They’ve raised the bar once again with moneyback specials for the Cheltenham Festival. Ireland’s leading online betting company, Paddy Power, have just blown away the competition again this year by announcing that they will give money back on all losing bets on the Supreme Novices’ Hurdle if Dunguib wins the race. Paddy Power will give cash back on win singles and the win part of each way singles. Simply put; this is the most generous cashback special offering of any bookmaker in the history of online betting.
I’ll try not to bore you but to explain why this is so generous I’ll give you a little maths. Dunguib is currently priced at 10/11 and, if this was a 100% book, then we could say that the horse has a 52.3% chance of winning the race. In reality it is not a 100% book but the fact remains that Dunguib has approximately a 50% chance of winning; meaning that Paddy Power have a 50% chance of making the biggest moneyback payout in online betting history.
Even without the cashback special, Menorah is the value bet in this race, so I would strongly advise opposing the favourite with a punt on this classy animal. With the evergreen Richard Johnston onboard and the anally retentive PJ Hobbs doing the groundwork this horse will be well prepared to run a big race. Menorah’s last run was at Ascot on Feb 20th, resulting in defeat for the 5 year old who started the race at 1/2. Anyone who watched the race would have seen the horse smack the last fence, putting paid to his chances. 
Current race odds from
Basically sticking a pin in the paper for this race represents value when betting with Paddy Power. The refund on the win part of each way singles means that the value lies largely in the each way market. Genie will be backing a few runners in the race and he suggests you do the same. Remember, even if they all lose, you have a greater than 50% chance of getting your money back.
Paddy Power, with their Dunguib money back special, have once again put their neck on the line. They are certainly the best online betting company at drumming up publicity. They might be riding for a severe hiding on this one.
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