It’s Man Utd v Leicester in the Premier League 2018/19 opener on Friday and you don’t want to miss this Money Back Special from Ladbrokes! Simply place a bet on selected markets for Man Utd v Leicester and if our bet loses, Ladbrokes will give us our money back as a free bet, up to £10.00. Translated into matched betting terms, this gives us a guaranteed profit of £5.06 and here’s how…
Key Terms:
- Qualifying bets must be placed between 08:00 on Thursday 9th August 2018 and 20:00 (kick-off) on Friday 10th August 2018.
- The eligible markets are First/Last/Anytime Goalscorer, Correct Score and #GetAPrice.
- If our bet loses, Ladbrokes will refund our stake as a free bet, up to a maximum of £10.00.
Qualifying Bet:
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
Losing stakes are refunded as a free bet, so this is effectively a risk-free bet offer. We therefore need to select something with long odds. Having looked at the odds available, we could place our qualifying bet on 2-1 Man Utd in the Correct Score market.
At the time of writing, laying our bet at Smarkets gives us the biggest guaranteed profit.
We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £8.00 as our ‘Cashback’ figure as this is the amount we can expect to extract (80%) from our £10.00 free bet, should our bet lose…
As you can see, the calculator tells us that our lay stake should be £7.21…
Place £10.00 on 2-1 Man Utd @ 8.00 = Potential profit of £70.00
Lay £7.21 on 2-1 Man Utd @ 10.00 = Potential liability of £64.89
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| 2-1 Man Utd | + £70.00 – £64.89 = £5.11 profit |
| Not 2-1 Man Utd | – £10.00 + £7.06 + £8.00 (extract 80% from our £10.00 free bet) = £5.06 profit |
So, regardless of the outcome, we’ll make a guaranteed profit of £5.06 on this Ladbrokes offer!
If our selection loses, our free bet will be credited within 24 hours of our qualifying bet being settled. Free bets will be valid for 24 hours and free bet stakes will not be returned with any winnings.
If you’re unsure how to extract around 80% cash from a £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
* Man Utd won the match 2-1, resulting in a profit of £5.11 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.