paddy power money back if win
Paddy Power regularly offer money back on eligible bets if a nominated team wins the match and your bet loses.
For example, if you placed a bet on a first goalscorer in the Chelsea v West ham match and your bet lost but Chelsea won, Paddy Power would refund your stake as a free bet.
To qualify for the offer, you must place a bet on eligible matches and markets which are specific to the offer. Usually, the eligible markets are First Goalscorer, Last Goalscorer, Anytime Goalscorer, and Correct Score.
There are two different matched betting methods you can use for this offer. One which you can lock in a profit with and one which you would treat as advantage play.
money back if win key terms
advantage play method
This is the easiest and most used method for this offer and simply involves placing a back bet and a lay bet on a selection.
Your bet needs to be on one of the eligible markets but some markets are more favourable than others depending on which team is required to win.
For example, if the offer was:
'Bet £10 on Chelsea v West Ham and get your stake back if your bet loses and Chelsea win'
You wouldn't want to place any bets that would win if Chelsea won as you wouldn't trigger the refund. Instead, find a match on a market which would result in your bet losing if Chelsea won. For example, a correct score such as 0-0, 1-1 (draw) or 0-1, 1-2 (West Ham win).
Once you have found a good match, simply place your £10 bet with Paddy Power and lay your bet on a betting exchange.
If Chelsea win then your bet should lose and so you will receive a £10 free bet.
Your overall profit would be anything that you make from your free bet (estimated £8) minus your qualifying loss.
Try to keep qualifying losses to a minimum. You may be able to gauge how likely a team is to win in order to determine an acceptable qualifying loss but anything under £1 is usually ok.
lock in method
To profit from this method, the odds must be favourable. The profit you will make is generally quite small and usually in the region of £0.50 - £3.50 and so it is up to you whether you opt for this method over the one above.
With this method, we'll be using a trigger bet calculator. You can find these on matched betting sites such as Profit Squad and OddsMonkey.
For this method to work, your qualifying bet must lose should the team win and so always bet on a correct score which doesn't result in the nominated team winning.
Once you have found a match on a suitable correct score, enter the details into the trigger bet calculator to view what your profit would be.
In the calculator above, the details we entered were:
- £10 stake
- Back odds on correct score: 8.0
- Lay odds on correct score: 8.5
- Lay odds on team to win: 2.0
This bet would return a profit of around £3.20 regardless of the result based on making £8 cash from our £10 free bet should we receive it. If we don't trigger the free bet then we will still make the same profit from our lay bets.