Royal Ascot money-back offer

  • Last Updated: June 13 2014, 9:43 BST

Sky Bet have announced that they will be handing money back if the favourite wins the first race on every day at Royal Ascot next week.

Toronado: Likely hot favourite for the Queen Anne
Toronado: Likely hot favourite for the Queen Anne

Stakes up to £25 will be returned as free bets if the market leader comes good.

The first race of the meeting is the Queen Anne Stakes on Tuesday for which Toronado is currently a 5/4 favourite so the offer looks sure to prove popular with punters.

The offer will also apply to the Jersey Stakes (Wednesday), Norfolk Stakes (Thursday), Albany Stakes (Friday) and Chesham Stakes (Saturday).

Sky Bet's head of racing Seb Butterworth said: "This is a great offer for punters to latch onto.

"We could well have a favourite going off at odds-on in the Queen Anne and the money-back offer makes backing an outsider in that race much more attractive.

"It promises to be a cracking meeting next week and we hope this helps our customers enjoy it even more."

The Leeds-based firm are also planning to offer extra places in at least race on each day of the five-day meeting.

Their popular Price Boost scheme will also be offering certain high-profile selections at a boosted price throughout the week.