It’s time for a Ladbrokes Cheltenham offer! If Sprinter Sacre wins or finishes 2nd in the 2015 Queen Mother Champion Chase on Wednesday 11th March, Ladbrokes will refund losing stakes on every horse as a free bet up to a maximum of £25.00. Translated into matched betting terms, this gives us a potential profit of £17.87 and here’s how…
Qualifying Bet:
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walkthrough guide on how it should be done.
All we need to do for this offer is place our qualifying bet on any horse other than Sprinter Sacre. Having looked at the odds on offer, I’ve opted to place my qualifying bet on Dodging Bullets.
Place £25.00 on Dodging Bullets @ 6.50 = Potential profit of £137.50
Lay £24.07 on Dodging Bullets @ 6.80 = Potential liability of £139.61
Let’s have a look at our potential profit/loss for the possible outcomes…
| Dodging Bullets wins | +£137.50 – £139.61 = £2.11 loss |
| Sprinter Sacre wins or finishes 2nd to another horse | -£25.00 + £22.87 + £20.00 (extract 80% from our £25.00 free bet) = £17.87 profit |
| Neither happens | -£25.00 + £22.87 = £2.13 loss |
So if Sprinter Sacre wins or finishes 2nd to another horse, we will make a nice profit of £17.87. Unfortunately, we also stand to lose a maximum of £2.13 on any other outcome, which I’m sure you’ll agree is a risk worth taking as the potential profit far outweighs the potential loss, making this a profitable offer in the long run.
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.
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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.