£5.06
Guaranteed Profit
£5.11
Actual Profit

Man Utd v Leicester Offer – Ladbrokes


Posted by Matt (administrator) Matt
Start Time: 10/08/2018 20:00

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…

Banner showing the Man Utd v Leicester offer from Ladbrokes

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…

Select bet type

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 £7.21…

Ladbrokes logo

Place £10.00 on 2-1 Man Utd @ 8.00 = Potential profit of £70.00

Smarkets logo

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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