Neds BackUp Calculator
Every day, Neds offers us a selection of promotions in their ‘Toolbox’. The promotion which has the highest expected value is their ‘BackUp’.
The BackUp allows you to select a second horse in addition to the one you are betting on. If that backup horse wins, and your horse finishes 2nd, Neds will refund your stake up to a maximum of $500.
With some careful race selection, and the help of our calculator, you can achieve expected returns of 40%, or more, of your stake
The top section of the BackUp calculator works just like a standard matched betting calculator. It calculates the appropriate lay stake based on your back and lay odds.
It is in the bottom section that we find the interesting info…
Once the odds of the backup horse have been entered, the calculator works out your possible returns and the expected value of the bet.
By only placing the bets that have the highest expected value, Bonusbank members can ensure that they maximise their long-term profits.