One of the biggest games in the English calendar brings another Ladbrokes offer not to be missed. If both teams score in the game between Chelsea and Arsenal, Ladbrokes will refund losing Match Odds (WDW), Correct Score, First Goalscorer and Half Time/Full Time bets up to a maximum of £25.00. Translated into matched betting terms, this gives us a guaranteed minimum profit of £5.76 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
Having looked at the odds available, I’ve opted to place my qualifying bet on a draw.
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges. We can calculate our lay stakes using the matched betting calculator.
Place £25.00 on a draw @ 3.50 = Potential profit of £62.50
Let’s have a look at our potential profit/loss for the three outcomes…
Score draw | +£62.50 – £63.55 = £1.05 loss |
0-0 | +£62.50 – £63.55 = £1.05 loss |
Not a draw and both teams score | -£25.00 + £23.95 + £20.00 (extract 80% from our £25.00 free bet) = £18.95 profit |
Not a draw and someone keeps a clean sheet | -£25.00 + £23.95 = £1.05 loss |
As things stand, if the game isn’t drawn and both teams score, we will make a profit of £18.95, but we’ll lose £1.05 on any other outcome. We now need to lay both teams to score at odds of 1.76. To work out our lay stake, we need to divide £20.00 by (lay odds minus 0.02), so £20.00 divided by 1.74 gives us a lay stake of £11.49.
Let’s have a look at our current profit/loss for the three outcomes…
Score draw | -£1.05 – £8.73 = £9.78 loss |
0-0 | -£1.05 + £11.26 = £10.21 profit |
Not a draw and both teams score | £18.95 – £8.73= £10.22 profit |
Not a draw and someone keeps a clean sheet | -£1.05 + £11.26 = £10.21 profit |
So now as things stand, as long as the game isn’t a score draw, we will make a minimum profit of £10.21. If the game is a score draw, we currently stand to lose £9.78. We now need to place a back bet on the match being a score draw at odds of 4.50. To work out our stake, we need to divide £20.00 by 4.50, so £20.00 divided by 4.50 gives us a back stake of £4.44.
Let’s have a look at our overall profit/loss for the three outcomes…
Score draw | -£9.78 + £15.54 = £5.76 profit |
0-0 | £10.21 – £4.44 = £5.77 profit |
Not a draw and both teams score | £10.22 – £4.44= £5.78 profit |
Not a draw and someone keeps a clean sheet | £10.21 – £4.44 = £5.77 profit |
So regardless of the result of the match, we will make a guaranteed minimum profit of £5.76 on this offer.
If you’re unsure how to extract 80% of our £25.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.