(Updated Version - Horse Racing Refunds)

Ben

7 Nov 2022

Updated: 15 Nov 2023

Horse racing refunds are extremely worthwhile doing if you’re looking to enhance your long term Matched Betting returns.

Every Saturday there are a number of horse races shown on ITV.

These races typically have a lot of free bet incentives associated with them.

There are also plenty of opportunities on each day of the week too, especially during major events like the Cheltenham festival.


Horse Racing Refund Offers

An example of this type of offer would be a bookmaker offering a £10 cash or a free bet if your horse finishes second.

(These offers can also be referred to as Matched Betting Money Back if X Horse Racing Offers).

To take advantage of this promotion, it is possible with our Matched Betting Calculator to back and lay a horse for only a tiny Qualifying loss in an attempt to get the cash or free bet(s).

If our horse doesn’t finish second we incur only the small loss (usually anything from 0p to 60p per £10 stake).

We then repeat this process on the next race with this promotion until a horse we’ve bet on finishes in second place and we get a free bet.

As soon as we get a free bet, we can use back and lay betting again to extract a return from the free bet.

This will usually more than cover our tiny losses and put us in a decent return.

Race 1: Our horse comes 4th, we are down a Qualifying Loss of -32 pence

Race 2: Our horse comes last, we are down a Qualifying Loss of -18 pence (total loss of -50p now)

Race 3: Nearly! Our horse wins, we are down a Qualifying Loss of -19 pence (total loss of -69p now)

Race 4: Our horse hits 2nd place! We get a £10 free bet and then use Matched Betting to extract a £7.86 profit from it no matter what.

Total profit = £7.86 - £0.69 = £7.17

You can see easily from this process that as long as Qualifying Losses are kept to a minimum (as per our guides), over time, this becomes a good way of Matched Betting.


How To Find Horse Racing Refund Offers

With so many bookmakers promoting these types of offers it can be difficult to know where to start.

Don't worry!

We do all the hard work to make it is easy for you!

You will find all the best horse racing refund offers that are available every day in the Reload Offers area.

Each offer listed has a detailed guide showing you exactly how you can complete the offer.


Different Types Of Horse Racing Refund Offers

There is a variety of horse racing refund offers for you to try.

All have a similar process but the events that trigger the refund can differ slightly.

Cash Back If Your Horse Comes in a Certain Place (or Places)

These offers are similar to the example above where you get a free bet if your horse finished 2nd.

This type of offer is even better as you get cashback rather than a free bet.

The place can be just 2nd, or it can be multiple places, such as 2nd and 3rd, or 2nd, 3rd and 4th.

The number of places offered is usually dictated by the number of horses running in the race.

The simplest way to complete this offer is to just do a normal Qualifying Bet on any horse which gives us a good Qualifying Loss - then just hope our horse finishes in the correct position – 2nd or 3rd in this instance.

So you make a return if your horse finishes in the specified position(s).

Free Bet If A Certain Horse Wins

This type of offer specifies if a certain horse wins, you will get a free bet.

In this example – if we bet on a horse in this race and it wins, we get a free bet up to £20.

The simplest way to complete this offer is to just do a normal Qualifying Bet on a horse that has close odds with the Betting Exchange to give us a low Qualifying Loss – preferably of around £1.50 or less in this instance. Then just hope our horse wins in order to get £20 free bet which we can use.

These are the most common type of horse racing refund offers.

You will find that some are MORE worth doing than others.

Again, our team will point out which ones are best for you to focus on each day.

There is another horse racing refund that stands out as the one that returns the most, this one is provided by Bet365…

The Ultimate Horse Racing Refund Offer?

Bet365 run a daily horse racing refund offer giving you the chance to unlock a £50 risk free bet.

If your horse finishes first at odds of 5.0 or above (note that your horse must be paid out at odds of 5.0 or greater) you will receive a £50 risk free bet on the next specified horse race.

This offer is a favourite among our members as it is very profitable.

However, it is advised not to do this offer every day as taking a lot of horse racing offers with Bet365 can get your account gubbed quickly.

You can learn how to take advantage of Bet365’s horse racing refund offer here.


How To Find Horse Racing Refund Bets

Match Catcher is our cutting-edge Matched Betting software designed to help maximise profits from horse racing refunds.


Like the Acca Catcher, access to Match Catcher is available to all Platinum and Diamond members.

Match Catcher can help make you a return from horse racing, saving time and keeping qualifying losses as low as possible.

Instead of searching through odds manually, up-to-date prices are available in one place and the lay stake is included, so a separate Matched Betting Calculator is not needed.

The Match Catcher allows users to set alerts, so they can be notified when a particular match is found - leaving you free to get on with your day instead of endless trawling and waiting to find a good match.

The key aspect is keeping the qualifying loss to a minimum and to remember it is a long-term strategy.

Over time, it will pay off by doing as many offers as possible.

Please feel free to ask our thousands of members in our Facebook Group who regularly do these offers every week just how good they can be!

You will find that there are horse racing refund offers almost every day but more at weekends and during high-profile events such as the Cheltenham Festival or the Grand National.


Match Catcher At Its Best

The Match Catcher really comes into its own during busy horse racing periods.

It's great at weekends when there are a lot of meetings and bookmaker offers and even better during Cheltenham week.

Millions of pounds are bet over the course of the festival and bookies fight tooth and nail for a slice of the action.

This means a vast array of betting offers, including refunds.

This is where the Match Catcher is so useful.

It features near real-time odds on all the qualifying markets and can be filtered by bookie and exchange to suit your preferences.

Users can use the alert feature to be notified when a match is found that fits a given criteria.


How To Use The Match Catcher

Just like the Oddsmatching software, Match Catcher allows users to filter results by bookmaker and exchange, as well as the facility to filter results by other criteria such as race time and market type.

You can filter by minimum and maximum odds and specify a maximum qualifying loss.

You can reset the filters using the 'clear' button at the top of the page.

Market availability shows how much liquidity is available in the exchange market.

The toggle columns dropdown box lets you choose the information you see and this can be particularly useful when using on mobile or tablet.

When you have found a match you like, you can click the links in the software to take you straight to the market for the bet with the bookie or the exchange.

Use 'save events' to monitor a bet in a particular market and 'alerts' to be notified when a match meets your criteria.

This produces an audible and visual alert every time a match is found that meets your criteria - and this also works on mobile.


Want To Find Out More About Matched Betting?

Why not ask our members yourself?

Our Facebook Group, which currently has over 40,000 members is a great place to get answers and ask for help, especially if you are completely new to Matched Betting.


Interested In Getting Started Matched Betting?

You can start learning with our completely free trial

Alternatively, upgrade to our Platinum Membership here