Expected Profit – £16.00

Offer Details:

Sign up using promotional code 20FREE and Ladbrokes will give you £20 in free bets when you deposit and place your qualifying bet of £5 at odds of 1.5 or greater. 

Important Offer Information

  • Promo Code: 20FREE
  • Deposit: £5
  • Qualifying Bet: £5
  • Stake Returned: No
  • Minimum Odds: 1.5
  • Free Bets: 4x £5 free bets
  • Expiry: Must be used within 4 days

Before You Start:

Before you claim the offer and start making money you will need to open an exchange account if you have not done so already. To start with we recommend that you use Betfair to place your lay bets.

For more information on exchanges and matched betting strategies please check out our beginners guide

Open Your Ladbrokes Account:

 To claim this offer click on the link below and follow the sign up instructions on the website. You will need to deposit a minimum of £5 in order to place your qualifying bet.

Pro Tip: Ladbrokes has regular reload offers for racing and football from which we can profit. If you are able it isworth depositing a bit extra than the minimum to make you look ike a real punter.

Set Odds to Decimal:

When signing up to Ladbrokes make sure that the promo code ‘20FREE‘ is pre-entered into the ‘contact info’ stage of the sign-up process.

Set Odds to Decimal:

Once you have created your new account you will need to re-set the odds type to ‘Decimal Odds’. To do this you need to click on your ‘My Account‘ (top right) scroll down to ‘Settings’ and select ‘Decimal’ from the options.

Placing Your Qualifying Bet:

In order to place our qualifying £5 bet we need to find a bet with odds of at least 1.5 or more. To limit our liability on the exchange we want to find a bet with odds as close to 1.5 minimum as possible. Football is usually best for your qualifying bets.

Example Bet: Using the matched betting calculator we can work out the profit/loss for a fictitious football match where we have placed a back bet on team A (to win) at odds of 1.5 and a lay bet (to lose) is placed on the exchange at odds of 1.52.

By entering the back stake and odds into the bet calculator we can see that our qualifying lay bet of £5.10 will make a small loss of -£0.15 in order to get our £30 in free bets.

*If you are using OddsMonkey to find your qualifying bets the you will need to set your filters to Ladbrokes and minimum back odds to 1.5

Placing Your Free Bet:

Once you have placed your qualifying bet, Ladbrokes will credit your account with 4x £5.00 free bets. Using the same strategy we should be able to convert 75% (15.00) of the free bet amount into cash. For our free bets we want to look for bets with higher odds (preferably 8.0 or higher) in order to maximise our return.

Free Bet Example: Using the matched betting calculator we can work out the profit/loss for a fictitious football match where we have placed a back bet on team A (to win) at odds of 8.0 and a lay bet (to lose) is placed on the exchange at odds of 8.2.

By entering the back stake and odds into the bet calculator we can see that our qualifying lay bet should be £8.59 which will make a profit of £8.15.

Using the same strategy we will then repeat the process for the remaining £5.00 free bets.

*If you are using OddsMonkey to find your qualifying bets the you will need to set your filters to Ladbrokes and minimum back odds to 8.0

Your Free Bet Profit:

Once we have repeated step 2 in order to use up all of our free bets we should have made a profit of around £15.00 from our matched betting strategy. 

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