Paddy Power – Goodwood Festival 2022 (Day 3) Offer

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It’s Day 3 of Goodwood Festival 2022 on Thursday, and you don’t want to miss this Paddy Power money back offer! Place a bet of up to £10.00 on the 14:25 Goodwood and get your money back as a free bet if your horse finishes 2nd, 3rd or 4th. Translated into matched betting terms, this gives you a potential profit of £6.49 and here’s how…

Key terms

Place a bet of up to £10.00 on the 14:25 Goodwood (Thursday 28th July 2022).Applies to single bets placed between 14:00 on Tuesday 26th July 2022 and 14:25 (race-off) on Thursday 28th July 2022.Applies to win singles and the win part of each way bets.Money back as a free bet up to £10 if your horse finishes 2nd, 3rd or 4th.6+ runners required for ‘Money back if 2nd, 3rd or 4th’.5 or fewer runners and Paddy Power will pay ‘Money back if 2nd or 3rd’.Maximum free bet refund of £10 per customer per race.Your free bet will be credited within 2 hours of the end of the race if eligible.Your free bet will be valid on horse racing for 7 days.The free bet stake will not be returned with any winnings.

Qualifying bet

Please see my qualifying bets guide if you’d like more information about them and how they work.

It’s entirely up to you which horse you go for, but it would make sense to select a horse with relatively short odds in the hope of a 2nd, 3rd, or 4th place finish.

At the time of writing, ‘Royal Scotsman‘ is available at back odds of 2.375 (11/8) and lay odds of 2.76.

You can calculate your lay stakes using my Matched Betting Calculator.

As you can see, the calculator tells you that your lay stake should be £8.67.

Place £10.00 on Royal Scotsman @ 2.375 = Potential profit of £13.75

Lay £8.67 on Royal Scotsman @ 2.76 = Potential liability of £15.25

Outcomes

Let’s look at your potential profit/loss for the possible outcomes…

OutcomePaddy PowerExchangeFree BetProfit/LossRoyal Scotsman wins+ £13.75– £15.25£1.50 lossRoyal Scotsman finishes
2nd, 3rd or 4th– £10.00+ £8.49+ £8.00£6.49 profitAny other outcome– £10.00+ £8.49£1.51 loss

As you can see, you’ll make a nice profit of £6.49 if Royal Scotsman finishes 2nd, 3rd or 4th. You’ll lose a maximum of £1.51 on any other outcome. Risking £1.51 to make a potential profit of £6.49 gives you effective odds of 5.30, which I’m sure you’ll agree, makes this a profitable offer in the long run.

If eligible, your free bet will be credited within 2 hours of the race ending and valid on any horse racing market for 7 days.

Please see my free bets guide if you’re unsure how to convert your £10.00 free bet into £8.00 cash (80%).

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Author: Tamara Kim