The Open Championship 2018 tees off on Thursday and Ladbrokes are getting in on the action! They’re giving all customers a £2.00 free bet to use on any Open Championship market! Translated into matched betting terms, this gives us a potential profit of £32.00 and here’s how…
Free Bet:
We must log in via the Ladbrokes mobile app from 08:00 on Monday 16th July 2018 to claim our £2.00 free bet. This offer is limited to the first 60,000 customers.
The free bet stake will not be returned with any winnings.
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.
We could place our free bet on Rory McIlroy in the Outright market…
Place £2.00 free bet on Rory McIlroy @ 17.00 = Potential profit of £32.00
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Rory McIlroy wins | + £32.00 – £2.00 free bet = £32.00 profit |
| Rory McIlroy doesn’t win | – £2.00 free bet = £0.00 |
So, if Rory McIlroy doesn’t win the tournament, we’ve lost our free bet and there’s no harm done. If Rory McIlroy does win the tournament, we’ll make a nice profit of £32.00 on this Ladbrokes offer!
* Rory McIlroy finished in a tie for 2nd place, resulting in break even 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.