Ladbrokes Offer – England v Scotland

It’s the big one on Friday and you don’t want to miss this Ladbrokes offer! Simply place a bet on England v Scotland and if the game is a draw, Ladbrokes will refund losing Correct Score, First Player To Score 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 risk-free potential profit of £8.48 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 08:00 on Monday 7th November 2016 and 19:45 (kick-off) on Friday 11th November 2016, to be eligible.

We need to place our qualifying bet on a Correct Score or Half-Time/Full-Time 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.

It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on England/England in the Half-Time/Full-Time 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…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £23.36…

ladbrokes logo

Place £25.00 on England/England @ 2.00 = Potential profit of £25.00

smarkets white

Lay £23.36 on England/England @ 2.16 = Potential liability of £27.10

Let’s have a look at our potential profit/loss for the possible outcomes…

England/England + £25.00 – £27.10 = £2.10 loss
Not England/England and match is a draw – £25.00 + £22.90 + £20.00 (extract 80% from our £25.00 free bet) = £17.90 profit
Not England/England and match isn’t a draw – £25.00 + £22.90 = £2.10 loss

So, as things stand, if the match is a draw, we will make a profit of £17.90. Any other outcome and we’ll have made a loss of £2.10.

We can actually make this offer risk-free by placing an extra lay bet on the match being a draw. To work out our lay stake, we just need to divide our potential loss of £2.10 by 0.98 (to account for the 2% commission) which gives us a lay stake of £2.14…

smarkets whiteLay £2.14 on a draw @ 5.40 = Potential liability of £9.42

Let’s have a look at our overall profit/loss for the possible outcomes…

England/England – £2.10 + £2.10 = £0.00
Not England/England and match is a draw + £17.90 – £9.42 = £8.48 profit
Not England/England and match isn’t a draw – £2.10 + £2.10 = £0.00

So, if the game isn’t drawn, we’ll have broken even and there’s no harm done. If, however, the game is drawn, we’ll have made a nice risk-free profit of £8.48.

If the game is drawn, our free bet will be credited within 24 hours 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.

NOTE: This offer also applies to Match Result (Win Draw Win) bets placed in shop on The Grid. Match Result refunds do not apply to any other customers. Free bets will be issued when the losing receipt is presented at the counter and will be valid for 7 days.

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched 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.