West Brom host Stoke on Sunday afternoon 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 West Brom v Stoke 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 £37.45 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 25th August 2017 and 13:30 (kick-off) on Sunday 27th August 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 on Monday 28th August 2017. 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 West Brom.
In order to work out our back stake, we need to divide £50.00 by 1.35 (back odds minus 1.00). This gives us a back stake of £37.04. It’s best that we stick to round numbers when placing our qualifying bet, so I’ll stake £40.00 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 £38.21…
Place £40.00 on West Brom @ 2.35 = Potential profit of £54.00
Lay £38.21 on West Brom @ 2.48 = Potential liability of £56.55
Let’s have a look at our potential profit/loss for the possible outcomes…
| West Brom win the match but don’t score 3+ goals | + £54.00 – £56.55 = £2.55 loss |
| West Brom win the match and score 3+ goals | + £54.00 – £56.55 + £40.00 (80% extracted from £50.00 free bet) = £37.45 profit |
| West Brom don’t win the match | – £40.00 + £37.44 = £2.56 loss |
So, if West Brom win the match and score 3+ goals, we’ll make a nice profit of £37.45. Any other outcome and we’ll lose a maximum of £2.56. Risking £2.56 to make a profit of £37.45, gives us effective odds of 15.63. So, given that West Brom are odds of around 7.50 to score 3 or more goals, this is a profitable offer in the long run.
* The match was drawn 1-1, meaning I made a loss of £2.56 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.