How To Use 'Refund If' Calculator
What is better than potential profit? You got it - guaranteed profit!!
The 'Refund If' Calculator allows you to lock in a profit on certain Reload Offers.
For example, 'Refund If Salah Scores' or ''Refund If Tommy Turbo Horse Wins'
In this guide, you will learn:
Which Reload Offers are suitable?
Some Reload Offers require two conditions are met for the bookmaker to refund your trigger bet as a free bet:
Your trigger bet loses.
An event happens such as 'Salah scores' or 'Tommy Turbo Horse wins'
Paddy Power will refund your £10 trigger bet as £10 free bet if Salah scores and your bet loses:
Genting will refund your £10 trigger bet as £10 free bet if Fox Tal wins the race:
So you could back and lay for small loss.
Then fingers crossed your bet loses and the event happens, such as Salah scoring.
However, you can place an additional lay bet on the event happening.
This means if Salah doesn't score, you still make a profit.
To calculate how much to lay on the event happening, you use the Refund If calculator.
How to use the Refund If calculator?
Firstly, enter the trigger bet details - back stake, back odds and lay odds - into top section of the calculator.
Additionally, enter the free bet amount ('Refund amount') and the % you typically convert free bets to cash profit ('Refund Retention'). I usually put 75% for this:
In the above example, you have placed a £10 back bet and layed this as normal. The odds were 5.0 back odds and 5.6 lay odds. If you receive a £10 free bet refund, you would expect to make £7.50 (75%).
Here comes the cool bit...
So you could have simply hoped the event happens, such as Salah scoring.
Instead, you now check the lay odds of the event happening and enter this into the lower part of the calculator:
In the above example, Salah to score lay odds are 3.0. The calculator tells you to place a £2.52 lay stake on this event happening.
This means that:
If Salah doesn't score, you win the £2.52 lay stake. This covers your £1.28 qualifying loss, giving you a £1.24 profit.
If Salah scores, you lose the £5.04 liability and have a £1.28 qualifying loss. However, you get a £10 free bet worth £7.50. Overall, this gives you a £1.24 profit.
Well I think that is pretty cool!
However, there is a super important note so please read on.
Super Important! Choosing Your Trigger Bet
This is super important. You need to choose a trigger bet that means if the event happens, your trigger bet will always lose.
Using 'If Salah Scores' example, you need to choose trigger bet market where Liverpool do not score.
For example, the correct score market '0-0' or '0-1' to the opponents.
What happens if you did not consider this?
Let's say you backed Liverpool to win 1-0.
Sod's law could strike and Salah would score the only goal in the game. You would then lose your additional lay bet (as Salah scored) for a £5.04 liability loss. Plus you would not receive your £10 free bet. as your trigger bet won (Liverpool won 1-0).
So that is why you need to be a bit careful with choosing your trigger bet.
Note this is easier for horse racing offers such as 'If Timmy Turbo Wins' as you can just place a £10 back bet on any horse except for Timmy Turbo.
If Timmy Turbo wins, you will definitely receive your £10 free bet as your horse could not win too.