Money back as Cash if 2nd or 3rd

SkyBet offer a similar promotion to virginBet where they offer CASH back instead of a freebet if your chosen horse places 2nd or 3rd. Todays race is 13:30 at Newbury and is never the same race as virginbet offer so you cant hedge your bet to try and catch the race with 2 runners.
Todays race is a Handicap Hurdle over 2m 3f and they dont offer BOG (Best Odds Guaranteed)
Using stats from Adrian Masseys website the following can be assumed to be true as he is meticulous when he complies his stats.
From 2003 to 2022 there were 17720 handicap hurdle races run in Great Britain of these just 29% of favourites won and 57% placed. 
Newbury has hosted 281 handicap hurdle races where just 28% of favourites won and 55% placed giving a slightly less chance here of the favourite either winning or placing here as opposed to the overall chance of 86%
It looks like SkyBet have chosen their race well in that they have a 72% chance of the favourite not winning. That being said however there is a statistical chance of you either winning or getting your cash back of 83%

I have backed the favourite Inneston at odds of 3.25 for a fiver