Paddy Power horse refund: money back (as a free bet) on losing bets if a selected horse wins.
Paddy Power money back specials are popular with matched bettors. .
In 2013, Paddy offered money back if Sprinter Sacre won the Arkle up to Â£100.
Nowadays, the refund if ‘horse X’ wins promotion is usually available both online and in Paddy Power shops. Expect a maximum of Â£20 refund.
Check Paddy Power “Promotions” page for the latest details. Or, see Paddy Power Onside about in-shop bets. This offer is usually on high-profile festival races or big Saturday ITV racing.
Here are key terms to be aware of:
– Max free bet Â£10 per customer per race online. May be up to Â£20 in shops.
– Minimum 5 runners (often more). Check the terms online or in shops.
– Applies to your first pre-race bet on the race. Singles only.
There are two main strategies as follows.
Method #1 – Back a horse and hope
- Bet up to Â£10 on a horse other than the specified horse.
- Place a matching lay bet at the exchange.
This back and lay technique relies on the refund trigger to happen. You are not attempting to lock in profit with method #1.
If the specified horse does not win, then you will not gain a free bet refund. Your qualifying bet might give a small qualifying loss.
Method # 2 – Lock in
- Choose any horse other than the specified horse. Then calculate your ideal lay stake.
- Place Â£10 back bet on your horse at Paddy Power.
- Place a matching lay bet on your horse at the betting exchange. This will give a small qualifying loss.
- Lay the amount of your qualifying loss on the Paddy Power trigger horse.
There are 2 possible outcomes:
2. THE REFUND TRIGGER HORSE DOES NOT WIN. Using method #1, you do not receive a free bet and may incur a small qualifying loss. With method #2, you are likely to have locked in a tiny profit.
It’s easy to ensure a risk free matched bet. But advanced matched bettors may choose to advantage play this offer (i.e. not place a matching lay bet).
Besides Paddy Power horse refund offer, see our horse racing matched betting guides. Discover Bet365 racing refund, extra place offers, each way arbing, and more.