Cheltenham Festival 2019 is just a fortnight away and Ladbrokes are getting in on the action! They’re giving all customers a £1.00 free bet to use on any Cheltenham race! Translated into matched betting terms, this gives us a risk-free potential profit of £7.00 and here’s how…
Key Terms:
- We must log in to the Ladbrokes app between 00:00 on Tuesday 26th February 2019 and 23:59 on Wednesday 27th February 2019.
- This offer is limited to 100,000 tokens.
- Free bet will be available to use on any Cheltenham Festival race until 23:59 on Wednesday 27th February 2019.
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 Angels Breath to win the Supreme Novices Hurdle (13:30 on Tuesday 12th March 2019)…
Place £1.00 free bet on Angels Breath @ 8.00 = Potential profit of £7.00
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Profit/Loss |
|---|---|---|
| Angels Breath wins | +£7.00 | £7.00 profit |
| Angels Breath doesn’t win | -£1.00 free bet | £0.00 |
So, if Angels Breath wins, we’ll make a nice profit of £7.00 on this Ladbrokes offer! Any other outcome and we’ve lost our free bet and there’s no harm done.
* Angels breath 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.