There’s a big weekend of sporting action to look forward to and Ladbrokes are getting in on the action! They’re giving all customers a £1.00 free bet to use on any sport this weekend! Translated into matched betting terms, this gives us a risk-free potential profit of £7.50 and here’s how…
Key Terms:
- We must log in via the Ladbrokes mobile app between 17:00 on Friday 1st February 2019 and 23:59 on Saturday 2nd February 2019.
- This offer is limited to 100,000 tokens.
- Free bet will be available to use until 23:59 on Sunday 3rd February 2019.
Free Bet:
With the free bet being so small, I suspect many will be happy to just punt this for a risk-free shot at a decent return.
It’s entirely up to you what you place your free bet on. Having looked at the odds available, we could place our free bet on West Ham to beat Liverpool on Monday night…
Place £1.00 free bet on West Ham @ 8.50 = Potential profit of £7.50
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Profit/Loss |
|---|---|---|
| West Ham win | +£7.50 | £7.50 profit |
| West Ham don’t win | -£1.00 free bet | £0.00 |
So, if West Ham win, we’ll make a nice profit of £7.50 on this Ladbrokes offer! Any other outcome and we’ve lost our free bet and there’s no harm done.
* The match was drawn 1-1, resulting in break even on this Ladbrokes offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.