Many bookmakers have started to run refund offers for existing customers as a way to promote interest on a certain football game for example. These offers can be used as a way to make money without any risk by using the method described in the matched betting guide section of this site. Basically by using a method similar to arbitrage betting a profit can be made from these refund offers.

Below are a list of different type of offers and how a profit can be made from them.

First goal scorer offers
Bet on the 1st Goalscorer in the Liverpool v Man United match (example) and we’ll pay BOTH 1st & 2nd scorers as winners.
Method: Back and lay a first goalscorer (for example Rooney 5.5/5.5) where there is a close match, this will usually result in a small loss. If Rooney goes onto score the second goal in the match we will pay out Rooney as if he had scored the first goal.
Based on the above example there would be a loss of £0.41 (5% commission) for each £10 placed on Rooney as first goalscorer, however this would qualify for the refund offer and return £45 (winnings less stake) for every £10 placed on Rooney if the offer is successful.

Correct score refund offers
We’ll refund your losing Correct Score bet(s) on ALL Premiership matches that finish 0-0.
Method: Back and lay a correct score other than 0-0 (for example 1-0 7.5/7.5) where there is a close match, this will usually result in a small loss. If the match ends 0-0 we will refund your losing stake (for example 1-0).
Based on the above example there would be a loss of £0.44 (5% commission) for each £10 placed on 1-0 as the correct score, however this would qualify for the refund offer and return £10 (your stake) for every £10 placed on the 1-0 correct score if the offer is successful.

First goal within 10 minutes offer
Have a bet on the First Goalscorer and if the first goal is scored within the first 10 minutes, we will also pay out on the second goalscorer as a winner.
Method: Back and lay a first goalscorer (for example Rooney 5.5/5.5) where there is a close match, this will usually result in a small loss. If Rooney goes onto score the second goal, after there has been a goal in the first 10 minutes of the match we will pay out Rooney as if he had scored the first goal.
Based on the above example there would be a loss of £0.41 (5% commission) for each £10 placed on Rooney as first goalscorer, however this would qualify for the refund offer and return £45 (winnings less stake) for every £10 placed on Rooney if the offer is successful.

Last goalscorer offers
If either Liverpool’s Daniel Sturridge or Romelu Lukaku of Everton score the last goal of the upcoming Merseyside Derby, Paddy Power will refund all losing 1st/last goalscorer, correct score & score cast singles on the match.
Method: Back and lay a first goalscorer or correct score (for example 0-0 8.5/8.5) where there is a close match, this will usually result in a small loss. If either Sturridge or Lukaku score the last goal in the match we will refund your losing bet (in this case the 0-0 bet).
Based on the above example there would be a loss of £0.44 (5% commission) for each £10 placed on the 0-0 correct score, however this would qualify for the refund offer and return £10 (stake) for every £10 placed on the 0-0 correct score if the offer is successful.