West Ham visit the Etihad Stadium in the late kick-off today and you don’t want to miss this Ladbrokes in-shop offer! Simply place a bet on Manchester City v West Ham and if the game is a draw, Ladbrokes will refund losing Match Result (exclusive to Grid cardholders only), Correct Score, First Goalscorer and Half-Time/Full-Time bets as a free bet, up to £25.00 per market. Translated into matched betting terms, this gives us a potential profit of £19.61 and here’s how…
Qualifying Bet:
This offer is only available in-shop!
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
Qualifying bets must be placed pre-match to be eligible.
In order to be eligible for a refund on the Match Result market, we need to be a Ladbrokes Grid cardholder. Our Grid card must be presented at the time at which our qualifying bet is placed in order to be eligible for The Grid element of the offer.
We need to place our qualifying bet on a selection that doesn’t see the match being drawn. This ensures that if the match is drawn, we will automatically be eligible for a free bet refund as our qualifying bet will have lost. Having looked at the odds available, I’ve opted to place my qualifying bet on Manchester City in the Match Result market.
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £25.12…
Place £25.00 on Man City @ 1.286 = Potential profit of £7.15
Lay £25.12 on Man City @ 1.30 = Potential liability of £7.54
Let’s have a look at our potential profit/loss for the possible outcomes…
Man City win | + £7.15 – £7.54 = £0.39 loss |
Man City don’t win and match is a draw | – £25.00 + £24.61 + £20.00 (extract 80% from our £25.00 free bet) = £19.61 profit |
Man City don’t win and match isn’t a draw | – £25.00 + £24.61 = £0.39 loss |
So, if the match is a draw, we will make a profit of £19.61. Any other outcome and we’ll have made a loss of £0.39. Risking £0.39 to make a profit of £19.61 gives us effective odds of 51.28, so given that the odds of a draw are 6.25, this is a very profitable offer in the long run.
If the match is a draw, our free bet will be issued when our losing receipt is presented at the counter and will be valid for 7 days.
If you’re unsure how to extract 80% cash from a £25.00 free bet, please see my free bet strategy page for a walk-through guide on how it should be done.
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Matt Kirman – Matched 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.