Ladbrokes Sign Up Offer (2023) | How to Make £15.50 Profit

Description

Key terms

The promotion is available from 18:00 on 20th May 2021 to 23:59 on 31st December 2023.
Promotion is not available to new customers depositing funds with Prepaid Cards, Moneybookers, InstantBank, PayPal, Paysafe, Neteller or Skrill.
Minimum deposit of £5.
The minimum cumulative stake is £5.
Minimum odds of 1.50 (1/2).
Qualifying bet(s) must be placed within 14 days of account registration.
4 x £5 free bets credited upon placement of your qualifying bet(s).
Free bets will be valid for 7 days.
Free bet stakes will not be returned with any winnings.

Always check the terms of an offer yourself before placing any bets. Bookmakers can amend their terms anytime, so it’s always worth double-checking.

Account setup

Deposit £5 using a debit card.
Switch to decimal odds.

Qualifying bet

Check the back odds at Ladbrokes and the lay odds at the betting exchange to find a suitable selection. Your qualifying bet must be placed at minimum odds of 1.50 (1/2).
Use the ‘Qualifying Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
Place your £5 qualifying back bet at Ladbrokes (within 14 days of registering).
Place your lay bet against the same selection at the betting exchange.

Free bets

Your 4 x £5 free bets will be credited upon placement of your qualifying bet.
Check the back odds at Ladbrokes and the lay odds at the betting exchange to find a suitable selection.
Use the ‘Free Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
Place your first £5 free back bet at Ladbrokes (valid for 7 days after being credited).
Place your lay bet against the same selection at the betting exchange.
Repeat steps 10-13 for your remaining 3 x £5 free bets.

Limit your qualifying loss to around £0.50 as a rough guide, and aim for £16 cash (80%) from your £20 in free bets. Based on those figures, you should make a £15.50 profit on this Ladbrokes offer.

General advice and example for ‘Bet X, Get Y’ offers

Place your qualifying bets at low odds, ensuring you meet any minimum odds requirement. Use the ‘Qualifying Bet’ setting on the Matched Betting Calculator to calculate your lay stakes.

Once received, you can convert any free bets or bonuses into cash. Use the ‘Free Bet’ setting on the Matched Betting Calculator to calculate your lay stakes. It’s best to place free bets at high odds to maximise your profits.

See my ‘Bet X, Get Y‘ guide for a complete walkthrough of this offer type.

Learn matched betting the free, easy way.

The Matched Betting Academy

Logically structured to tackle strategies and offers as you’re ready for them.
Bag profits every step of the way. About £600 from welcome offers, and another £500 monthly.
Make £15 from your very first offer.

Get Started

Screenshot of the Matched Betting Academy

Got a question?
Leave me a comment below…

I usually respond within 24 hours.

Matt Kirman – Matched 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.

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Jason K
Guest user

Really great guide but confused about placing the free bets. There doesn’t seem to be a way to combine the 4x £5 free bets to make a £20 bet in total. It is only allowing me to add the one free bet to a £20 stake. Am I missing something?

+3
Reply March 10, 2019 at 12:09 pm
1. Matt
  1368
  
  Rather than crediting one £20.00 free bet, Ladbrokes credit it as 4 x £5.00 free bets.
  
  You’ll need to use them separately, but you should be able to place them all on the same selection if you wish and then place the one lay bet.
  
  +4
  Reply March 10, 2019 at 12:28 pm
Ben
Guest user

This offer has now expired.

+2
Reply January 30, 2021 at 8:39 am
1. Matt
  1368
  
  It’s still available Ben.
  
  +2
  Reply February 2, 2021 at 12:50 pm
Rodge
Guest user

I registered with Ladbrokes today and placed my £5 bet following all of your guide, but I have not received any free bets yet, the offer is still active as I’ve checked and I’m sure I’ve done nothing wrong, I bet on a footy match at 1.50 and deposited by Debit Card. Have I missed something?

+2
Reply February 13, 2021 at 12:26 am
1. Matt
  1368
  
  That’s unusual Rodge. It sounds like you’ve satisfied the qualifying criteria without any problems. The free bets should have been credited on placement of your qualifying bet, so I would be inclined to query it via live chat.
  
  +2
  Reply February 13, 2021 at 8:27 am
  1. Rodge
    Guest user
    
    So apparently the bet qualified but won’t be available until the qualifying bet settles, I assumed it would be available straight after placing the bet
    
    +2
    Reply February 13, 2021 at 10:18 am
    1. Matt
      1368
      
      Hmmm well at least you know they’ll be credited soon then. They should change the wording on their promotion page…
      
      Place cumulative qualifying stakes to a total of £/€5 win or £/€5 each-way at odds totalling 1/2 or greater.
      You’ll be credited with 4 x £/€5 Free Bets to use straight away!
      
      +2
      February 13, 2021 at 11:23 am
David
Guest user

Hey Matt, just wanted to reassure myself I’ve done the right steps so far. So I’ve signed up to Ladbrokes and got the offer. I’ve placed a £5 bet on Chelsea to win tomorrow night at 1.75. I’ve then gone on Betfair ex and layed on Chelsea odds of 1.81 at £4.89 (this is what I calculated on your calculator tool) – is this right so far? Thank you in advance really new to all this.

+3
Reply October 24, 2022 at 9:39 pm
1. Matt
  1368
  
  Yes, spot on David. You’ll incur a small loss of £0.21 no matter the outcome. You should already have received £20.00 in free bets, and that’s where your profit comes from. If you need any help converting those into cash, just give me a shout.
  
  +2
  Reply October 25, 2022 at 7:31 am
Owen
Guest user

I’m finding it hard to hit the 80% profit target on a lot of these deals. Usually the profit for I’m getting for a £5 free bet is somewhere about the £3.00 – £3.50 mark, and rarely more than £4. Am I missing something? Smarkets denied me the 0% commission offer but it can’t be that…

+2
Reply February 27, 2023 at 5:53 pm
1. Matt
  1368
  
  What markets are you looking at, Owen?
  
  Football ‘Match Odds’ markets are the best place to look first. I’m seeing Wolves at back odds of 7.00 (6/1) to beat Liverpool tomorrow. The lay odds are 7.60 for just short of £4.00 profit.
  
  Horse racing is another option when converting free bets into cash.
  
  +3
  Reply February 28, 2023 at 4:37 pm
t_aar@vos
0

You can’t even place all 4 of the bets on a single selection. Lost an extra pound due getting carried away and laying it first. Never make that mistake again.

+0
Reply May 29, 2023 at 10:22 pm
1. Matt
  1368
  
  It’s easy to get carried away when starting out. As you’ve discovered, though, always place your ‘back’ bets first.
  
  +1
  Reply May 30, 2023 at 10:26 am
  1. t_aar@vos
    0
    
    I do have a request though. Could you make a guide just before the first matched bet at the exchange as to how to best maximise profits as I’m consistently not hitting the guaranted profit and understand its due to the difference in odds for both lay and back bets.
    
    It would be nice to know at which range you should aim for as to minimise your qualifying loss while ensuring you meet the terms of the bookie. Then the range of odds to maximise your returns following the free bet.
    
    +0
    Reply May 30, 2023 at 9:45 pm
    1. Matt
      1368
      
      I think you may find my Qualifying Bets Guide and Free Bets Guide useful.
      
      Generally, you want to be placing qualifying bets at low odds. The difference between the odds should be fairly small. For example, back odds of 2.00 and lay odds of 2.10.
      
      With free bets, you want to be placing them at high odds, ideally at 5.00 and above. The difference between the odds will be a bit bigger than it is with low odds. For example, back odds of 6.00 and lay odds of 6.40.
      
      Don’t worry too much about hitting the guaranteed profit figures every time, as long as you’re somewhere close. It won’t do your account any harm, mixing in some lesser odds every now and again.
      
      +1
      May 31, 2023 at 10:44 am
t_aar@vos
0

Ah that’s fine. I just thought there was a tight range that I had to follow between lay and back bets. Thanks for all your help.

+0
Reply June 4, 2023 at 3:55 pm
1. Matt
  1368
  
  You’re welcome!
  
  +0
  Reply June 7, 2023 at 9:47 pm
Danielbal
0

Hi Matt, thank you very much for your blog.

Do you know how to use the promotions that require opt-in? There was a promotion bet 5£ and get 3×2£ free bets in Ladbrokes but I did not get it.

+0
Reply August 2, 2023 at 7:40 pm
1. Matt
  1368
  
  You’re welcome, Daniel!
  
  I don’t think I’ve seen that offer. Usually with ‘opt-in’ offers, there’s an opt-in button on the promotion page.
  
  +1
  Reply August 2, 2023 at 8:42 pm
  1. Danielbal
    0
    
    It is still there. Do you need sometimes to claim the free bets of the promotions? In this case I am pretty sure I got the qualification but I did not receive the free bet.
    
    +0
    Reply August 4, 2023 at 2:41 pm
    1. Matt
      1368
      
      It may be something live chat could help you with. Ladbrokes usually credit their free bets automatically.
      
      +0
      August 4, 2023 at 9:30 pm