If you want to know how to beat the bookies, you’re in the right place as I show you how to tackle the Ladbrokes sign up offer for new customers. Simply register today and enter promo code ‘F50’, deposit and place a single bet of £5.00 or more on any sport and Ladbrokes will match your stake with a free bet up to a maximum of £50.00. Translated into matched betting terms, this gives us a minimum guaranteed profit of £38.55 and here’s how…
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.
The correct promo code (F50) must be entered at the time of registration, otherwise the free bet will not be applied. This offer is only available to new online and mobile customers. It is not available through telephone betting or in Ladbrokes retail shops.
In order to qualify for the free bet, our qualifying bet must be placed on odds of 1.50 (1/2) or over.
It’s entirely up to you what you place your qualifying bet on, but I’ve included an example of how things might work out using the odds from the Copa America 2015 Quarter-Final between Brazil and Paraguay.
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 stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £49.54…
Place £50.00 on Brazil @ 1.615 = Potential profit of £30.75
Lay £49.54 on Brazil @ 1.65 = Potential liability of £32.20
Let’s have a look at our potential profit/loss for the following outcomes…
|Brazil win||+£30.75 – £32.20 = £1.45 loss|
|Brazil don't win||-£50.00 + £48.55 = £1.45 loss|
So regardless of the result of the match, we will lose £1.45 in qualifying for our £50.00 Ladbrokes free bet.
Our £50.00 free bet will be credited to our account on placement of our qualifying bet and must be used within 7 days, otherwise it will expire.
By using straightforward matched betting, we should be able to extract 80% out of the £50.00 free bet as cash, so £40.00. If we take into account our qualifying loss of £1.45, this gives us a guaranteed profit of £38.55!