It’s the first Grand Slam of 2016 and Ladbrokes are running a belter of an Australian Open offer! New customers can get 6/1 on a Novak Djokovic title or 12/1 on Andy Murray to bring the trophy home. What’s more, if our £10.00 (max stake) bet doesn’t win, they’ll give us our money back as a free bet! This means the most we can actually lose on this offer is £2.00 and here’s how…
Simply register before 01:00 on Monday 18th January 2016, deposit £10.00 and then place your first bet as a single £10.00 bet on either Novak Djokovic or Andy Murray to win the 2016 Australian Open Tennis Men’s Singles.
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 tournament finishing. The extra winnings will be paid in free bet tokens as follows…
| Selection | Normal odds | Enhanced odds | Cash returned | Free bets |
|---|---|---|---|---|
| Djokovic | 4/6 | 6/1 | £16.67 | £53.33 |
| Murray | 6/1 | 12/1 | £70.00 | £60.00 |
By using straightforward matched betting, we can extract approximately 80% cash from any free bet as shown in the following table…
| Selection | Free bets | Extracted | Total cash | Total profit |
|---|---|---|---|---|
| Djokovic | £53.33 | £42.66 | £59.33 | £49.33 |
| Murray | £60.00 | £48.00 | £118.00 | £108.00 |
Place £10.00 on Djokovic or Murray to win
The great thing about this offer is that if our bet loses, Ladbrokes will refund our £10.00 stake as a free bet within 24 hours of our selection getting knocked out. As mentioned above, by using straightforward matched betting, we can extract 80% cash from any free bet, so if we extract £8.00 from our free bet refund, the most we can actually lose on this offer is £2.00!
So, risking £2.00 for £49.33 profit if Djokovic wins or a massive £108.00 profit if Murray wins… Has to be worth a go surely!?
If you’re unsure how to extract 80% from any free bet, please see my free bet strategy page for a walk-through guide on how this should be done.
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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.