Royal Ascot 2017 gets underway on Tuesday and you don’t want to miss this Ladbrokes offer! Bet £20.00 on the 14:30 at Ascot and Ladbrokes will give us a £10.00 free bet to be used on the 15:05 at Ascot. Translated into matched betting terms, this gives us a guaranteed profit of £6.62 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 19th June 2017 and 14:30 on Tuesday 20th June 2017, to be eligible.
To qualify for a £10.00 free bet on the 15:05 at Ascot, we must place a bet of £20.00 on the 14:30 at Ascot.
It’s entirely up to you which horse you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on Ribchester.
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 £19.00…
Place £20.00 on Ribchester @ 1.90 = Potential profit of £18.00
Lay £19.00 on Ribchester @ 2.02 = Potential loss of £19.38
Let’s have a look at our potential profit/loss for the possible outcomes…
| Ribchester wins | + £18.00 – £19.38 = £1.38 loss |
| Ribchester doesn’t win | – £20.00 + £18.62 (£19.00 minus 2% commission) = £1.38 loss |
So, we’ll make a loss of £1.38 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 15:05 at Ascot.
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 qualifying loss of £1.38, we should make a guaranteed profit of £6.62 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.