Matched betting is a popular and low-risk method of making money online by taking advantage of bookmaker promotions and free bets. One such promotion is the "Run 2nd or 3rd" offer, which is offered by many bookmakers and provides a $50 bonus bet if your selected horse finishes in either second or third place.
Here is how to matched bet this promotion:
Find a suitable event: Look for a horse racing event that has the "Run 2nd or 3rd" promotion available. You should also look for a race with a large field of runners to increase your chances of your horse finishing in second or third place.
Select a horse: Choose a horse that you believe has a good chance of finishing in second or third place. You can use websites like Racing Post to find information on form, jockey, and track conditions.
Place a back bet: Place a bet on your selected horse to win at a bookmaker that is offering the "Run 2nd or 3rd" promotion. Make sure to stake an amount that will qualify you for the bonus bet, which is usually $50.
Place a lay bet: Place a lay bet on the same horse at a betting exchange like Betfair. The lay bet should be for the same amount as your back bet, and it is used to offset your potential losses in case your horse doesn't finish in second or third place.
Wait for the race to finish: Watch the race and see if your horse finishes in second or third place. If it does, you will receive a $50 bonus bet from the bookmaker.
Use the bonus bet: Use the bonus bet to make a back bet on another race or event, and repeat the process of placing a lay bet to offset any potential losses.
By using matched betting in this way, you can take advantage of bookmaker promotions like "Run 2nd or 3rd" and make a profit with minimal risk. Just remember to always read the terms and conditions of the promotion carefully and to bet responsibly.
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