The 2nd Place Horse Refund is a cash back promotion from William Hill that gives punters a third outcome (win, lose or money back as a free bet) on their horse racing bets.
As well as getting free bets from William Hill, there is also a chance to get free bets up to a maximum of £50.00 from bet365 (you can open a bet365 account here and claim £200.00 welcome bonus).
Using the bet365 ITV Racing 4/1 offer, if you back a horse at odds of 4/1 (SP) or greater on a live ITV race, you will get a free bet to the same value to use on the next live TV race.
How the William Hill 2nd Place Horse Refund Works
This offer only applies to bets placed using William Hill’s mobile app on races that are live on ITV. The first bet you place on the qualifying race, will be the bet that qualifies for the 2nd place refund, and the maximum refund available is £25.00 per race (the refund comes in the form of a free bet).
Whenever there is live racing on ITV, this offer kicks in. This means every Saturday afternoon, and every time there is midweek racing on, we can use this promotion. Midweek racing is generally at its best when there is a festival on, like the Cheltenham Festival, Aintree or Ascot, etc.
In order to use this promotion you will need a William Hill mobile phone app. Once signed up, click on the ‘Mobile’ tab at the top right hand side of the home page, and download the app from there – and you are now ready to go.
Key Points To Note Are –
- Your first bet on that race is your qualifying bet.
- The bet must be placed using the William Hill mobile app.
- The maximum refund amount you can get is £25.00.
- The refund comes in the form of a free bet.
- There must be a minimum of 5 horses in the race for it to qualify for this promotion.
How To Make Money From The William Hill 2nd Place Horse Refunds
If you are a sports betting trader, then this promotion is also for you, as you can get yourself endless £25.00 free bets, virtually risk free.
First you will need a Betfair account to lay the horse on (you can open a Betfair account here and claim a £30.00 in Free Bets). Then what you need to do is find horses where the odds are slightly lower on Betfair (than on William Hill) – ie, a horse that is 2/1 on William Hill, and slightly lower on Betfair, 15/8, 7/4 etc.
Note, if the odds on Betfair are higher than William Hill, you will lose a few pence or a pound or so placing the back bet (on William Hill) and the lay bet (on Betfair). This is why you need to try and find horses, where the odds on Betfair are lower than on William Hill.
Once you have done this, you need to place £25.00 on the horse on William Hill. You then need to lay it on Betfair for £25.00, this ensures you don’t lose your £25.00. Tip – try and find low odds horses such as 2/1, 3/1, etc – at low odds such as these, the horse obviously has a chance to come in the first two.
Then you need to hope the horse comes second. If it does, then bingo, you have a £25.00 free bet to use. If it doesn’t, you should break even.
This obviously could be a very long winded way of doing things (you could go numerous races without a 2nd place), but if you are a trader, this is just another risk free technique to apply to your money making efforts.
Another tip – if you are unsure of how to do this, then start off with smaller stakes (such as £5.00 a race) until you are confident in what you are doing.