Southampton host West Brom in Saturday’s late 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 Southampton v West Brom 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 £37.87 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 20th October 2017 and 17:30 (kick-off) on Saturday 21st October 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, I’ve opted to place my qualifying bet on Southampton.
In order to work out our back stake, we need to divide £50.00 by 0.85 (back odds minus 1.00). This gives us a back stake of £58.82. It’s best that we stick to round numbers when placing our qualifying bets, so I’ll be staking £60.00 instead.
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 £59.04…
Place £60.00 on Southampton @ 1.85 = Potential profit of £51.00
Lay £59.04 on Southampton @ 1.90 = Potential liability of £53.13
Let’s have a look at our potential profit/loss for the possible outcomes…
| Southampton win the match but don’t score 3+ goals | + £51.00 – £53.13 = £2.13 loss |
| Southampton win the match and score 3+ goals | + £51.00 – £53.13 + £40.00 (80% extracted from £50.00 free bet) = £37.87 profit |
| Southampton don’t win the match | – £60.00 + £57.85 = £2.15 loss |
So, if Southampton win the match and score 3+ goals, we’ll make a nice profit of £37.87. Any other outcome and we’ll lose a maximum of £2.15. Risking £2.15 to make a profit of £37.87, gives us effective odds of 18.61. So, given that Southampton are odds of around 5.00 to score 3 or more goals, this is a profitable offer in the long run.
* Southampton won the match 1-0, meaning I made a loss of £2.13 on this Ladbrokes offer. *
More reload offers – Make £300+ per month
With detailed walkthroughs for all the best offers as they’re released, you’ll be bagging recurring profits in no time.
More reload offers
Got a question?
Ask the community on Discord, or leave me a comment below.
I usually respond within 24 hours.
Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.