Cheltenham Festival 2021 gets underway on Tuesday and you don’t want to miss this Ladbrokes free bet offer! They’re giving all customers a £5.00 free bet to use on any race on Day 1 of the festival! Translated into matched betting terms, this gives us a guaranteed profit of £4.08 and here’s how…
Key terms
- Available to claim between 18:00 on Sunday 14th March 2021 and 17:30 on Tuesday 16th March 2021.
- £5.00 free bet will be valid on any Cheltenham Festival race on Tuesday 16th March 2021.
- If not used, free bets will expire at 17:30 on Tuesday 16th March 2021.
Free bet
Using straightforward matched betting, we should be able to convert our £5.00 free bet into 80% cash, so £4.00.
Having looked at the odds available for the Supreme Novices’ Hurdle (13:20 Tuesday), we could place our free bet on Blue Lord at back odds of 11.00 (10/1) and lay odds of 12.00.
Either exchange works for this offer
Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.
- Money back as cash up to £20
- 0% commission for 60 days
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 £4.17…
Place £5.00 free bet on Blue Lord @ 11.00 = Potential profit of £50.00
Lay £4.17 on Blue Lord @ 12.00 = Potential liability of £45.87
Outcomes
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Ladbrokes | Smarkets | Profit/Loss |
|---|---|---|---|
| Blue Lord wins | + £50.00 | – £45.87 | £4.13 profit |
| Blue Lord loses | – Free Bet | + £4.08 | £4.08 profit |
So, no matter the outcome, we’ll make a guaranteed profit of £4.08 on this Ladbrokes offer!
Don’t miss out on one of the most profitable weeks of the matched betting calendar! For a comprehensive list of available bookmaker offers, please see my Cheltenham Festival 2021 Offers page.
* Blue Lord fell in the Supreme Novices’ Hurdle, resulting in a profit of £4.08 on this Ladbrokes offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.