It’s Croatia v England in the UEFA Nations League on Friday and you don’t want to miss this Money Back Special from Ladbrokes! Simply place a bet on selected markets for Croatia v England 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 £5.11 and here’s how…
- Qualifying bets must be placed between 08:00 on Thursday 11th October 2018 and 19:45 (kick-off) on Friday 12th October 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.
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.
At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional odds for 2-1 England in the Correct Score market and I’ll update the bottom of the post with an actual selection after the match.
At the time of writing, laying our bet at Smarkets looks likely to give 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…
As you can see, the calculator tells us that our lay stake should be £7.26…
Place £10.00 on 2-1 England @ 9.50 = Potential profit of £85.00
Lay £7.26 on 2-1 England @ 12.00 = Potential liability of £79.86
Let’s have a look at our potential profit/loss for the possible outcomes…
|2-1 England||+ £85.00 – £79.86 = £5.14 profit|
|Not 2-1 England||- £10.00 + £7.11 + £8.00 (extract 80% from our £10.00 free bet) = £5.11 profit|
So, regardless of the outcome, we’ll make a guaranteed profit of £5.11 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 24 hours 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.
* ‘0-0 draw’ was available at back odds of 6.50 and lay odds of 8.60. The match was drawn 0-0, resulting in a profit of £4.54 on this Ladbrokes offer. *
Click here to take advantage of this Ladbrokes offer