Paddy power royal ascot offer | betting tips for Coronation stakes group 1 race

The schedule for day four of the Royal Ascot is truly mouthwatering. So naturally, we are in for a great day of horse racing, as well as a great day of betting opportunity! For the latter, you may wish to place a few bets with the use of bonuses instead of your own funds. This can be done through things like the current Paddy Power Royal Ascot offer, open to brand new customers. Of course, Paddy Power is a top-level bookmaker for horse racing in general too, which makes the decision to sign up and bag the bonus even more justifiable.

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Bonus & offer details:

Bet £20 and get it back as Cash if it Loses

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New customers only. Place your FIRST bet on any Football market and if it loses we will refund your stake in CASH. Max refund for this offer is £20. Only deposits made using cards will qualify for this promotion. T&Cs apply.

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With that said, it’s useful to be aware of the full details of the offer in order to use it for today’s races. That’s why we’ve described the offer below, followed by some prime tips for the main races over the coming hours. So - ready to learn the details of the bonus and take advantage of it? Let’s jump into it now.

The Paddy Power Royal Ascot offer broken down

At the time of writing, the Paddy Power offer involves a £20 moneyback offer. To get this bonus, you must register while applying our exclusive promo code. This is what triggers the larger welcome incentive, which applies to a losing first bet. Let us explain. If you backed a horse to win the Commonwealth Cup today with odds of 3.00, you could gain a return if your chosen horse does indeed win. This would lead to a payout of £60, including your stake.

But if the horse doesn’t win, usually, you’d simply lose the £20 bet. This isn’t the case with the Paddy Power Royal Ascot offer. You will actually receive a 100% refund if your bet loses. Not many sites have such a terrific incentive ahead of day four of the Royal Ascot. So you should certainly look at claiming and using the bonus when you can.

Where to apply the Paddy Power Royal Ascot offer - top tips

Although you can get a £20 free punt through this offer, that doesn’t mean that you should go and spend it on any random market. The same care and attention should be put into the research process to find the most valuable bets. Alternatively, you can back the tips shown below since the research has already been done. Note that the tips displayed are all for the Coronation Stakes since this is the biggest event of the day.

Overall winner - Homeless Songs - 4.5 odds

Of the many horses competing in this race, we do feel that Homeless Songs is the best moneyline pick. She is the second-favourite to take a win here, and you only need to look at the recent form to understand why. With two big wins in 2022, Homeless Songs is looking good, and we think she will upstage the favourite. 

Each-way bet (1) - Cachet - 6.50 odds

Alternatively, you could make an each-way wager for a horse to either win or place. In this instance, we do believe that Cachet is the best option, especially with odds of 6.50. Cachet has placed in five of her previous six races, so the statistics do justify the bet. 

Each-way bet (2) - Inspiral - 3.00 odds

Finally, another each-way option is Inspiral. This horse is phenomenal, everyone knows that. But while she is the favourite to win the Coronation Stakes, we believe that an each-way wager is a better choice. Sure, she’s won all races to date, but she hasn’t actually taken to the track since October 2021 - so there will be some rust!