If you’re serious about maximising your matched betting profits, you’ll want to get involved with money back offers.

These offers are where a bookmaker will refund losing bets on an event if a particular outcome/trigger occurs.

You’ll see plenty of football money back offers on the big games and there are horse racing money back offers available every day. They’re a great string to add to our matched betting bow.

Finding an offer
The strategy for money back offers is the same for all sports, but for the purposes of this guide, I’ll be focusing on horse racing.

You’ll find details of all available money back offers on my Horse Racing Offers page, which is updated daily.

You’ll notice a number of different refund triggers offered by different bookmakers. Here are a few examples…

Some are more lucrative than others and we need to give consideration to a number of factors, such as the number of runners, the type of race and whether or not there is a clear favourite.

The following example explains how to take advantage of Coral’s ‘Money back as a free bet if your horse is beaten by a length or less’ offer.

As always, it’s important that we read the terms and conditions thoroughly before getting involved.

We just need to place a bet of £1.00+ on any selected UK or Irish flat race and if our horse is beaten by a length or less, Coral will refund our stake as a free bet, up to a maximum of £25.00.

Which horse should I choose?
It depends on the refund trigger as to which horse you go for. For example, if you’re doing a ‘Money back if 2nd to the SP Favourite’ offer, you’ll want to avoid betting on any horses that are likely to start the race as favourite.

Generally speaking though, the strategy for horse racing money back offers is to find some tight back and lay odds that minimise our qualifying loss. It’s then just a case of hoping we hit the refund trigger.

I’ve opted to place my qualifying bet on a big Saturday race from Ascot…