The US PGA Championship 2017 tees off on Thursday and Ladbrokes are getting in on the action! Simply bet £20.00+ on the Outright Winner of The Open Championship 2017 and Ladbrokes will give us a £5.00 free bet to use on Thursday’s and Friday’s play. Translated into matched betting terms, this gives us a guaranteed profit of £6.14 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 06:00 on Monday 7th August 2017 and 23:59 on Wednesday 9th August 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 > PGA 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 £18.52…
Place £20.00 on Rory McIlroy @ 8.50 = Potential profit of £150.00
Lay £18.52 on Rory McIlroy @ 9.20 = Potential liability of £151.86
Let’s have a look at our potential profit/loss for the two outcomes…
| McIlroy wins | + £150.00 – £151.86 = £1.86 loss |
| McIlroy doesn’t win | – £20.00 + £18.14 (£18.52 minus 2% commission) = £1.86 loss |
So, regardless of the outcome, we’ll lose £1.86 in qualifying for our 2 x £5.00 free bets.
Free Bets:
We’ll receive a £5.00 free bet prior to the start of play on both Thursday and Friday and they must be used on any US PGA Championship golf market. Free bets are only valid on the date of issue and free bet stakes are not included in any returns.
By using straightforward matched betting, we should be able to extract 80% of the 2 x £5.00 free bets as cash, so £8.00. If we take into consideration our qualifying loss of £1.86, we should make a guaranteed profit of £6.14 on this Ladbrokes offer!
More reload offers – Make £300+ per month
With detailed walkthroughs for all the best offers as they’re released, you’ll be bagging recurring profits in no time.
More reload offers
Got a question?
Leave me a comment below…
I usually respond within 24 hours.
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.