Cheltenham Festival 2021 (Day 2) Offer – Ladbrokes

It’s Day 2 of Cheltenham Festival 2021 on Wednesday and you don’t want to miss this Ladbrokes free bet offer! They’re giving all customers a £1.00 free bet to use on any race on Day 2 of the festival! Translated into matched betting terms, this gives us a potential profit of £11.00 and here’s how…

Key terms

  • Available to claim between 18:00 on Tuesday 16th March 2021 and 17:30 on Wednesday 17th March 2021.
  • £1.00 free bet will be valid on any Cheltenham Festival race on Wednesday 17th March 2021.
  • If not used, free bets will expire at 17:30 on Wednesday 17th March 2021.

Free bet

Using straightforward matched betting, we should be able to convert our £1.00 free bet into 80% cash, so £0.80. With the free bet being small though, I suspect many will be happy to just punt this for a risk-free shot at a decent return.

Having looked at the odds available, we could place our free bet on Monte Cristo in the Coral Cup (14:30) at odds of 12.00 (11/1).

Place £1.00 free bet on Monte Cristo @ 12.00 = Potential profit of £11.00

Outcomes

Let’s have a look at our potential profit/loss for the possible outcomes…

OutcomeLadbrokesProfit/Loss
Monte Cristo wins+ £11.00£11.00 profit
Monte Cristo loses– Free Bet£0.00

So, if Monte Cristo wins, we’ll make a nice profit of £11.00 on this Ladbrokes offer! Any other outcome and we’ve lost our free bet and there’s no harm done.

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.

* Monte Cristo failed to win the Coral Cup, resulting in break even on this Ladbrokes offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.