It’s Ladbrokes free bet time again! Money back as a free bet (maximum £25.00) on losing first goalscorer, correct score and scorecast bets if Ronaldo scores at anytime in the Champions League final between Real Madrid and Atletico Madrid. Translated into matched betting terms, this gives us a potential profit of £16.92! And here’s how…
Whenever I do these Money-Back Special offers, I always stick to the correct score market. I find the liquidity at the betting exchange is far better than goalscorer markets and I just feel more comfortable here.
We need to select a correct score that sees Atletico Madrid keep a clean sheet. This ensures that if Ronaldo scores anytime, we will be eligible for the free bet as our initial bet will have lost. Having looked at the odds on offer, I’ve opted for a 0-0 draw.
Step 1:
Place £25.00 on 0-0 draw @ 9.00 = Potential profit of £200.00
Lay £23.08 on 0-0 draw @ 9.80 = Potential liability of £203.10
Step 2:
Let’s have a look at our potential profit/loss for the various outcomes…
|
0-0 draw |
+£200.00 – £203.10 = £3.10 loss |
|
Not 0-0 draw + Ronaldo scores |
-£25.00 + £21.92 + £20.00 (extract 80% of free bet) = £16.92 profit |
|
Not 0-0 draw + Ronaldo doesn’t score |
-£25.00 + £21.92 = £3.08 loss |
So we will make £16.92 profit if Ronaldo scores anytime! If Ronaldo doesn’t score anytime, then we stand to lose a maximum of £3.10, which I’m sure you’ll agree is a risk worth taking as the odds of Ronaldo scoring anytime are currently 2.20!
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.