As Racebets are a bookmaker dedicated to racing, it should come as no surprise that they list some great racing offers. One of these is money back as a bonus, up to £25, should your horse finish second in any handicap race broadcast live on ITV. You may only receive one bet per relevant race, but you can claim a refund against each qualifying race.
As always, it is important to ensure your qualifying bets are within the terms and conditions. Firstly, this offer applies to day of the race fixed odds markets only, any bets on other markets will not count as a qualifier. The offer uses win bets and the win part of each way bets. In order for the offer to count, there must be a minimum of 5 runners in the race. Your refund will always be applied as bonus cash, up to a maximum of £25. When you receive the bonus, it must then be wagered 3 times before it can be withdrawn. Please note that this offer only applies to customers that live in any of the following countries; United Kingdom, Ireland, United Arab Emirates or India. If you have placed numerous bets on the same race, only the first single bet will count towards the offer.
You must always make sure that you place any qualifying bet with real money, as any bets placed with a free bet or bonus cash do not qualify. As with every offer, we advise that you deposit all funds using a debit card, as in this case any deposits made via Skrill, Paysafecard and Neteller will exclude you from the promotion. Exactly when you receive your bonus is not specifically noted on the site, so it may vary.
When matched betting, this is a very useful offer that can be used to boost profits. If you are able to find a close match between the odds with Racebets and those on the exchange, you will be able to play the offer for a small outlay, which allows for multiple attempts at hitting the refund. If you do receive the bonus, it must then be wagered 3 times. Ideally, you want to lose the bonus into the exchange at the first attempt. The higher the odds you pick, the greater the chance of losing. However, you must remember that the higher the odds, the greater the bank needed to cover the liability. By using advanced methods on the MatchedBets.com calculator we can work out the losses each time.
If the first bet in the wagering loses you are done with the offer. If it wins, you will need to place another £50 in bets before withdrawing, laying against each selection on the exchange. The maximum refund amount of £25 can typically be converted into £20 cash, after wagering requirements. Over repeated play, the estimated value of this offer is £2.
This offer is one of hundreds that MatchedBets.com provides offer instructions for. Our premium members have access to all of the tools and techniques to make money online.