Kick-off time (GMT): 07/02/2016 : 23:30
It’s Super Bowl weekend and Ladbrokes are running a belter of an offer! New customers can get 8/1 (enhanced from 4/9) on Carolina Panthers to win Super Bowl 50. What’s more, if our £10.00 (max stake) bet doesn’t win, they’ll give us our money back as a free bet! All of this means we can make a guaranteed profit of £41.99 and here’s how…
Simply register before 23:30 on Sunday 7th February 2016, deposit £10.00 and then place your first bet as a single £10.00 bet on Carolina Panthers to win the Super Bowl 50.
Winning bets will be settled at the standard price and the additional winnings from the enhanced price paid into our account within 24 hours of the match conclusion. The extra winnings will be paid in free bet tokens. Losing bets will be refunded as a free bet.
The odds of Carolina Panthers winning, at the time of writing, are 4/9 so a £10.00 bet would return £14.44 cash and £75.56 in free bet tokens.
By using straightforward matched betting, we can extract approximately 80% cash from any free bet, so in this case £60.45, giving us total cash returns of £74.89!
The fact that we are betting £10.00 to return £74.89, means we are getting effective odds of 7.489 and we can enter these effective back odds into my matched betting calculator to calculate our lay stake. We need to use the ‘risk-free’ setting to factor in our £10.00 free bet refund, should Carolina Panthers not win. We can enter £8.00 as our cashback figure as this is the amount we would expect to extract from a £10.00 free bet.
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.
As you can see, the calculator tells us that our lay stake should be £44.89…
Place £10.00 on Carolina Panthers @ 1.444 = Potential profit of £4.44
Lay £44.89 on Carolina Panthers @ 1.51 = Potential liability of £22.90
Let’s have a look at our potential profit/loss for the possible outcomes…
|Carolina Panthers win||+ £4.44 + £60.45 (extracted from £75.56 free bet) – £22.90 = £41.99 profit|
|Carolina Panthers don't win||- £10.00 + £8.00 (extracted from £10.00 free bet refund) + £43.99 = £41.99 profit|
So regardless of the result of Super Bowl 50, we will make a guaranteed profit of £41.99!
This new customer offer is even more profitable than Ladbrokes’ standard welcome offer so don’t miss out!