Royal Ascot 2019 gets underway on Tuesday and Ladbrokes are getting in on the action! They’re giving all customers a £1.00 free bet to use on any race on Day 1 of the Festival! Translated into matched betting terms, this gives us a risk-free potential profit of £6.50 and here’s how…
Key Terms:
- We must log in to the Ladbrokes app between 18:00 on Monday 17th June 2019 and 17:35 (last race) on Tuesday 18th June 2019.
- This offer is limited to 100,000 tokens.
- Free bet will be available to use on any Royal Ascot race on Tuesday 18th June 2019.
Free Bet:
With the free bet being so small, I suspect many will be happy to just punt this for a risk-free shot at a decent return.
It’s entirely up to you what you place your free bet on. Having looked at the odds available, we could place our free bet on Coeur de Lion to win the 17:00 at Royal Ascot.
Place £1.00 free bet on Coeur de Lion @ 7.50 = Potential profit of £6.50
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Outcome | Bookie | Profit/Loss |
|---|---|---|
| Coeur de Lion wins | +£6.50 | £6.50 profit |
| Coeur de Lion doesn’t win | -£1.00 free bet | £0.00 |
So, if Coeur de Lion wins, we’ll make a nice profit of £6.50 on this Ladbrokes offer! Any other outcome and we’ve lost our free bet and there’s no harm done.
* Coeur de Lion failed to win the race, resulting in break even 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.