There’s no stopping Ladbrokes at the minute and they’re back with another fantastic in play offer. Place a pre-match bet on Watford v Crystal Palace and Ladbrokes will give us a risk-free in play bet to the same stake (up to a maximum of £25.00) on the big match. These in play offers are the best around as there are big profits to be made. We can make a guaranteed minimum profit of £15.19 on this offer and here’s how…
Our in play bet will be risk-free. This means that we are required to place the in-play bet using our own funds and if this in play bet loses, Ladbrokes will refund it in full in cash (which is withdrawable straight away). It is worth noting that although the current odds for a draw (at the time of writing) are 3.40, this will usually drop slightly when the game kicks off and therefore I have adjusted the odds accordingly in the workings for the following example…
Place £25.00 (pre-match) on Watford @ 2.40 = Returns £60.00
Place £25.76 (in-play) on a draw @ 3.30 = Returns £85.01
Place £19.05 (pre-match) on Crystal Palace @ 3.15 = Returns £60.01
I’d like to add at this point that it’s always best to stick to round numbers when placing your bets as odd amounts such as £25.76 can easily be flagged up as a matched bet. You should instead place £25.00 in play on the draw with Ladbrokes and then place the extra £1.00 on a draw with another bookmaker, especially if you can get better odds elsewhere. Similarly, with the Crystal Palace bet, I would stick to round numbers and place £20.00 instead.
Let’s have a look at our profit/loss for the three potential outcomes…
| Outcome | Returns | Total Outlay | Overall Profit |
|---|---|---|---|
| Watford win | 60.00 + 25.00 (refund) = 85.00 | 69.81 | £15.19 |
| Draw | 85.01 | 69.81 | £15.20 |
| Crystal Palace win | 60.01 + 25.00 (refund) = 85.01 | 69.81 | £15.20 |
As you can see, no matter what the result of the game, we stand to make a guaranteed minimum profit of £15.19 on this Ladbrokes in play offer! How long did that take? 10 minutes?
If the odds change between now and kick-off, which is almost a certainty, it’s really easy to recalculate your pre-match stakes.
Start by working out your returns on the pre-match Watford bet. So if the odds on Watford have changed to 2.50, your returns on a Watford win would now be £62.50.
To work out your Crystal Palace stake, you would divide the £62.50 by the odds (in decimal form) for Crystal Palace. To work out your stake on the draw, you need to add the £25.00 refund to the £62.50 which gives you £87.50. All you then have to do is divide the £87.50 by the odds (in decimal form) for the draw to get your draw stake. Any problems, just give me a shout!
* These in play offers are by far the best around but for those of you who have never come across matched betting, there are so many more offers to profit from. I make over £500.00 risk-free profit every month from bookmakers’ offers just like this one. If you’re interested in finding out more, feel free to have a read of my matched betting guides. My blog is completely free to use! *
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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.