Refund offers in Horse Racing
Refund offers are lucrative options in betting circuit that you can use to earn a higher margin of profits. There are, in general, several types of offers available at the bookmakers. Through experience and an improved expertise, you gain a position to choose the right ones for you. Like other fields, horse racing too is flooded with various categories of refund offers. It is practically helpful to know some of the basics of refund offers in horse racing before you delved into its dynamics.
It is a Daily offer
The refund offer in horse racing is basically a daily offer. Most of the top bookmakers have them in place for punters. There are consistently run and managed.
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The basic premise
In the ongoing context, the main premise of a refund offer is you are promised a specific refund in the form of a ‘free bet’ when something in particular happens in a horse race. You have to consider the occurrence of a specific event in the race in order to get the benefits of the offer. There might be some risk in the offer, but at the same time, there is also ample scope to reduce the incidence of risk.
Going for a long term strategy
It is advised to play for the refund offers in the long run. You would get more chances to earn big, and also mitigate the associated risk. You would be certainly in a strong position to build and implement the requisite strategies to profit from the offers.
The more offers you complete daily the more likely you’ll hit a refund and profit with matched betting.
Refund offers on horse racing with matched betting is certainly a volume game, the more horses you can match bet on across multiple bookmaker accounts that are offering the refund offers, the more likely you are to qualify for the free bet.
Cover more horses running the same race.
The more horses you cover in each race, the more likely you are to hit a refund. For example, let’s say William Hill is offering you a £25 refund if your horse finishes 2nd in the race taking place at 15:00 pm at Cheltenham. If you find a close match between William Hill any betting exchange to lay your bet go for it. Furthermore, if you spot another horse in the same race where the back and lay odds are also close, why not bet on that horse too? That way you have increased your chances of triggering the refund as it’s more likely that either horse will come 2nd rather than just hoping for one horse to come in 2nd place.
Targeting the big events
If you want to gainfully, or to the maximum possible extent from the refund offers in horse racing, then you need to definitely go for the big events, like a reputed tournament, to utilize the potential of the refund offers. Big events include weekend horse racing and festivals such as Cheltenham and the Grand National.
Keep a watch on weekend offers
There are various kinds of offers thrown to the customers each and every day. But offers with greater scope to earn profits and with more lucrative opportunities are run during the weekends. Hence, it is rational to pick an offer in the weekend and play accordingly. Another great reason why making money online with matched betting is the perfect side hustle.
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A key strategic aspect
Keep in mind, you should try to contain the qualifying loss as minimum as possible. This is a crucial element in long-term strategy of utilizing refund offers. In the long run, the strategy would certainly give you a pay-off, mitigating all possible risks in the offers.
Using a matched betting calculator
When you play bets using the refund offers in horse racing, just like any other offer, it is very important to use a reliable calculator in order to predict and assess various levels of profit amounts that you could win. You can enter relevant data and calculate, and note down the results. This would help you to set a budget.
Related article: Try our Free Matched Bet Calculator
Exercise some patience before grabbing a refund offer. It is wise to do a comparative analysis of different refund offers, going through the terms and conditions of each of them, before investing in one of those.
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