Event Start Time (GMT): 11/08/2017 : 19:45
Premier League football returns tonight and you don’t want to miss this Ladbrokes offer! Simply bet £20.00+ pre-match on Arsenal v Leicester and Ladbrokes will give us 5 x £5.00 free in play bets. That’s a free bet for every televised Premier League match this weekend! Translated into matched betting terms, this gives us a guaranteed profit of £17.25 and here’s how…
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
To qualify for our 5 x £5.00 free in play bets, we must bet £20.00+ pre-match on Arsenal v Leicester at odds of 1.25 (1/4) or greater. Qualifying bets must be placed between 06:00 on Thursday 10th August 2017 and 19:45 (kick-off) on Friday 11th August 2017, to be eligible.
Having looked at the odds available, I’ve opted to place my qualifying bet on Arsenal in the Match Betting 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 stakes using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £18.88…
Place £20.00 on Arsenal @ 1.444 = Potential profit of £8.88
Lay £18.88 on Arsenal @ 1.55 = Potential liability of £10.38
Let’s have a look at our potential profit/loss for the possible outcomes…
|Arsenal win||+ £8.88 – £10.38 = £1.50 loss|
|Arsenal don't win||- £20.00 + £18.50 (£18.88 minus 2% commission) = £1.50 loss|
So, regardless of the result of the match, we’ll lose £1.50 in qualifying for our 5 x £5.00 free in play bets.
Our 5 x £5.00 free bets will be credited at the start of each of the following televised matches…
|Arsenal v Leicester||19:45||Friday 11th August 2017|
|Watford v Liverpool||12:30||Saturday 12th August 2017|
|Brighton v Man City||17:30||Saturday 12th August 2017|
|Newcastle v Tottenham||13:30||Sunday 13th August 2017|
|Man Utd v West Ham||16:00||Sunday 13th August 2017|
Each £5.00 free bet can only be used in play on the match it has been credited for and will expire once the match has finished, if it has not been used.
It’s impossible to know what odds will be available until the matches have kicked off but by using straightforward matched betting, we should be able to extract 75% cash from the 5 x £5.00 free bets, so £18.75. If we take into account our qualifying loss of £1.50, this gives us a guaranteed profit of £17.25 on this Ladbrokes offer!
Extracting profit from our free bets can be a little tricky when betting in play. One option is to wait until half-time, as the odds don’t fluctuate as much as when the game is live. If you place your free bet and then something happens in the game that changes the lay odds, it will affect your profit one way or the other.
Another option is to place it on 1-1, 2-1 or 3-1 whilst the score is at 0-0. By selecting a scoreline where both teams score, it reduces the risk of the odds fluctuating unfavourably.