Ladbrokes Offer – 14:30 Royal Ascot (Wednesday)

Royal Ascot 2017 continues on Wednesday 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 £6.56 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 Tuesday 20th June 2017 and 14:30 on Wednesday 21st 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 Dream Castle.

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 £18.94…

ladbrokes logo

Place £20.00 on Dream Castle @ 5.00 = Potential profit of £80.00

Smarkets logo

Lay £18.94 on Dream Castle @ 5.30 = Potential loss of £81.44

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

Dream Castle wins + £80.00 – £81.44 = £1.44 loss
Dream Castle doesn’t win – £20.00 + £18.56 (£18.94 minus 2% commission) = £1.44 loss

So, we’ll make a loss of £1.44 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 £1.44, we should make a guaranteed profit of £6.56 on this Ladbrokes offer!

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

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched 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.