William Hill offers a refund if your horse finishes 2nd in selected races.
Are you looking to profit from horse racing matched betting?
This guide will show you:
- Key terms to look out for before placing your bets
- How to place the relevant bets
- Possible outcomes
Right, let’s get started.
See William Hill website for details of the daily selected races.
Important terms
Here’s a list of the most important qualifying criteria:
- This offer is available by invite only for selected customers. If you cannot see the offer on your William Hill homepage, you will not qualify for any refunds.
- Qualifying bet at minimum odds of 3/1 (4.0).
- Minimum stake £1 and maximum stake £10 per race.
- This offer applies to selected races only.
- Minimum of 4 runners in eligible races. If a non-runner reduces the field to less than 4 horses, your bet will not qualify.
For full promotion terms, see William Hill website promotions page for details.
William Hill refund if 2nd Strategy
So how do you approach this offer?
Let’s look at the best matched betting strategy.
Step 1: Choose a horse
Find a good qualifying bet. Check William Hill and the betting exchange for closely matched odds. You want a minimal difference between back and lay odds.
Or, use Oddsmonkey OddsMatcher or Racing Matcher to find a suitable qualifying bet.
A lower odds horse (odds of around 4.0) is more likely to finish second than a high odds horse (10.0+ odds). So, look for a horse between 4.0 to 7.0 odds.
Ideally, bet on a race with a small field (at least 4 runners). This will enhance your chance of triggering a refund.
Step 2: Place your qualifying bet
Here is a typical example for your first bet.
Bet £10 on a horse at William Hill. In this example, place a £10 bet on Advertise in the 1.35 Ascot (a 17-runner race).
Look for a race with fewer runners, but it’s important to find a no-loss or minimal loss bet.
Advertise is available at 5.5 back odds/5.5 lay odds.
Horse racing odds move up and down all the time. Place your qualifying bet quickly. Ensure you get 5.5 odds before the price may change.
First, click on your selected horse. It will then appear in the betting slip. Secondly, enter your £10 stake. Finally, click “Place Bet” to confirm your bet.
Great, now the initial bet is all sorted, it’s time to hedge your risk by ‘laying off’ at the exchange.
Step 3: Placing your lay bet
When matched betting, it’s vital to cover your back bet with a matching lay bet.
On Smarkets, navigate to the 1.35 Ascot race where you’ll find Advertise at odds of 5.5 to lay.
(Note: Smarkets shows the back odds in green on the left-hand side, while the lay odds appear to the right)
Click on the 5.5 odds and place a £10 lay bet at odds of 5.5.
That’s it, you’ve now matched both sides of the bet. So, it doesn’t matter where Advertise finishes in the race, there’s zero risk.
You’ve managed to take £0 qualifying loss on your qualifying bet.
Now let’s see the potential outcomes.
Possible outcomes
- The horse does not finish in second place: you may incur a small qualifying loss. (above example is zero qualifying loss)
- Finishes second: (in a 4+ runner race), you’ll receive a refund as cash (up to £10) within one hour of the race ending. Your total profit is stake minus a small qualifying loss.
Useful hints
While Betfair and Smarkets are popular for lay bets. It’s also worth looking at Matchbook or Betdaq as an alternative betting exchange.
You can combine this offer with other horse racing reloads. If you’re hoping for a 2nd place refund – why not bet on the same horse for Bet365 4/1 offer and/or Betfair Sportsbook 3/1 SP offer.
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