The Super League Grand Final takes place at Old Trafford on Saturday and you don’t want to miss this Ladbrokes offer. Simply bet £5.00+ on Castleford Tigers or Leeds Rhinos to win and if any forward scores the first try, Ladbrokes will double our winnings up to £50.00, in free bets! Translated into matched betting terms, this gives us a potential profit of £36.71 and here’s how…
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.
Qualifying bets must be placed between 06:00 on Friday 6th October 2017 and 18:00 (kick-off) on Saturday 7th October 2017, to be eligible.
To qualify, we must place a £5.00+ Single bet on Castleford Tigers or Leeds Rhinos to win in the Match Betting market. If a forward scores the first try, Ladbrokes will double our winnings in free bets, up to a maximum of £50.00. If eligible, free bets will be credited within 24 hours of our bet being settled and will be valid for 4 days. Free bet stakes are not included in any returns.
It’s entirely up to you who you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on Leeds Rhinos.
In order to work out our back stake, we need to divide £50.00 by 1.60 (back odds minus 1.00). This gives us a back stake of £31.25. It’s best that we stick to round numbers when placing our qualifying bet, so I’m going to stake £30.00 instead.
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.
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £28.89…
Place £30.00 on Leeds Rhinos @ 2.60 = Potential profit of £48.00
Lay £28.89 on Leeds Rhinos @ 2.72 = Potential liability of £49.69
Let’s have a look at our potential profit/loss for the possible outcomes…
| Leeds Rhinos win and a forward doesn’t score the first try | + £48.00 – £49.69 = £1.69 loss |
| Leeds Rhinos win and a forward scores the first try | + £48.00 – £49.69 + £38.40 (80% extracted from £48.00 free bet) = £36.71 profit |
| Leeds Rhinos don’t win | – £30.00 + £28.31 = £1.69 loss |
So, if Leeds Rhinos win and a forward scores the first try, we’ll make a nice profit of £36.71. Any other outcome and we’ll lose £1.69. Risking £1.69 to make a profit of £36.71, gives us effective odds of 22.72, which I’m sure you’ll agree makes this a profitable offer in the long run.
* Leeds Rhinos won the match 24-6 but unfortunately the first try of the match was scored by Tom Briscoe who plays as a centre/winger (back) for Leeds Rhinos, meaning I made a loss of £1.69 on this Ladbrokes offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.