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William Hill refund if 2nd

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

The daily selected races can be found on William Hill website.

Screenshot of William Hill racing refund if 2nd

Important terms

The most important qualifying criteria are:

  • Qualifying bet a 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.

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.

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 5.50 odds 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. 
  • 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.

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.

Any questions about William Hill refund if 2nd offer? email