It’s Day 1 of Cheltenham Festival 2020 on Tuesday and Ladbrokes are getting in on the action! They’re giving all customers a £1.00 free bet to use on any of Tuesday’s seven races! Translated into matched betting terms, this gives us a risk-free potential profit of £6.50 and here’s how…
Key Terms:
- This offer is available online and via mobile.
- The free bet is available between 18:00 on Monday 9th March 2020 and 17:30 (last race) on Tuesday 10th March 2020.
- Free bet is valid on racing at Cheltenham on Tuesday 10th March 2020.
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 Springfield Fox to win the National Hunt Chase (17:30).
Place £1.00 free bet on Springfield Fox @ 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 |
|---|---|---|
| Springfield Fox wins | +£6.50 | £6.50 profit |
| Springfield Fox doesn’t win | -£1.00 free bet | £0.00 |
So, if Springfield Fox wins, we’ll make a nice profit of £6.50 on this Ladbrokes offer! If Springfield Fox doesn’t win the race, we’ve lost our free bet and there’s no harm done.
* Springfield Fox unseated the rider, 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.