£6.49
Guaranteed Profit
£6.49
Actual Profit

Chelsea v Man City Offer – Ladbrokes


Posted by Matt (administrator) Matt
Start Time: 08/12/2018 17:30

It’s Chelsea v Man City in one of Saturday’s late kick-offs and you don’t want to miss this Money Back Special from Ladbrokes! Simply place a bet on selected markets for Chelsea v Man City and if our bet loses, Ladbrokes will give us our money back as a free bet, up to £10.00. Translated into matched betting terms, this gives us a guaranteed profit of £6.49 and here’s how…

Banner showing the Chelsea v Man City offer from Ladbrokes

Key Terms:

  • Qualifying bets must be placed between 08:00 on Friday 7th December 2018 and 17:30 (kick-off) on Saturday 8th December 2018.
  • The eligible markets are First/Last/Anytime Goalscorer, Correct Score and #GetAPrice.
  • If our bet loses, Ladbrokes will refund our stake as a free bet, up to a maximum of £10.00.

Qualifying Bet:

If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how it should be done.

Losing stakes are refunded as a free bet, so this is effectively a risk-free bet offer. We therefore need to select something with long odds.

Having looked at the odds available, we could place our qualifying bet on 3-0 Man City in the Correct Score market.

At the time of writing, laying our bet with Smarkets gives us the biggest guaranteed profit.

We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £8.00 as our ‘Cashback’ figure as this is the amount we can expect to extract (80%) from our £10.00 free bet, should our bet lose…

Select bet type

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £

Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £8.67…

Ladbrokes logo

Place £10.00 on 3-0 Man City @ 19.00 = Potential profit of £180.00

Smarkets logo

Lay £8.67 on 3-0 Man City @ 21.00 = Potential liability of £173.40

Outcomes:

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

Outcome Bookie Exchange Extracted Profit/Loss
3-0 Man City +£180.00 -£173.40 £6.60 profit
Not 3-0 Man City -£10.00 +£8.49 +£8.00 £6.49 profit

So, regardless of the outcome, we’ll make a guaranteed profit of £6.49 on this Ladbrokes offer!

If our selection loses, our free bet will be credited within 24 hours of our qualifying bet being settled. Free bets will be valid for 7 days and free bet stakes will not be returned with any winnings.

If you’re unsure how to extract around 80% cash from a £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

* Chelsea won the match 2-0, resulting in a profit of £6.49 on this Ladbrokes offer. *

Comments


  1. Chris

    Odds no longer available what about backing Chelsea 5 1 and laying any other home win does this work

    1. Matt

      No Chris, that would leave you exposed to big losses. Say, for example, Chelsea win 4-2, you would lose both your back and lay bets.

  2. Chris

    Is there any other options the correct score odds are miles apart

    1. Matt

      Anything above the £5.00 profit mark is acceptable for these Ladbrokes offers Chris. If you can’t find anything at the moment, just keep an eye on the odds as they should tighten up tomorrow ahead of the match.

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