There’s a big weekend of sports 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 £5.00 and here’s how…
Key Terms:
- This offer is available on Ladbrokes.com and the Ladbrokes Mobile App.
- We must log in between 08:00 on Friday 24th July 2020 and 23:59 on Sunday 26th July 2020 to claim the free bet.
- Our £1.00 free bet will be available to use on any sports market for 7 days.
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 Leicester v Man Utd (16:00 kick-off on Sunday 26th July 2020), we could place our free bet on 1-1 in the Correct score market…
Place £1.00 free bet on 1-1 @ 6.00 = Potential profit of £5.00
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Profit/Loss |
|---|---|---|
| 1-1 Draw | +£5.00 | £5.00 profit |
| Not a 1-1 draw | -£1.00 free bet | £0.00 |
So, if the match is drawn 1-1, we’ll make a nice profit of £5.00 on this Ladbrokes offer! Any other outcome and we’ve lost our free bet and there’s no harm done.
* Man Utd beat Leicester 2-0, 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.