£1 Free Bet Offer – Ladbrokes

There’s a big Saturday of sport 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 £9.00 and here’s how…

Key Terms:

  • We must log in to our Ladbrokes account between 17:00 on Friday 22nd February 2019 and 23:59 on Saturday 23rd February 2019.
  • This offer is limited to 100,000 tokens.
  • Free bet will be available to use on any sport until 23:59 on Sunday 24th 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 Kimberlite Candy to win the 14:40 at Newcastle

Ladbrokes logo

Place £1.00 free bet on Kimberlite Candy @ 10.00 = Potential profit of £9.00

Outcomes:

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

Outcome Bookie Profit/Loss
Kimberlite Candy wins +£9.00 £9.00 profit
Kimberlite Candy doesn’t win -£1.00 free bet £0.00

So, if Kimberlite Candy wins, we’ll make a nice profit of £9.00 on this Ladbrokes offer! Any other outcome and we’ve lost our free bet and there’s no harm done.

* Kimberlite Candy failed to win the race, resulting in break even on this Ladbrokes offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched 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.