Refund If Horse 2nd To SP

Refund if your horse finishes 2nd is starting price (SP) offer run by the bookmakers. This means that both:

  • Your horse needs to come 2nd
  • The SP favourite needs to win the race

The SP favourite is the horse that is the favourite at the time the race starts.

Therefore, do not back the favourite as you would never receive the refund! (this is because it couldn't win and come 2nd which are the two criteria to receive the refund).

Given both criteria need to happen, this is a low profit offer, so I'd only recommend it if you were a very regular matched better.

How Do I Complete These Refund Offers?

Back, Lay And Hope!

Simply back and lay a horse for a small trigger bet loss and hope it comes 2nd (or 3rd for Boyles offer) and the SP favourite wins!

It is best to choose races where there is a clear favourite.

This maximises the chance of it both winning and staying as the Starting Price Favourite (when there are two horses both with low odds, it isn't easy to know which horse will be the favourite by the start of the race).

In terms of approximate chances to receive a free bet refund based on the odds of the SP Favourite and assuming you choose a horse with odds of between 3.0 to 7.0:

SP Favourite 1.5 odds = 12% likelihood of refund (24% for Boyles 2nd or 3rd Offer)
SP Favourite 2.0 odds = 9% likelihood of refund (18% for Boyles 2nd or 3rd Offer)
SP Favourite 2.5 odds = 7% likelihood of refund (14% for Boyles 2nd or 3rd Offer)

It is also very important to choose a horse with a low trigger bet loss (ideally under £1).

For more information on this, please see the Horse Racing Refund guide.

Using The OddsMonkey Racing Matcher

The Racing Matcher is very helpful for all racing refund offers. It gives you the horses with the lowest qualifying losses as well as providing direct links to the exchanges. Read the Racing Matcher guide for more detail!

How Much Profit Do I Make Per Offer?

As shown above, this depends a lot on the SP favourite odds (which heavily determines your chances of receiving a refund as it needs to win).

You will make around £2 expected profit per offer so long as the SP Favourite odds are at 2.0 or lower.

Example

If you choose a horse with odds of 4.0 where the SP Favourite is 2.0 for your £20 bet, then approximately 18% of the time you will receive a £20 free bet refund.

This has an expected free bet of £3.60 (18% * £20). This is the equivalent of £2.70 expected profit (assuming you convert free bets to cash at 75%).

So long as your trigger bet is no more than £1, then you will make an expected £1.70 expected net profit.

Summary

Please note % chances of the horse coming 2nd or 3rd are just estimates I have tried to calculate, please see the Profit Estimator in the Racing Refund Guide if you're interested in more details.

Overall, just stick to:

  • Clear favourite in the race (odds of 2.5 or less)
  • Reasonable odds for your horse (3.0 to 7.0 so it has a chance of coming 2nd/3rd)
  • Low trigger bet loss (£1 or less ideally).

And you will average around £2 profit per offer over the long run!

Got Questions?

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