England get their World Cup 2018 campaign underway on Monday 18th June 2018 and Ladbrokes are getting in on the action! Simply place a bet on England to win the World Cup and if England get knocked out, Ladbrokes will refund our stake as a free bet, up to a maximum of £5.00. Translated into matched betting terms, this gives us a guaranteed profit of £2.56 and here’s how…
Qualifying Bet:
Qualifying bets must be placed between 08:00 on Sunday 27th May 2018 and 16:00 on Thursday 14th June 2018, to be eligible.
If England get knocked out, our losing stake will be refunded as a free bet, so this is effectively a risk-free offer.
At the time of writing, laying our bet at Smarkets gives us the smallest qualifying loss.
We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £4.00 as our ‘Cashback’ figure as this is the amount we can expect to extract (80%) from our £5.00 free bet, should our bet lose…
As you can see, the calculator tells us that our lay stake should be £3.64…
Place £5.00 on England @ 15.00 = Potential profit of £70.00
Lay £3.64 on England @ 19.50 = Potential liability of £67.34
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| England win | + £70.00 – £67.34 = £2.66 profit |
| England get knocked out | – £5.00 + £3.56 + £4.00 (extract 80% from our £5.00 free bet) = £2.56 profit |
So, regardless of the outcome, we’ll make a guaranteed profit of £2.56 on this Ladbrokes offer!
If our selection loses, our free bet will be credited within 24 hours of England exiting the tournament and will be valid for 4 days.
If you’re unsure how to extract around 80% cash from a £5.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
* England were knocked out in the Semi-Finals by Croatia, resulting in a profit 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.