Ladbrokes Offer – Tottenham v Manchester City

Another big match brings another Ladbrokes offer not to be missed. If both teams score in the game between Tottenham and Manchester City, 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 £6.24 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.

ladbrokes

Place £25.00 on a draw @ 3.75 = Potential profit of £68.75

smarkets whiteLay £24.48 on a draw @ 3.85 = Potential liability of £69.76

Let’s have a look at our potential profit/loss for the three outcomes…

Score draw +£68.75 – £69.76 = £1.01 loss
0-0 +£68.75 – £69.76 = £1.01 loss
Not a draw and both teams score -£25.00 + £23.99 + £20.00 (extract 80% from our £25.00 free bet) = £18.99 profit
Not a draw and someone keeps a clean sheet -£25.00 + £23.99 = £1.01 loss

As things stand, if the game isn’t drawn and both teams score, we will make a profit of £18.99, but we’ll lose £1.01 on any other outcome. We now need to lay both teams to score at odds of 1.73. To work out our lay stake, we need to divide £20.00 by (lay odds minus 0.02), so £20.00 divided by 1.71 gives us a lay stake of £11.70.

smarkets white

Lay £11.70 on Both Teams to Score @ 1.73 = Potential liability of £8.54

Let’s have a look at our current profit/loss for the three outcomes…

Score draw -£1.01 – £8.54 = £9.55 loss
0-0 -£1.01 + £11.47 = £10.46 profit
Not a draw and both teams score £18.99 – £8.54= £10.45 profit
Not a draw and someone keeps a clean sheet -£1.01 + £11.47 = £10.46 profit

So now as things stand, as long as the game isn’t a score draw, we will make a minimum profit of £10.45. If the game is a score draw, we currently stand to lose £9.55. We now need to place a back bet on the match being a score draw at odds of 4.75. To work out our stake, we need to divide £20.00 by 4.75, which gives us a back stake of £4.21.

betvictor

Place £4.21 on a score draw @ 4.75 = Potential profit of £15.79

Let’s have a look at our overall profit/loss for the three outcomes…

Score draw -£9.55 + £15.79 = £6.24 profit
0-0 £10.46 – £4.21 = £6.25 profit
Not a draw and both teams score £10.45 – £4.21 = £6.24 profit
Not a draw and someone keeps a clean sheet £10.46 – £4.21 = £6.25 profit

So regardless of the result of the match, we will make a guaranteed minimum profit of £6.24 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

Matt KirmanMatched 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.