Ladbrokes newbie compared to Ladbrokes standard offer

• There is a newbie offer on the matchedbettingblog for Liverpool v Arsenal on January 11.

  I can register with Ladbrokes and deposit £10.

  If I place £10 on Arsenal to win, the tables indicate I will receive £24 cash plus £46 as a free bet. I can then use the free bet to extract approx £36.80 (80% of the free bet). My total winnings will be £50.80

  If Arsenal do not win I receive a free £10 bet that I can use to extract approx £8 (80% of the free bet). Total loss £2

  So I could win £50.80 or lose £2

  However, if I sign up to Ladbrokes using their standard offer, I think I can deposit £50, use it to place a matched bet and finish up with a small loss, say £5. I will then qualify for a free £50 bet that I can use to extract approx £40. So I will be in profit by approx £35.

  So why is the newbie offer being recommended as a ‘belter of an offer’ as it seems to be more of a gamble? Is it because I will have to deposit more of my own money when I lay my free bet using the standard offer?

  Thanks for your help

  +0

  

  mike d

  0

  January 11, 2016 at 9:44 pm