bet – Money Back Offer (14:50 Cheltenham) 6

Lay £8.55 on Proschema @ 4.70 = Potential liability of £31.63

Outcomes

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

Outcome
Sky Bet
Smarkets
Cashback
Profit/Loss

Proschema wins
+ £30.00
– £31.63

£1.63 loss

Proschema finishes 2nd or 3rd
– £10.00
+ £8.37
+ £10.00
£8.37 profit

Any other outcome
– £10.00
+ £8.37

£1.63 loss

So, we’ll make a nice profit of £8.37 if Proschema finishes 2nd or 3rd or we’ll lose £1.63 on any other outcome. Risking £1.63 to make a potential profit of £8.37 gives us effective odds of 6.13, which I’m sure you’ll agree makes this a profitable offer in the long run.

If eligible, cash refunds will be credited within 72 hours of the race finishing.

More Horse Racing Offers…

Take a look at my comprehensive list of available horse racing offers.

Author: wpadmin

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