The Players Championship 2017 tees off on Thursday and Ladbrokes are getting in on the action! Simply bet £20.00 on the Outright Winner of The Players Championship 2017 and Ladbrokes will give us a £5.00 free bet each day of the tournament. Translated into matched betting terms, this gives us a guaranteed profit of £12.60 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 08:00 on Tuesday 9th May 2017 and 23:59 on Wednesday 10th May 2017, to be eligible.
It’s entirely up to you who you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on Rory McIlroy.
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.
You can find the correct market via the following link trail…
Golf > PGA Tour > The Players Championship 2017
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 £16.95…
Place £20.00 on Rory McIlroy @ 11.00 = Potential profit of £200.00
Lay £16.95 on Rory McIlroy @ 13.00 = Potential liability of £203.40
Let’s have a look at our potential profit/loss for the two outcomes…
| McIlroy wins | + £200.00 – £203.40 = £3.40 loss |
| McIlroy doesn’t win | – £20.00 + £16.61 (£16.95 minus 2% commission) = £3.39 loss |
So, regardless of the outcome, we’ll lose a maximum of £3.40 in qualifying for our £5.00 free bets.
Free Bets:
We’ll receive one £5.00 free bet each day of the tournament, which is scheduled to end on Sunday 14th May 2017. Free bets will be credited to our account prior to the start of play each day and must be used on golf. Free bets are only valid on the date of issue.
By using straightforward matched betting, we should be able to extract 80% of the 4 x £5.00 free bets as cash, so £16.00. If we take into consideration our maximum qualifying loss of £3.40, we should make a guaranteed profit of £12.60 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.