Neds Backup

Fancy a $500 refund netting you potentially over $450 profit?

Using our calculator you can quickly identify if you have found a suitable bet to take advantage of Neds 'Back Up' Offer.

Neds Backup

The Offer

Neds Backup - Tap 'Back Up' and choose a backup runner. If your backup finishes 1st and your bet places 2nd, they will refund your stake up to $500

Neds Backup

How Can I Make Money?

Step 1 - Find a horse, greyhound or harness race with 2 clear favourites.

Step 2 - Aim to find a race where the clear 2nd favourites odds at Neds closely matches the 'lay odds' at Betfair using Matcha

Step 3 - Back your horse at Neds having selected your 'back up' horse

Step 4 - Lay your horse on Betfair (just the horse you backed at Neds. You don't lay the backup horse)

Step 5 - If your horse comes second to the favourite then count your profit

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What is the Expected Value of this offer?

Expected Value can be over $100 for a $500 bet if you are able to find a suitable selection

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The Method In More Detail

How To Take Advantage

When you have found a suitable race then enter the back and lay odds as well as the lay odds into the calculator above.

Useful pointers

  • The number of 'back ups' you receive is account dependent.
  • The lower the odds of both the horse you back and the backup horse the greater Expected Value
  • This offer suit a race with 2 clear favourites.
  • The highest expected value can be achieved by betting on the second favourite with the favourite as the backup
  • To achieve greater EV you want the back and lay odds of the horse you are backing to be as close as possible. Use Matcha to help identify these horses
  • The back odds of the 'backup' horse don't matter but the lay odds of this horse do. The lower the odds are the greater EV
  • The fewer horses in the race the better only because there is likely to be lower priced horses

What you will need

  • An active non-promo banned Neds account
  • Betfair Account
  • Matcha Software

Skill Level

Intermediate

Risks Involved

Placing many 'back up' bets using this promotion may increase your chances of a promo ban

 

Neds Backup

Terms Of The Offer

Full terms of the offer can and should be checked on the Neds site here are a couple of key terms of the offer as displayed on Neds page on Friday 5th October.

Back Up - Tap 'Back Up' and choose a backup runner. If your backup finishes 1st and your bet places 2nd, we will refund your stake up to $500.

  • Get a second chance with Back Up, for Fixed Odds Win-only betting.
  • Stake returned if your Back Up selection finishes first with your bet placing second.
  • Available on selected Australian and New Zealand horse, harness and greyhound racing where the 'Back Up' icon is visible.
  • Maximum stake refund $500.
  • Full Back Up terms and condition apply.

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With the Bonus Money Pro service, we can take anyone including you no matter your level of knowledge and show you how to add hundreds of dollars extra profit per week.

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