Sky Bet 2nd or 3rd Refund
On Saturdays, or on popular horse racing events, Skybet normally runs a “Money Back If 2nd Or 3rd” (sometimes even 4th!) promotion on the first race of the day. If you place a bet on a horse, and if it finishes 2nd, 3rd, 4th, or however many places they say, you’ll get your stake back as cash, up to £20.
Your expected profit from this offer is usually £3+.
Back £20 on a strong favourite horse (low odds) which close odds to the exchange.
Lay your chosen horse using Normal in the calculator.
By choosing a lower odds horse, it is more likely to finish 2nd or 3rd.
A horse with odds of 8.0 might be unlikely to finish 2nd or 3rd, however, a horse with odds of 3.0 or 4.0 might be more likely to finish 2nd or 3rd, which would give us a refund.
Try to get a qualifying loss of less than £1.50, to maximise your expected value from this offer.
If your horse finishes 2nd or 3rd, you’ll get your stake back as cash within 24 hours.
How Often Will My Horse Finish 2nd or 3rd?
To calculate the chances of your horse finishing 2nd or 3rd (to get the cash reward), you can check out this page here.
The best horses to place our bet on are horses with odds between 2.0 and 6.0. If a horse has odds from 2.0 to 6.0, it will have a 30% chance of finishing 2nd or 3rd, which will give us our refund.
Based on this, we’ll have an average of 30% * £20 = £6 cash for every time we take this offer. If we had a £1.50 qualifying loss, this would mean that our expected profit for this offer is £4.50.
That means that every time we take this offer, we’ll end up with an expected profit of £4.50 on average.
Your expected profit from this offer is usually £3 to £5. For 5 minutes work, this is well worth doing!
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