3. Ladbrokes - Bet £5 Get £20 | Matched Betting Walkthrough
Please Note: Odds and offers fluctuate over time. This guide is representative of what odds/offers were available at the time of posting. Please find the current offer for you at the time of placing bets.
Before I start, I need:
A Profit Accumulator Membership for the offer detail, oddsmatcher software and matched betting calculator. (Platinum Membership is fine, no need for Diamond)
A new account with the bookmaker listed above
A betting exchange account. I use Smarkets.
Expected Profit (~75%): £14-£16
Key Information:
Offer: Bet £5, Get £20
Minimum Odds: 1.5
Free Bet Credited: On placement of qualifier bet
Qualifier Bet:
To find a good qualifier bet I used the Profit Accumulator Oddsmatching Software to find a close odds match. I set the minimum odds to 1.5 so we meet the free bet criteria.
Example Screenshot:
Once finding a good match, head over to the Profit Accumulator Matched Betting Calculator to calculate your bets.
Example Calculation (DO NOT USE THESE EXACT VALUES!):
Qualifier Bet Outcome:
Bet | Bookie | Odds | Amount | Result | Overall |
West Brom | Ladbrokes | 1.70 | £5 | LOSE | -£5 |
AGAINST West Brom | Smarkets | 1.70 | -£3.54 | WIN | +£4.96 |
Qualifier Bet Total: -£0.04
Free Bet:
We now have our £20 free bet credited and this is where we can start to make some cash!
With the free bet we follow the same principal as we did with the qualifier bet, however this time we look for higher odds. Higher odds mean higher profits. (Please consider that the higher the odds, the more money we need to back the bets up with, so if you have a smaller bank I would suggest sticking to odds around 4.0-6.0)
Once again I used the Profit Accumulator Oddsmatching Software to find a close odds match:
Example Screenshot:
I go to the Profit Accumulator Matched Betting Calculator to calculate the bets ensuring I select the "Free Bet (SNR)" Calculator:
Example Calculation (DO NOT USE THESE EXACT VALUES!):
Free Bet Outcome:
Bet | Bookie | Odds | Amount | Result | Overall |
Pink Crystal (Horse) | Ladbrokes | 6 | FREE BET | LOSE | £0 |
Against Pink Crystal (Horse) | Smarkets | 6.4 | -£84.65 | WIN | +£15.36 |
Free Bet Total: +£15.36
That is the end of the sign up offer!
Summary:
Qualifier Bet Total | -£0.04 |
Free Bet Total | +£15.36 |
Profit | +£15.32 |
Running Total | +£53.26 |
Matched betting isn't a straight forward concept to grasp. If you are trying to do it for free it's tough. A Profit Accumulator subscription is worth its weight in gold. It gives you all the tools you need, and within 2 small offers you've made your monthly subscription costs back and are into profit.
They offer a free trial too if you wanted to see what there tools are like. They don't ask for any card details either so there is no obligation to continue!