What is refund if 2nd to SP favourite?
Refund if 2nd to SP favourite is a horse racing reload offer.
The bookie offers a free bet if the starting price (SP) favourite wins the race and your horse finishes second.
2nd to SP favourite strategy
You need to back a horse at the bookie that is not likely to be the SP favourite. Then place a matching lay bet at the exchange and hope the offer triggers. Back, lay and hope is the strategy.
You should look for races with the following circumstances.
a). A clear favourite: There is an odds on or strong favourite to win the race, plus a clear second favourite. See the Bristol De Mai and Cue Card example below.
b). Close odds match: if you find a qualifying bet within 0.2 gap between back and lay odds, i.e. 5.0/5.2 or similar. This ensures a small qualifying loss.
c). A small field: the race has a field of 8 runner or less. Some bookies require a minimum of 5 or 6 runners for the refund to apply. Please check the terms with each bookie.
2nd to SP fave example
A good example of refund if 2nd to SP favourite was the 3.00 Haydock race on 25th November 2017.
This was a 6 runner race. Bristol De Mai went off as the SP favourite at odds of 11/10 (2.10).
Cue Card finished 2nd at SP odds of 2/1 (3.00).
Cue Card was available as a 3.00/3.10 odds match at various bookies, including Paddy Power who offered a refund if 2nd, 3rd or 4th to the SP favourite.
Refund if 2nd to SP favourite can be a useful matched betting offer.
A back, lay and hope strategy is optimal bets if qualifying losses are minimised.
It is worth considering 2nd to SP favourite alongside other horse racing reloads like William Hill High 5.
When completing this offer, check Sportinglife fast results to keep updated with each race.