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! Translated into matched betting terms, this gives us a risk-free potential profit of £7.50 and here’s how…
Key Terms:
- This offer is available via the Ladbrokes mobile app.
- We must log in between 18:00 on Friday 4th October 2019 and 23:59 on Sunday 6th October 2019.
- Free bet will be available to use on any sports market until 23:59 on Sunday 6th October 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 for Newcastle v Man Utd, we could place our free bet on Over 4.5 in the Total Goals market…
Place £1.00 free bet on Over 4.5 Total Goals @ 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 |
|---|---|---|
| 5 or more goals | +£7.50 | £7.50 profit |
| 4 or less goals | -£1.00 free bet | £0.00 |
So, if five or more goals are scored, 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.
* Newcastle won the match 1-0, resulting in break even on this Ladbrokes offer. *
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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.