It’s Croatia v England on Wednesday for a place in the World Cup 2018 Final and you don’t want to miss this Money Back Special from Ladbrokes! Simply place a bet on selected markets for Croatia v England and if our bet loses, Ladbrokes will give us our money back as a free bet, up to £10.00. Translated into matched betting terms, this gives us a guaranteed profit of £5.22 and here’s how…
The Terms:
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.
The eligible markets for this offer are First/Last/Anytime Goalscorer, Correct Score and #GetAPrice. If our bet loses, Ladbrokes will refund our stake as a free bet, up to a maximum of £10.00.
Qualifying bets must be placed between 08:00 on Tuesday 10th July 2018 and 19:00 (kick-off) on Wednesday 11th July 2018, to be eligible.
Qualifying Bet:
Losing stakes are refunded as a free bet, so this is effectively a risk-free bet offer. We therefore need to select something with long odds. Having looked at the odds available, we could place our qualifying bet on 2-1 England in the Correct Score market.
At the time of writing, laying our bet at Smarkets gives us the biggest guaranteed profit.
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, should our bet lose…
As you can see, the calculator tells us that our lay stake should be £7.37…
Place £10.00 on 2-1 England @ 10.00 = Potential profit of £90.00
Lay £7.37 on 2-1 England @ 12.50 = Potential liability of £84.75
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| 2-1 England | + £90.00 – £84.75 = £5.25 profit |
| Not 2-1 England | – £10.00 + £7.22 + £8.00 (extract 80% from our £10.00 free bet) = £5.22 profit |
So, regardless of the outcome, we’ll make a guaranteed profit of £5.22 on this Ladbrokes offer!
If our selection loses, our free bet will be credited within 24 hours of our qualifying bet being settled. Free bets will be valid for 24 hours and free bet stakes will not be returned with any winnings.
If you’re unsure how to extract around 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.
* The match was drawn 1-1 after 90 minutes, resulting in a profit of £5.22 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.