There’s a big day of racing to look forward to on Saturday and Ladbrokes are getting in on the action! They’re giving all customers a £1.00 free bet to use on Irish or International horse racing! Translated into matched betting terms, this gives us a risk-free potential profit of £6.50 and here’s how…
Key Terms:
- We must log in to our Ladbrokes account between 08:00 and 23:59 on Saturday 9th February 2019.
- This offer is limited to 100,000 tokens.
- Free bet will be available to use on Irish and International horse racing for 7 days.
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, we could place our free bet on Winning Envelope to win the 21:22 at Tampa Bay Downs…
Place £1.00 free bet on Winning Envelope @ 7.50 = Potential profit of £6.50
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Profit/Loss |
|---|---|---|
| Winning Envelope wins | +£6.50 | £6.50 profit |
| Winning Envelope doesn’t win | -£1.00 free bet | £0.00 |
So, if Winning Envelope wins, we’ll make a nice profit of £6.50 on this Ladbrokes offer! Any other outcome and we’ve lost our free bet and there’s no harm done.
* Winning Envelope failed to win the race, 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.