Ladbrokes Newbies – Super Bowl 50 Offer – £41.99 Guaranteed Profit

February 5, 2016 / NFL / 18 Comments

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…

Ladbrokes Offer - 2016 Super Bowl 50

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.


Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Adjust your lay stake

Min £
Max £

Lay stake required: £

Bookie
Exchange
Total
If back (bookie) bet wins
= £
If lay (exchange) bet wins
= £
Bookie
Exchange
Cashback
Total
If back
bet wins
= £
If lay
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 £44.89…

ladbrokes

Place £10.00 on Carolina Panthers @ 1.444 = Potential profit of £4.44

smarkets white

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!

Share this

18 Comments

  1. Andrew

    February 5, 2016
    / Reply

    I am being stupid I know but for the life of me I cant see where the £43.99 comes from if the lay bet wins. Could someone tell me please, its been a long week haha and i dont have ladbrokes yet so this could be a good one to get on.

    • Matt

      Matt

      February 5, 2016
      / Reply

      It's your £44.89 lay stake minus 2% commission mate.

  2. Andrew

    February 5, 2016
    / Reply

    I knew it would be something simple, thank god its Friday, thanks Matt.

  3. pbetts

    February 5, 2016
    / Reply

    Hi matt, is this instead of the £50 bonus?
    Cheers

    • Matt

      Matt

      February 5, 2016
      / Reply

      Yes it's one or the other mate. This is slightly more profitable than their standard welcome offer, which you can make around £38.50 from > https://mb.tips/Lads-Free-50.

  4. davew66

    February 5, 2016
    / Reply

    Matt, I'm brand new to matched betting so please excuse my ignorance if the following is rubbish. The problem is that in your possible outcomes above, I don't understand why you would bother to place a lay bet. If Carolina Panthers win, the profit is reduced by £22.90 and if Carolina Panthers lose, you only get £43.99 of your £44.89 lay stake back, a loss of 90p. This loss is in addition to the to the approx £2 loss when matched betting the £10 free bet. How can the £43.99 -£2 =£41.99 be considered profit when it is only the return of most of your lay bet?

    • Matt

      Matt

      February 6, 2016
      / Reply

      Hi Dave. If you don't place a lay bet on Carolina Panthers and Denver Broncos win, you will have lost your £10.00 stake and you'll be able to extract £2.00 from the free bet refund, giving you an overall loss of £2.00. If you don't place a lay bet, yes you'll make more profit if Carolina Panthers win but if they don't, you've made a small £2.00 loss. By placing the lay bet, you are guaranteed to make £41.99 profit regardless of who wins the Super Bowl.

      • Dave

        February 6, 2016
        / Reply

        Matt,
        Many thanks for the advice and for the fantastic website.

        • Matt

          Matt

          February 6, 2016
          / Reply

          You're welcome Dave!

  5. Johnson

    February 5, 2016
    / Reply

    Hi,
    I have just placed the bet of 44.90 on smart markets but it only took the liability, is that right?

    • Matt

      Matt

      February 5, 2016
      / Reply

      That's correct mate. The liability is the amount you stand to lose if your lay bet loses so that is the amount deducted from your balance.

      • Johnson

        February 6, 2016
        / Reply

        Thanks for the help!

  6. Dave

    February 6, 2016
    / Reply

    I note that the total value of the free bet tokens must be used in one bet. Any good ideas on how to extract the maximum profit from them without needing to load the betting exchange with lots of money to cover potential liabilities?

    • Matt

      Matt

      February 6, 2016
      / Reply

      Ideally, free bets need to matched at high odds in order to maximise profits. The tighter the odds, the more we can extract. There's nothing wrong with matching at lower odds, but your overall profit figure will be reduced accordingly.

  7. Bradley

    February 7, 2016
    / Reply

    Hi Matt

    When I'm placing my lay bet with Smarkets, which button is it i need to click? It is the Blue button against the panthers to win yes? which is currently 1.5

    • Matt

      Matt

      February 7, 2016
      / Reply

      Yes the blue buttons are the lay buttons mate.

      • Bradley

        February 9, 2016
        / Reply

        Thanks Matt appreciate. Getting in the swing of this now!

  8. Betbuddy

    February 8, 2016
    / Reply

    Its a same that the Cardinals lost but i still won money lol!
    Profit has been made!

    BB Out


Get involved!

Your email address will not be published. Required fields are marked with *.

Leave a Reply