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You would have seen Ladbrokes betting shops splattered across many highstreets up and down the UK. They have an easy bet and get welcome offer and then lots of ongoing reload offers and great price boosts for us to profit from in the long-term.
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To turn the fractional odds displayed at Ladbrokes into decimals just click the settings icon in the top-right corner and choose the decimal odds format.
For this first qualifying bet, we recommend selecting a team to bet on at Ladbrokes with odds between 1.51 and 280. This is to keep your liability (balance needed in Smarkets) low.
For clarity, if you select a team with odds of 1.40 (which is below the minimum odds), and place this bet, Ladbrokes will not then grant you your free bet.
(If you don’t have Smarkets Exchange yet you can sign up here to get a £10 risk-free bet)
Ideally you need a maximum 10% (or around 0.2) increment between the back odds at Ladbrokees and the lay odds at Smarkets.
For example, if the team you select at Ladbrokes have odds of 2.3, your Smarkets lay odds should not be higher than 2.5. This is to minimise your qualifying loss.
You will now need to enter:
The calculator then works out your lay stake amount, which you will use for your against bet at Smarkets.
> Check your Smarkets balance is greater than your calculator liability.
> Reduce the chance of partially-matched bets or un-matched bets by making sure the liquidity (amount under blue lay box) is larger than your lay stake amount.
If Ladbrokes are offering a boost in the betslip – ignore it for now.
Place your bet at Ladbrokes first and check it’s confirmed.
Next place your lay bet at Smarkets using the lay stake from your calculator.
Your 4 x £5 free bets will be credited shortly after your qualifying bet has been placed. Remember – you only have 4 days in which to use these free bets.
We now have to repeat the same process we used to do our Qualifying Bet but with a few slight differences…
#WDP Hot Tip on Ladbrokes Free Bets As we only have 4 days we recommend using your first two £5 free bets on one game and then your last two £5 free bets on another game. (This is the equivalent to doing 2 x £10 free bets).
We have created a table for you below to see what amount of liability you will need in Smarkets to obtain certain profits based on you using 2 of your £5 free bets at the same time (i.e. a £10 free bet).
|BOOKMAKER ODDS||LIABILITY (Balance needed in Smarkets)||YOUR PROFIT PER £10 FREE BET|
To help you out, we also talk about the best matches to place your free bets on in our weekly Potential Bet Selections Blog.
Enter your free bet stake, with your back odds from the bookmaker and lay odds from the exchange.
The calculator will work out the lay stake amount you need to use at Smarkets to make your profit. Here’s an example of what your calculator will look like based on combining two £5 free bets on one game:
Remember to do your important checks (Smarkets balance > liability; Smarkets liquidity > lay stake) before placing your free bet.
Remember to select your free bet in your betslip at Ladbrokes. Also to place your bet at Ladbrokes first.
You can only put through one £5 free bet at a time, so you’ll have to select the same bet again and select the 2nd £5 free bet in the betslip to put through a total of £10 in free bets.
Once these are confirmed, head over to Smarkets and place your lay bet using the lay stake amount your calculator is showing.
Finally, repeat the entire process again with your remaining £5 free bets.
You have just secured another £12+ of matched betting profit with the Wild Dog Profits team!
Keep up the great work, and don’t forget to check your email for any extra free bet promotions you may have been sent by the bookies you’ve already done..
Don’t forget to log your profit in our profit tracker here. We have profit competitions on our Facebook Group each month which you can take part in if you track your profits!
Watched the videos and read the guides but still unsure what to do or worried you might make a mistake? Don’t worry we’re here to help!
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Visit our Potential Bet Selections blog to find Qualifying and Free Bets available this week.