There’s a big day of horse racing at Haydock today and you don’t want to miss this Ladbrokes offer! Bet £20.00 on the 14:20 at Haydock and Ladbrokes will give us a £10.00 free bet to be used on the 14:30 at Newmarket. Translated into matched betting terms, this gives us a guaranteed profit of £6.89 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 after 18:00 on Friday 9th June 2017, to be eligible.
To qualify for a £10.00 free bet on the 14:30 at Newmarket, we must place a bet of £20.00 on the 14:20 at Haydock.
It’s entirely up to you which horse you place your qualifying bet on. At the time of writing, the lay odds are poor, so I’ll use fictional odds for Fantasy Keeper 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 £19.28…
Place £20.00 on Fantasy Keeper @ 3.50 = Potential profit of £50.00
Lay £19.28 on Fantasy Keeper @ 3.65 = Potential loss of £51.09
Let’s have a look at our potential profit/loss for the possible outcomes…
| Fantasy Keeper wins | + £50.00 – £51.09 = £1.09 loss |
| Fantasy Keeper doesn’t win | – £20.00 + £18.89 (£19.28 minus 2% commission) = £1.11 loss |
So, we’ll make a maximum loss of £1.11 in qualifying for our £10.00 free bet.
Free Bet:
Our £10.00 free in play bet will be credited upon placement of our qualifying bet and must be used on the 14:30 at Newmarket.
By using straightforward matched betting, we should be able to extract at least 80% of the £10.00 free bet as cash, so around £8.00. If we take into consideration our maximum qualifying loss of £1.11, we should make a guaranteed profit of £6.89 on this Ladbrokes offer!
* The odds weren’t quite as close as anticipated. I actually placed my qualifying bet on Awesome Allan at back odds of 8.50 and lay odds of 9.80, meaning I made a profit of £5.03 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.