Betfair Exchange – Money Back Offer (17:20 Punchestown)

Betfair Exchange - Money Back Offer (17:20 Punchestown)

There’s a big day of racing at Punchestown on Wednesday, and you don’t want to miss this Betfair Exchange money back offer! Place a bet of up to £10.00 on the 17:20 Punchestown, and Betfair will refund your stake as a free bet if your horse fails to place. Translated into matched betting terms, this gives you a potential profit of £6.07 and here’s how…

Key terms

Place a bet of up to £10.00 on the 17:20 Punchestown (Wednesday 27th April 2022).Applies to your first bet on the Exchange ‘Win’ market.Applies to your first bet placed after 10:00 on Monday 25th April 2022.Money back as a free bet up to £10 if your horse does not finish 1st, 2nd or 3rd.Applies to back bets only; lay bets do not qualify.Betfair Rewards ‘Basic’ customers are excluded from this promotion.Your free bet will be credited within 24 hours and valid on any horse racing market for 7 days.

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 pretty long odds hoping it won’t finish 1st, 2nd or 3rd.

At the time of writing, Hollow Games is available at back odds of 12.50 and lay odds of 14.50.

You can calculate your lay stake using my Matched Betting Calculator…

As you can see, the calculator tells you that your lay stake should be £8.24…

Place £10.00 on Hollow Games @ 12.50 = Potential profit of £109.25

Lay £8.24 on Hollow Games @ 14.50 = Potential liability of £111.24

Outcomes

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

OutcomeBetfairExchangeFree BetProfit/LossHollow Games wins+ £109.25– £111.24£1.99 lossHollow Games finishes
2nd or 3rd– £10.00+ £8.07£1.93 lossHollow Games does not
finish 1st, 2nd or 3rd– £10.00+ £8.07+ £8.00£6.07 profit

So, you’ll make a profit of £6.07 if Hollow Games does not finish 1st, 2nd or 3rd, or you’ll lose a maximum of £1.99 on any other outcome. Risking £1.99 to make a profit of £6.07 gives you effective odds of 4.05, which I’m sure you’ll agree, makes this a profitable offer in the long run.

If eligible, free bets will be credited within 24 hours and valid on any horse racing market for 7 days.

If you’re unsure how to convert your £10.00 free bet into £8.00 cash (80%), please see my free bets guide for a walkthrough.

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Author: Tamara Kim