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William Hill refund if 2nd matched betting guide

William Hill offer a refund as cash if your horse finishes 2nd in specific races.

Check the William Hill website for details of the daily selected races.

Screenshot of William Hill racing refund if 2nd

Important terms

The most important qualifying criteria are:

  • This offer is now 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 (4.00)
  • Minimum stake £1 and maximum stake £10 per race
  • This offer applies to selected races only
  • There must be at least 4 runners in eligible races. If a non runner reduces the field to less than 4 horses, your bet will not qualify.

Promotion terms: William Hill – check the promotions page for full details.


Now let’s run through the optimal matched betting strategy.

Stage 1: Choose a horse

Check William Hill and the betting exchange for a close odds match. You want a minimal difference between back and lay odds. Alternatively, use Oddsmonkey OddsMatcher or Racing Matcher to find the best odds at Hills on horse racing.

A lower odds horse (odds of around 4.00) is more likely to finish second than a horse with higher odds (10.00+ odds).  Therefore, look for a horse with the odds range of 4.00 to 7.00.

Ideally, you would bet on a race with a comparatively small field (minimum 4 runners). Naturally, this will increase your chances of triggering a refund.

Stage 2: Place your qualifying bet

Bet £10 on a horse at William Hill. In this example, we place a £10 back bet on Advertise in the 1.35 Ascot. This is a 17-runner race. Ideally, we’d look for a race with fewer runners, but this a good odds match at 5.50 back/5.50 lay at the time of bet placement.

I try to place the qualifying bet as quickly as possible, as the odds are fast moving on a busy day of racing.

Screenshot of William Hill refund if 2nd qualifying bet

Stage 3: Placing your lay bet

Now you need to cover your back bet with a matching lay bet. So, place the relevant lay stake at the betting exchange. We will lay £10 on Advertise at odds of 5.50 on Smarkets.

Screenshot of lay bet - Advertise 1.35 Ascot

We’ve managed to take £0 qualifying loss on our qualifying bet. Now let’s look at the potential outcomes.

Possible outcomes

  • If your does not finish in second place: you may incur a small qualifying loss. (in the above example the qualifying loss was zero)
  • If the horse finishes second: (in a 4+ runner race), you’ll get your stake (up to £10) refunded as cash within one hour of the race ending. Your total profit would be: stake minus a small qualifying loss.

This offer is more attractive than a free bet promotion. If the refund triggers, William Hill credit your account with cash. So there’s no need to find and place any follow-up bets.

Useful hints

The majority of matched bettors seem to use Betfair or Smarkets to lay horse racing bets. It’s also worth looking at Matchbook or Betdaq as an alternative betting exchange. The amount of liquidity often varies across each exchange – sometimes you’ll find a better lay price at a particular site.

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 with Bet365 4/1 offer and/or Betfair Sportsbook 3/1 SP offer.

Any questions about William Hill refund if 2nd offer? email or get in touch via the social media icons at the top of the page.

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