Another great Ladbrokes free bet offer. If a European player wins the US Masters 2014, Ladbrokes will refund all losing US Masters outright bets as a free bet, up to £25.00 per customer. Translated into matched betting terms, this gives us a potential profit of £18.84! And here’s how…
To take advantage of this Ladbrokes free bet offer, we need to select an outright winner and hope it doesn’t come in, as only losing bets are refunded in the event of a European Player winning the US Masters. Having looked at the odds on offer, I’ve opted to place my bet on Adam Scott (Australian).
Step 1:
Place £25.00 on Adam Scott @ 13.00 = Potential profit of £300.00
Lay £25.10 on Adam Scott @ 13.00 = Potential liability of £301.20
Step 2:
Let’s have a look at our potential profit/loss for the various outcomes…
|
Adam Scott wins |
+£300.00 – £301.20 = £1.20 loss |
|
A European wins |
-£25.00 + £23.84 + £20.00 (Extracted from our £25.00 free bet) = £18.84 profit |
|
Neither wins |
-£25.00 + £23.84 = £1.16 loss |
So we will make £18.84 profit if a European wins the US Masters! If not, then we stand to lose a maximum of £1.20, which I’m sure you’ll agree is a risk worth taking as the odds of a European winning the US Masters are around 3.45!
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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.