Ladbrokes Offer – 14:05 Newmarket (Saturday)

There’s a big day of racing at Newmarket today and Ladbrokes are getting in on the action! Place a bet of £5.00+ on the 14:05 at Newmarket and if our selection wins by 3+ lengths, Ladbrokes will double our winnings as a free bet, up to a maximum of £100.00. Translated into matched betting terms, this gives us a potential profit of £79.72 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 they should be done.

Qualifying bets must be placed between 08:00 and 14:05 on Saturday 5th August 2017, to be eligible.

To qualify, we must place a £5.00+ bet on the 14:05 at Newmarket. If our selection wins the race by 3+ lengths, Ladbrokes will double our winnings in free bets, up to a maximum of £100.00. If eligible, free bets will be credited within 24 hours of our bet being settled and will be valid for 48 hours. Free bet stakes are not included in any returns.

It’s entirely up to you which horse you go for. Having looked at the odds available, I’ve opted to place my qualifying bet on To Eternity.

In order to work out our back stake, we need to divide £100.00 by 7.00 (back odds minus 1.00). This gives us a back stake of £14.29. It’s best we stick to round numbers when placing our qualifying bet, so I’ll be staking £15.00 instead.

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…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £15.04…

Ladbrokes logo

Place £15.00 on To Eternity @ 8.00 = Potential profit of £105.00

smarkets white

Lay £15.04 on To Eternity @ 8.00 = Potential liability of £105.28

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

To Eternity wins by less than 3 lengths + £105.00 – £105.28 = £0.28 loss
To Eternity wins by 3+ lengths + £105.00 – £105.28 + £80.00 (extract 80% from our £100.00 free bet) = £79.72 profit
To Eternity doesn’t win – £15.00 + £14.73 = £0.27 loss

So, we’ll make a nice profit of £79.72 if To Eternity wins the race by 3+ lengths and we stand to lose a maximum of £0.28 on any other outcome. Risking £0.28 to make a profit of £79.72 gives us effective odds of 285.71, which I’m sure you’ll agree, makes this a very profitable offer in the long run.

If you’re unsure how to extract 80% cash from a £100.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

* See my Horse Racing Offers page for a full list of money back offers available today! *

* To Eternity won the race by 6 lengths, meaning I made a profit of £79.72 on this Ladbrokes offer. *

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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.