Paddy Power Offer – Royal Ascot 2022 (Day 5)

It’s Day 5 of Royal Ascot 2022 on Saturday, and you don’t want to miss this Paddy Power cashback offer! Place a bet up to £10.00 on the 2.30pm Royal Ascot and get your money back as a free bet if your horse finishes 2nd, 3rd or 4th. Translated into terms of suited bets, this gives you a potential profit of £7.24 and here’s how…

Key words

  • Place a bet up to £10.00 on Royal Ascot from 2.30pm (Saturday 18th June 2022).
  • Applies to single bets placed between 4:00 p.m. on Thursday June 16, 2022 and 2:30 p.m. (race-off) on Saturday June 18, 2022.
  • Applies to singles winnings and winning leg of back and forth bets.
  • Refund in the form of a free bet up to €10 if your horse finishes 2nd, 3rd or 4th.
  • 6+ riders required for “Refund if 2nd, 3rd or 4th”.
  • 5 runners or less and Paddy Power will refund you if you are 2nd or 3rd.
  • Maximum £10 free bet refund per customer per race.
  • Your free bet will be credited within 2 hours of the end of the race if eligible.
  • Your free bet will be valid on horse racing for 7 days.
  • Free bet stake will not be returned with winnings.

Qualifying bet

Please see my guide to qualifying bets if you want more information about them and how they work.

It’s up to you which horse you choose, but it would make sense to select a horse with relatively short odds in hopes of a 2nd, 3rd, or 4th place finish.

At the time of writing, Alfred Munnings is available at return chances of 2.00 (peers) and lengthen chances of 2.14.

You can calculate your lengthen stakes using my matched betting calculator…

As you can see, the calculator tells you that your lengthen the issue should be €9.43

Placing £10.00 on Alfred Munnings @ 2.00 = potential profit of £10.00

Drop £9.43 on Alfred Munnings @ 2.14 = £10.75 potential liability


Let’s look at your potential profit/loss for possible outcomes…

Results power of rice Swap Free bet loss of profit
Alfred Munnings wins +£10.00 – £10.75 £0.75 loss
Alfred Munnings completes
2nd, 3rd or 4th
– £10.00 + €9.24 +£8.00 £7.24 profit
Any other result – £10.00 + €9.24 £0.76 loss

As you can see, you will make a handsome profit of £7.24 if Alfred Munnings finishes 2nd, 3rd or 4th. You will lose a maximum of £0.76 on any other outcome. Risking £0.76 to make a potential profit of £7.24 gives you effective odds of 10.53, which I’m sure you’ll agree makes it a profitable long-term offer.

If eligible, your free bet will be credited within 2 hours of the end of the race and valid at any horse market for 7 days.

Please see my free bet guide if you are unsure how to convert your £10.00 free bet to £8.00 cash (80%).

Get this deal at Paddy Power