The Cheltenham November Meeting 2017 continues today and you don’t want to miss this Ladbrokes offer! Simply place a bet on the 13:50 at Cheltenham and if our selection loses, Ladbrokes will refund our stake as a free bet, up to a maximum of £25.00. Translated into matched betting terms, this gives us a guaranteed profit of £14.11 and here’s how…
Qualifying Bet:
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
Qualifying bets must be placed between 08:00 and 13:50 on Saturday 18th November 2017, to be eligible.
Losing stakes are refunded as a free bet, so this is effectively a risk-free offer. We therefore need to select a horse with long odds. At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional odds for Perfect Candidate in the following example and I’ll update the bottom of the post with an actual selection after the race.
I like to place my exchange lay bets with Betfair as they have great liquidity and the site is really easy to use.
We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £18.75 as our ‘Cashback’ figure as this is the amount we can expect to extract (75%) from our £25.00 free bet refund, should our horse lose…
As you can see, the calculator tells us that our lay stake should be £21.44…
Place £25.00 on Perfect Candidate @ 11.00 = Potential profit of £250.00
Lay £21.44 on Perfect Candidate @ 12.00 = Potential liability of £235.84
Let’s have a look at our potential profit/loss for the possible outcomes…
| Perfect Candidate wins | + £250.00 – £235.84 = £14.16 profit |
| Perfect Candidate doesn’t win | – £25.00 + £20.36 + £18.75 (extract 75% from our £25.00 free bet) = £14.11 profit |
So, regardless of the result of the race and provided we can find some decent odds, we’ll make a guaranteed minimum profit of £14.11 on this Ladbrokes offer!
If our selection loses, our free bet will be credited within 24 hours and can be used on horse racing until 23:59 on Sunday 19th November 2017.
If you’re unsure how to extract 75% of our £25.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
* Prior to the start of the race, Vicente was available at back odds of 8.50 and lay odds of 9.40. Vicente didn’t win the race, resulting in a profit of £13.43 on this Ladbrokes offer. *
More reload offers – Make £300+ per month
With detailed walkthroughs for all the best offers as they’re released, you’ll be bagging recurring profits in no time.
More reload offers
Got a question?
Ask the community on Discord, or leave me a comment below.
I usually respond within 24 hours.
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.