The Premier League 2019/20 season is finally underway and Ladbrokes are getting in on the action! They’re giving all customers a £1.00 free bet to use on the Premier League opening weekend! Translated into matched betting terms, this gives us a risk-free potential profit of £12.00 and here’s how…
Key Terms:
- We must log in to the Ladbrokes app between 18:00 on Friday 9th August 2019 and 23:59 on Sunday 11th August 2019.
- This offer is limited to 100,000 tokens.
- Free bet will be available to use on any football market until 23:59 on Sunday 11th August 2019.
Free Bet:
With the free bet being so small, I suspect many will be happy to just punt this for a risk-free shot at a decent return.
It’s entirely up to you what you place your free bet on. Having looked at the odds available for Man Utd v Chelsea, we could place our free bet on Man Utd/Draw in the Half-Time/Full-Time market…
Place £1.00 free bet on Man Utd/Draw @ 13.00 = Potential profit of £12.00
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Profit/Loss |
|---|---|---|
| Selection wins | +£12.00 | £12.00 profit |
| Selection doesn’t win | -£1.00 free bet | £0.00 |
So, if Man Utd are leading at half-time and Chelsea come back to draw the match, we’ll make a nice profit of £12.00 on this Ladbrokes offer! Any other outcome and we’ve lost our free bet and there’s no harm done.
* Man Utd led 1-0 at half-time and went on to win the match 4-0, resulting in break even on this Ladbrokes offer. *
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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.