Ladbrokes Sign Up Offer – £50 Free Bet

Posted by Matt (administrator) Matt

If you want to know how to beat the bookies, you’re in the right place as I show you how to tackle the Ladbrokes sign up offer for new customers. Simply register today and enter promo code ‘F50’, deposit and place a single bet of £5.00 or more on any sport and Ladbrokes will match your stake with a free bet up to a maximum of £50.00. Translated into matched betting terms, this gives us a minimum guaranteed profit of £35.44 and here’s how…

Ladbrokes Multisport Welcome Offer

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.

The correct promo code (F50) must be entered at the time of registration, otherwise the free bet will not be applied. This offer is only available to new online and mobile customers. It is not available through telephone betting or in Ladbrokes retail shops.

It’s also worth noting that this offer is not available to customers who open new accounts and deposit funds via PayPal, Moneybookers, Paysafe, Neteller or Skrill.

In order to qualify for the free bet, our qualifying bet must be placed on odds of 1.50 (1/2) or over within 14 days of opening our account.

It’s entirely up to you what you place your qualifying bet on, but I’ve included an example of how things might work out using the odds from a football match between Brazil and Paraguay.

I like to place my exchange lay bets with Betfair.

We can calculate our lay stake using my matched betting calculator…

Back Bet (Bookie)


Lay Bet (Betting Exchange)


Min £
Max £
Lay stake required: £
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 £50.47…

Ladbrokes logo

Place £50.00 on Brazil @ 1.615 = Potential profit of £30.75

Betfair logo

Lay £50.47 on Brazil @ 1.65 = Potential liability of £32.80

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

Brazil win+ £30.75 – £32.80 = £2.05 loss
Brazil don't win- £50.00 + £47.94 (£50.47 minus 5% commission) = £2.06 loss

So, regardless of the result of the match, we’ll lose a maximum of £2.06 in qualifying for our £50.00 Ladbrokes free bet.

Free Bet:

Our £50.00 free bet will be credited to our account on placement of our qualifying bet and must be used within 4 days, otherwise it will expire.

By using straightforward matched betting, we should be able to extract 75% cash from our £50.00 free bet, so £37.50. If we take into account our maximum qualifying loss of £2.06, this gives us a guaranteed profit of £35.44!


  1. gazfoot

    make sure you dont sign up with paypal as you dont get free bets .
    i could of swarn yesterday payapl wasnt excluded in free sign up bets when i looked
    but when i didnt get my free bet today i checked t&c and there it was no paypal. im sure they changed it

  2. gazfoot

    I was right full t&c didn’t exclude paypal . i challenged ladbrokes online help and basically they said tough luck its on their other terms conditions . ive put in a complaint with screen shot and if no joy i’ll be contacting gambling ombudsmen

    1. Matt

      If you can prove that they’ve changed the terms and conditions, you should have a case Gaz. Personally, I can’t remember whether PayPal was excluded or not…

  3. banzaiii

    Can confirm that PayPal is now excluded. Unfortunately, I got into that trap too by reading this guide and not checking details Ts&Cs on bookie’s website. It might be a good idea to update this guide…

    1. Matt

      Sorry to hear that banzaiii. I’ve added a note to that effect.

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