It’s Day 3 of Goodwood Festival 2022 on Thursday, and you don’t want to miss this Paddy Power money back offer! Place a bet of up to £10.00 on the 14:25 Goodwood and get your money back as a free bet if your horse finishes 2nd, 3rd or 4th. Translated into matched betting terms, this gives you a potential profit of £6.49 and here’s how…

## Key terms

• Place a bet of up to £10.00 on the 14:25 Goodwood (Thursday 28th July 2022).
• Applies to single bets placed between 14:00 on Tuesday 26th July 2022 and 14:25 (race-off) on Thursday 28th July 2022.
• Applies to win singles and the win part of each way bets.
• Money back as a free bet up to £10 if your horse finishes 2nd, 3rd or 4th.
• 6+ runners required for ‘Money back if 2nd, 3rd or 4th’.
• 5 or fewer runners and Paddy Power will pay ‘Money back if 2nd or 3rd’.
• Maximum free bet refund of £10 per customer per race.
• Your free bet will be credited within 2 hours of the end of the race if eligible.
• Your free bet will be valid on horse racing for 7 days.
• The free bet stake will not be returned with any winnings.

## Qualifying bet

It’s entirely up to you which horse you go for, but it would make sense to select a horse with relatively short odds in the hope of a 2nd, 3rd, or 4th place finish.

At the time of writing, ‘Royal Scotsman‘ is available at back odds of 2.375 (11/8) and lay odds of 2.76.

You can calculate your lay stakes using my Matched Betting Calculator.

As you can see, the calculator tells you that your lay stake should be £8.67.

Place £10.00 on Royal Scotsman @ 2.375 = Potential profit of £13.75

Lay £8.67 on Royal Scotsman @ 2.76 = Potential liability of £15.25

## Outcomes

Let’s look at your potential profit/loss for the possible outcomes…

As you can see, you’ll make a nice profit of £6.49 if Royal Scotsman finishes 2nd, 3rd or 4th. You’ll lose a maximum of £1.51 on any other outcome. Risking £1.51 to make a potential profit of £6.49 gives you effective odds of 5.30, which I’m sure you’ll agree, makes this a profitable offer in the long run.

If eligible, your free bet will be credited within 2 hours of the race ending and valid on any horse racing market for 7 days.

Please see my free bets guide if you’re unsure how to convert your £10.00 free bet into £8.00 cash (80%).

Get this offer at Paddy Power