The Goodwood Festival 2017 gets underway on Tuesday and you don’t want to miss this Ladbrokes offer! Bet £10.00 or more on the 13:50 at Goodwood and Ladbrokes will give us a £5.00 free bet to be used on the 14:25 at Goodwood. Translated into matched betting terms, this gives us a guaranteed profit of £3.48 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
Qualifying bets must be placed between 17:00 on Monday 31st July 2017 and 13:50 on Tuesday 1st August 2017, to be eligible.
To qualify for a £5.00 free bet on the 14:25 at Goodwood, we must place a bet of £10.00 or more on the 13:50 at Goodwood.
It’s entirely up to you which horse you place your qualifying bet on. At the time of writing, the lay odds aren’t quite tight enough, so I’ll use fictional odds for Garcia in the following example and I’ll update the bottom of the post with my actual selection after the race.
I like to place my exchange lay bets with Smarkets as they have great liquidity in the run up to races, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.
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 £9.68…
Place £10.00 on Garcia @ 5.50 = Potential profit of £45.00
Lay £9.68 on Garcia @ 5.70 = Potential loss of £45.49
Let’s have a look at our potential profit/loss for the possible outcomes…
| Garcia wins | + £45.00 – £45.49 = £0.49 loss |
| Garcia doesn’t win | – £10.00 + £9.48 (£9.68 minus 2% commission) = £0.52 loss |
So, we’ll make a maximum loss of £0.52 in qualifying for our £5.00 free bet.
Free Bet:
Our £5.00 free bet will be credited upon placement of our qualifying bet and must be used on the 14:25 at Goodwood.
By using straightforward matched betting, we should be able to extract at least 80% of the £5.00 free bet as cash, so around £4.00. If we take into consideration our maximum qualifying loss of £0.52, we should make a guaranteed profit of £3.48 on this Ladbrokes offer!
* See my Horse Racing Offers page for a full list of money back offers available today! *
* I actually placed my qualifying bet on Garcia at back odds of 5.50 and lay odds of 5.90. Garcia didn’t win the race, meaning I made a profit of £3.16 on this Ladbrokes offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.