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.
- Bet £10, Get £50 in free bets
- 0% commission for 60 days.
- Extend for 30 days via MBB at any time.
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 £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.