It’s the Queen’s Championship Final 2017 this afternoon and Ladbrokes are getting in on the action! Simply place a Set 1 Correct Score bet on Marin Cilic v Feliciano Lopez and if it loses, Ladbrokes will refund our stake as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a guaranteed profit of £5.00+ and here’s how…
Qualifying Bet:
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
Qualifying bets must be placed between 21:00 on Saturday 24th June 2017 and 14:00 on Sunday 25th June 2017, to be eligible.
Losing stakes are refunded as a free bet, so this is effectively a risk-free offer. We therefore need to select a Set 1 Correct Score with long odds. At the time of writing, the lay odds are unavailable, so I’ll use fictional odds for 6-4 to Feliciano Lopez in the following example and I’ll update the bottom of the post with my actual selection after the match.
We’ll need to place our lay bets on the Betfair Exchange as Smarkets do not currently offer set betting markets.
We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £8.00 as our ‘Cashback’ figure as this is the amount we can expect to extract (80%) from our £10.00 free bet refund, should our bet lose…
As you can see, the calculator tells us that our lay stake should be £7.38…
Place £10.00 on 6-4 Lopez @ 8.00 = Potential profit of £70.00
Lay £7.38 on 6-4 Lopez @ 9.80 = Potential liability of £64.94
Let’s have a look at our potential profit/loss for the possible outcomes…
| Lopez wins 6-4 | + £70.00 – £64.94 = £5.06 profit |
| Lopez doesn’t win 6-4 | – £10.00 + £7.01 + £8.00 (extract 80% from our £10.00 free bet) = £5.01 profit |
So, regardless of the outcome of the 1st set and with some good odds, we should make a guaranteed profit of £5.00+ on this Ladbrokes offer!
If our selection loses, our free bet will be credited within 24 hours and will be valid for 7 days.
If you’re unsure how to extract 80% cash from a £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
* Unfortunately, the lay odds for the ‘Set 1- Correct Score’ market were very poor. I therefore decided not to lay my 7-6 Marin Cilic qualifying bet and instead let it run as a value bet. Marin Cilic won the first set 6-4, meaning I made a £2.00 loss on this Ladbrokes offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.