Sportingbet has a great horse racing offer called Money Back 2nd. As the name suggests, it gives a refund on losing bets when your horse is a runner-up in the selected promotional races. The refund is credited as a free bet, equal to your stake and capped at a maximum value of £25. You can qualify for one free bet per race but can claim multiple free bets across a range of different eligible races.
Like most betting offers, the racing money back if 2nd promotion is subject to a few terms and conditions. The first thing to consider is that the offer applies to specified races only, detailed on the Sportingbet offers page. Only bets placed after 8am on the day of the race will be counted. Any ante-post bets or bets placed in-running will not qualify. If fewer than five runners go to post, the offer will not stand. The minimum qualifying stake is £5 in real cash, free bet stakes will not qualify. Only your first bet on each race will be deemed valid, any subsequent bets will not qualify for the offer.
If your horse is second according to the official results and you have bet within the terms, Sportingbet will refund your losing stake as a free bet. The maximum free bet refund is capped at £25 per race. Please note that the offer does not apply in the result of a dead heat. Free bets are credited within 48 hours and must be used as a win single on a sports betting market. Should you win with your free bet, the returns will be paid less the value of the free bet stake.
It’s a good offer for matched betting and falls under the category of advantage play. While it’s not possible to guarantee a profit from the offer, you can still make it pay long-term. By identifying close matches between Sportingbet odds and exchange prices and entering the details into our matched betting calculator, the cost of placing a qualifying bet is greatly reduced. This allows for numerous attempts at hitting the refund for a minimal fee. Then once a free bet is received, the process is repeated using a different calculator setting to turn the free bet into cash. The maximum refund of £25 is worth roughly £20 and the offer has an expected value of £4 over repeated play.
This Sportingbet promo is just one of hundreds at MatchedBets.com where our premium members get all of the tools and advice needed to make consistent profits through matched betting.