It’s time for another fantastic Paddy Power offer, this time on the greyhound racing! Simply back any winner at 2/1 or bigger in any race at Hove on Thursday 2nd July 2015 and Paddy Power will match our stake with a free bet up to £25.00. Translated into matched betting terms, this gives us a maximum potential profit of £216.00 and here’s how…
Qualifying bets
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walkthrough guide on how to place your qualifying bets.
This offer is by no means risk-free, but the value on offer is so good that we have to give this one a go. The terms of the offer are really straightforward. There are 12 races at Hove tonight and we are eligible to claim a £25.00 free bet on every race if we pick a winner at 2/1 and above. All we need to do is back and lay a greyhound in every race and hope we hit a couple of free bets. It makes sense to select greyhounds with low odds, as close to 3.00 (2/1) as we can as they are more favoured to win.
The liquidity at Betfair isn’t great at the time of writing but we shouldn’t have a problem finding some tight back and lay odds nearer the start of the races.
Aim to lose no more than £2.00 on each of your qualifying bets
Given that there are 12 races, we stand to lose a maximum of £24.00 if we fail to pick any winners.
Free bets
For every winner we do pick, we will receive a £25.00 free bet. By using straightforward matched betting, we should be able to extract 80% out of these free bets as cash, so £20.00. If we take into account our qualifying loss of £2.00, this gives us a potential profit of £18.00 on each race. Given that there are 12 races in total, we stand to make a maximum potential profit of £216.00!
If you’re not sure how to extract 80% of the £25.00 free bets, please see my Free Bet Strategy page for a walkthrough guide on how it should be done.
* As you can see from the comments below, the liquidity on these races was pretty poor, meaning we weren’t able to take advantage of this offer. On the face of it, it looked like a great offer but maybe we should avoid greyhound offers like these in the future. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.