The Ladbrokes sign up offer is another perfect starting point for matched betting newbies. Simply sign up, bet £5 and Ladbrokes will give you £20 in free bets. Translated into matched betting terms, this gives you a guaranteed profit of £15+. Let’s work through it one step at a time.
Key terms
- Promotion is not available to customers depositing via Prepaid Cards, Moneybookers, InstantBank, PayPal, Paysafe, Neteller or Skrill.
- Minimum stake of £5.
- Minimum odds of 1.50 (1/2).
- Qualifying bet must be placed within 14 days of account registration.
- 4 x £5 free bets credited upon placement of qualifying bet.
The strategy
This is a straightforward ‘Bet X, Get X‘ offer.
To claim the £20 in free bets, you’ll need to bet £5 at odds of 1.50 (1/2) or greater. You can then use straightforward matched betting to convert your free bets into cash.
Qualifying bet
It’s entirely up to you what you place your qualifying bet on, but you’ll need to find a selection with close back and lay odds. Big football matches are a good place to start looking or any other popular events where plenty of bets will be placed.
If you’d like more information about qualifying bets and how they work, please see my qualifying bets guide.
I’ll use some example odds to illustrate how this offer should be done. Let’s say Liverpool are back odds of 1.50 and lay odds of 1.54 to win a football match.
Use an exchange of your choice
You can calculate your lay stake using my Matched Betting Calculator…
As you can see, the calculator tells you that your lay stake should be £5.03…
Place £5.00 on Liverpool @ 1.50 = Potential profit of £2.50
Lay £5.03 on Liverpool @ 1.54 = Potential liability of £2.71
Let’s have a look at your potential profit/loss for each outcome…
| Outcome | Ladbrokes | Betfair | Profit/Loss |
|---|---|---|---|
| Liverpool win | + £2.50 | – £2.71 | £0.21 loss |
| Liverpool lose or draw | – £5.00 | + £4.77 | £0.23 loss |
So, regardless of whether Liverpool win, lose or draw, you’ll incur a small loss of no more than £0.23. It’s worth it though, as you’ve just qualified for £20 in free bets!
Free bets
Your 4 x £5 free bets will be credited to your account as soon as you place your qualifying bet. The free bets will be valid for 7 days and free bet stakes will not be returned with any winnings.
Repeat the matched betting process for each of your free bets, but this time select the ‘Free Bet‘ option on the calculator. If you’re still a bit unsure of the process and would like to walk through using your free bets step by step, see my free bets guide.
You should be able to get £16 cash (80%) from your £20 in free bets. If you take into account your maximum qualifying loss of £0.23, this gives you a guaranteed profit of £15.77 on the Ladbrokes sign up offer!
There are plenty more offers like this one to profit from and you can find them all on my New Customer Offers page.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.