Horse racing offers
Horse racing offers are bookmaker promotions. You can use matched betting to take advantage of these offers.
The majority of horse racing offers are “refund if” a certain outcome happens in a horse race.
The desired outcome may not happen, so some offers are not risk-free.
Keep qualifying losses to a minimum to make more long-term profit.
There is horse racing on most days in the UK.
Type of horse racing offers
Horse racing promotions are hugely popular with bookies and bettors alike.
Free bet on winner
Bet365 offer a risk-free bet to £50 on the next ITV race if your horse wins, whilst Betfair Sportsbook offer a free bet to £25 if you back a winner at a starting price of 3/1 (4.00) or above in ITV racing.
Another variation is if your horse wins by a certain distance.
A good example is William Hill 2clear and High 5.
If your horse wins by 2 lengths on flat racing (2clear) or 5 lengths on jump racing (High5), get a free bet to 15% of your winnings up to £100.
Check out my William Hill High 5 guide for the matched betting strategy.
Refund if offers
Bookmakers like to run “Refund if” offers to encourage customer spend. If the triggerc hits, most bookies offer a refund as a Stake Not Returned (SNR) free bet.
Some popular refund if offers are:
Your horse finishes 2nd or 3rd – Skybet on selected big races.
The horse finishes 2nd – this is rarely offered in recent times.
2nd to the SP favourite – a popular variation of refund if second, but your horse needs to finish second and the favourite must win. Useful if you find a close odds match.
Faller insurance (if your horse falls) – back, lay and hope to hit the trigger for a free bet refund.
Beaten by a head/neck/length – your horse must finish second by the specified distance.
Bookmakers offer price boosts for big race meetings or daily bonus times with enhanced odds. Examples include Betfred Pushes and William Hill Flash Odds. These boosts offer frequent arbitrage opportunities.
Overall, the free bet if the horse wins and Skybet offers have the greatest potential profit. The other refund offers are worth completing if you can matched bet for a small qualifying loss.
There are numerous races every day where bookies pay out on extra places for each-way bets. Check out my guide here: horse racing extra places.
Best Odds Guaranteed
Check out my guide to Best Odds Guaranteed.
A simple back and lay strategy could be a good foundation strategy to build your bankroll.
You will need a few hundred pounds available at the exchanges to complete horse racing offers.
If you complete offers with different bookmakers for each race, you need less money at the exchange as the liabilities on each horse balance each other out.
Horse racing festivals
The big horse racing festivals are great for matched betting. Look out for Cheltenham festival in the second week of March, the Aintree Grand National festival in early April, and the Epsom festival and Royal Ascot in June. These big meetings attract excellent offers and boosts from all major bookies and new bookies looking to gain market share.
Horse racing mug betting
When taking advantage of horse offers, also place matched bets on horse races with no offer attached. This strategy should give your accounts a “mug punter” style profile. Simply back and lay close odds match horses to look less like a bonus hunting matched bettor.