Goodwood Festival 2019 Offer (Day 1) – Ladbrokes

The Goodwood Festival 2019 gets underway on Tuesday and Ladbrokes are getting in on the action! They’re giving all customers a £1.00 free bet to use on any race on Day 1 of the Festival! Translated into matched betting terms, this gives us a risk-free potential profit of £11.00 and here’s how…

Key Terms:

  • We must log in to the Ladbrokes app between 18:00 on Monday 29th July 2019 and 23:59 on Tuesday 30th July 2019.
  • This offer is limited to 100,000 tokens.
  • Free bet will be available to use on any Goodwood Festival race on Tuesday 30th July 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 Johnny Drama to win the 13:50 at Goodwood.

Ladbrokes logo

Place £1.00 free bet on Johnny Drama @ 12.00 = Potential profit of £11.00

Outcomes:

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

Outcome Bookie Profit/Loss
Johnny Drama wins +£11.00 £11.00 profit
Johnny Drama doesn’t win -£1.00 free bet £0.00

So, if Johnny Drama 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.

* Johnny Drama failed to win the race, resulting in break even on this Ladbrokes offer. *

Got a question?
Leave me a comment below

I usually respond within 24 hours.

Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.