Bournemouth host Southampton in Sunday’s early kick-off and you don’t want to miss this Ladbrokes offer. Simply place a £5.00+ single bet on the 90 minute Match Betting market for Bournemouth v Southampton and if our team wins the match and scores 3 or more goals, Ladbrokes will double our winnings up to £50.00, in free bets! Translated into matched betting terms, this gives us a potential profit of £35.63 and here’s how…
Qualifying Bet:
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 between 06:00 on Friday 1st December 2017 and 13:30 (kick-off) on Sunday 3rd December 2017, to be eligible.
To qualify, we must place a £5.00+ single bet on the 90 minute win-draw-win market. If our team wins the match and scores 3 or more goals, Ladbrokes will double our winnings in free bets.
The maximum free bet is £50.00 per customer and this will be credited within 24 hours. Free bets will be valid for 4 days and free bet stakes are not included in any returns.
It’s entirely up to you which team you go for. Having looked at the odds available, we could place our qualifying bet on Bournemouth.
In order to work out our back stake, we need to divide £50.00 by 2.00 (back odds minus 1.00). This gives us a back stake of £25.00, which is perfect as it’s best that we stick to round numbers when placing our qualifying bets.
I like to place my exchange lay bets with Betfair as they have great liquidity and the site is really easy to use. Also, if we opt in, they are charging just 2% commission on Premier League Match Odds bets until 3rd January 2018.
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 £23.58…
Place £25.00 on Bournemouth @ 3.00 = Potential profit of £50.00
Lay £23.58 on Bournemouth @ 3.20 = Potential liability of £51.87
Let’s have a look at our potential profit/loss for the possible outcomes…
| Bournemouth win the match but don’t score 3+ goals | + £50.00 – £51.87 = £1.87 loss |
| Bournemouth win the match and score 3+ goals | + £50.00 – £51.87 + £37.50 (75% extracted from £50.00 free bet) = £35.63 profit |
| Bournemouth don’t win the match | – £25.00 + £23.10 = £1.90 loss |
So, if Bournemouth win the match and score 3+ goals, we’ll make a nice profit of £35.63. Any other outcome and we’ll lose a maximum of £1.90. Risking £1.90 to make a profit of £35.63, gives us effective odds of 19.75. So, given that Bournemouth are odds of around 8.50 to score 3 or more goals, this is a profitable offer in the long run.
If you’re not sure how to extract 75% cash from a free bet, please see my Free Bet Strategy page for a walk-through guide on how it should be done.
* The match was drawn 1-1, resulting in a loss of £1.90 on this Ladbrokes offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.