£16.00
Potential Profit
£0.00
Actual Profit

£1 Free Bet Offer – Ladbrokes


Posted by Matt (administrator) Matt
Start Time: 21/08/2020 08:00

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 £16.00 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 21st August 2020 and 23:59 on Sunday 23rd August 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 PSG v Bayern Munich (20:00 kick-off on Sunday 23rd August 2020), we could place our free bet on Bayern Munich in the To Win on Penalties market…

Ladbrokes logo

Place £1.00 free bet on Bayern Munich to win on penalties @ 17.00 = Potential profit of £16.00

Outcomes:

Let’s have a look at our potential profit/loss for the possible outcomes…

Outcome Bookie Profit/Loss
Bayern Munich win on penalties +£16.00 £16.00 profit
Bayern Munich don't win on penalties -£1.00 free bet £0.00

So, if Bayern Munich win on penalties, we’ll make a nice profit of £16.00 on this Ladbrokes offer! Any other outcome and we’ve lost our free bet and there’s no harm done.

* Bayern Munich won the match 1-0, resulting in break even on this Ladbrokes offer. *

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