Leeds host Aston Villa in the Championship on Friday night 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 Leeds v Aston Villa 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 £34.59 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 Thursday 30th November 2017 and 19:45 (kick-off) on Friday 1st 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. At the time of writing the lay odds are not quite tight enough, so I’ll use fictional odds for Leeds in the following example and I’ll update the bottom of the post with some actual odds after the match.
In order to work out our back stake, we need to divide £50.00 by 1.625 (back odds minus 1.00). This gives us a back stake of £30.77. It’s best that we stick to round numbers when placing our qualifying bets, so we should stake £30.00 instead.
I like to place my exchange lay bets with Betfair as they have great liquidity and the site is really easy to use.
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 £29.49…
Place £30.00 on Leeds @ 2.625 = Potential profit of £48.75
Lay £29.49 on Leeds @ 2.72 = Potential liability of £50.72
Let’s have a look at our potential profit/loss for the possible outcomes…
| Leeds win the match but don’t score 3+ goals | + £48.75 – £50.72 = £1.97 loss |
| Leeds win the match and score 3+ goals | + £48.75 – £50.72 + £36.56 (75% extracted from £48.75 free bet) = £34.59 profit |
| Leeds don’t win the match | – £30.00 + £28.01 = £1.99 loss |
So, if Leeds win the match and score 3+ goals, we’ll make a nice profit of £34.59. Any other outcome and we’ll lose a maximum of £1.99. Risking £1.99 to make a profit of £34.59, gives us effective odds of 18.38. So, given that Leeds are odds of around 7.00 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.
* Leeds were available to back (£25.00) at odds of 2.875 and lay at odds of 2.98. The match was drawn 1-1, with Leeds having led 1-0 at half-time, resulting in a loss of £1.21 on this Ladbrokes offer. *
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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.