It’s time for another Ladbrokes free bet offer! Simply place a bet on the Ryder Cup 2014 (Top European Player, Top USA player or Correct Score) and if USA win the trophy, Ladbrokes will refund all losing bets on these markets as a free bet up to a maximum of £25.00. Translated into matched betting terms, this gives us a potential profit of £7.46 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walkthrough guide on how to place your qualifying bets.
Whenever I do these Ladbrokes free bet offers, I always stick to the correct score market. I find the liquidity at the betting exchange is far better than other markets and I just feel more comfortable here. We need to select a scoreline that isn’t a USA win. This ensures that if USA win the trophy, we will automatically qualify for a free bet refund as our qualifying bet will have lost. It’s entirely up to you which score you go for. Having looked at the odds available, I’ve opted for a 14.5 – 13.5 win to Europe.
Place £25.00 on Europe 14.5 – 13.5 @ 10.00 = Potential profit of £225.00
Lay £21.83 on Europe 14.5 – 13.5 @ 11.50 = Potential liability of £229.22
Let’s have a look at our potential profit/loss for the three outcomes…
| Europe 14.5 – 13.5 | +£225.00 – £229.22 = £4.22 loss |
| Not Europe 14.5 – 13.5 and USA win | -£25.00 + £20.76 + £20.00 (extract 80% from our £25.00 free bet) = £15.76 profit |
| Not Europe 14.5 – 13.5 and USA don’t win | -£25.00 + £20.76 = £4.24 loss |
If you’re unsure how to extract 80% of our £25.00 free bet, check out my Free Bet Strategy page for a walkthrough guide on how it should be done.
So as things stand we will make £15.76 profit if USA win. Unfortunately, we also stand to lose a maximum of £4.24 if USA don’t win and so we need to insure ourselves against this by laying USA at the betting exchange. In order to calculate our lay stake, we need to divide £4.24 by 0.95 to account for the 5% commission. This gives us a lay stake of £4.46.
Lay £4.46 on USA @ 2.86 = Potential liability of £8.30
Let’s have a look at our overall profit/loss for the possible outcomes…
| Europe 14.5 – 13.5 | -£4.22 + £4.24 = £0.02 profit |
| Not Europe 14.5 – 13.5 and USA win | £15.76 – £8.30 = £7.46 profit |
| Not Europe 14.5 – 13.5 and USA don’t win | -£4.24 + £4.24 = £0.00 |
So if USA don’t win, we will break even and there’s no harm done. However, if USA do win, we will make a profit of £7.46!
More reload offers – Make £300+ per month
With detailed walkthroughs for all the best offers as they’re released, you’ll be bagging recurring profits in no time.
More reload offers
Got a question?
Leave me a comment below…
I usually respond within 24 hours.
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.