It’s Ladbrokes free bet offer time again. If Liverpool’s crunch Premier League clash with Chelsea ends in a draw, Ladbrokes will refund all losing Win-Draw-Win (match betting), correct scores, first goalscorers and scorecasts, up to £25.00 as a free bet. Translated into matched betting terms, this gives us a potential profit of £18.33! And here’s how…
With these free bet refund offers, we don’t often get a chance to place our qualifying bet on the Win-Draw-Win (match betting) market, so this a novelty. We need to bet on either a Liverpool or Chelsea win as the draw is no good to us. Having looked at the odds on offer, I’ve opted for a Liverpool win.
Step 1:
Place £25.00 on Liverpool @ 1.67 = Potential profit of £16.75
Lay £24.56 on Liverpool @ 1.75 = Potential liability of £18.42
Step 2:
Let’s have a look at our potential profit/loss for the various outcomes…
|
Liverpool win |
+£16.75 – £18.42 = £1.67 loss |
|
Draw |
-£25.00 + £23.33 + £20.00 (Assumes an 80% return from our £25.00 free bet) = £18.33 profit |
|
Chelsea win |
-£25.00 + £23.33 = £1.67 loss |
So we will make £18.33 profit the game is drawn. Any other result and we stand to lose £1.67, which I’m sure you’ll agree is a risk worth taking as the odds of the match being drawn are around 4.20!
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.