If, When, Why, What…..

One from our video vault but very prevalent with so many existing user offers about now (see here)

Recently we have seen a tremendous increase in the number of conditional or “IF” offers from a range of bookmakers but can you actually make a profit from them?

Only one way to find out, with the help of a video and a very handy spreadsheet.

Come and have a look……

Download the spreadsheet, as featured in the video, here

Let’s have a look in black and white too….

Can you make a risk free profit from these types of IF xxxx offers?

The easiest way to understand it, is to think of it just the same way as a normal matched bet, but with a very restricted market for the qualifying bet, and only one market for the free bet!

The Offer

If match A ends 0-0 Bookmaker A will refund all losing 1st/last goalscorer, correct score & scorecast singles on the match upto a certain maximum

In the case of the 0-0 refund offers, your ‘free bet’ will ‘win’ at the bookies, if the game ends 0-0. The amount it will win is equivalent to the stake you place for your qualifying bet.

The most important thing to remember is that, just like with normal matched betting, you should treat the two bets independently of each other – each part makes its own profit or loss, and don’t try and think of too many combinations of outcome.

An important point to remember here is that both events must be mutually exclusive – it must not be the case that both can happen! Otherwise, you could end up winning at the bookie, for the qualifying bet, but having to pay out on the lay on the ‘insurance’/free bet part. As you won’t be receiving anything back from the bookie for this part (as your original bet won) you would end up down in cash. 0-0 insurance is great, as long as you back any other score (a game can’t end with two scores!).

Take a onetime England offer from Paddypower, who said they would refund all losing first goalscorer bets if Wayne Rooney scored anytime in 90 mins, in a particular England match.

This could be guaranteed profitable only if the qualifying event i.e. a correct score bet – did not have any chance for Rooney to score, i.e. you could bet on 1-0 to the opposition, but not 2-1 (as Rooney could have scored England’s 1 goal).

The key is you need to find a very good qualifying bet where the back odds at the bookmaker on the selection I want are close to the lay odds at the betting exchange.

To get a rough calculation of the profit on the 0-0 refund, you need to look at the odds for 0-0 on your exchange (i.e., Betfair). Divide the maximum refund by the lay odds for 0-0 and take off your commission, typically 5% (for example, by multiplying through the answer by 0.95) to get a good approximation.

Here’s an example:

Place a bet and get it refunded if the game ends 0-0. Maximum £100 stake will be refunded.

Say the lay odds available on Betfair are 8.

Then the profit from the 0-0 insurance will be roughly £100/8 * 0.95 = £11.88

So you want a qualifier that loses less than £11.88 to make this worthwhile. You must also note that there may be wagering requirements on the bet refund or the refund may be in the form of a free bet (which may or may not be stake returned). If this is the case, you should approximate how much this will cost you and adjust accordingly!

Say your refund is given as an Stake Not Returned free bet, then you can reasonably expect to make 80% back, the true value of your refunded stake is £24 and the calculation become 24/8 * .95 = £9.50 profit

If you are satisfied that it’s worth doing then place your qualifying bet as normal – you now need to work out how much to lay on the 0-0.

To do this, enter the value refund amount, (remember this will be 100% of the amount for cashback or stake returned offers and 80% of stake not returned ones) as the Back Stake and put in ‘1′ as the Back Odds in the Bet72 Matched Betting spreadsheet. The lay odds for 0-0 and finally enter your exchange commission rate.

This will show the correct lay stake.

All the usual caveats about odds possibly changing mid way through etc do apply, so please bear this in mind and only do this if you are confident you can get your bets on at the prices you are calculating for. If you find an arb, there is no hurry to bet on the 0-0, but it’s some extra profit so why not.
 
OK here’s an example (fictional of course!):

If Match A ends 0-0 Bookmaker A will refund all losing 1st/last goalscorer, correct score & scorecast singles on the match upto £100

Just look to back anything that is mutually exclusive from a 0-0 result i.e. TeamA to win, TeamB to win, any scoreline apart from 0-0, any goalscorer or any HT/FT result other than draw/draw. Whatever gives us the best match up in back/lay odds combination

Once you’ve picked your qualifying bet, match it out for as little loss as possible – back/lay it so that you win/lose the same amount no matter what the result using the regular matched betting calculations.

After that, you then go on to lay the stake refund condition/outcome i.e. 0-0, to lock in a profit.

Example:

Back TEAM A 1-0 @ The Bookmaker at odds of 7 with £100

Lay TEAM A 1-0 @ The Exchange at odds of 7.2 with £97.90 (a £606.99 liability)

This gives a £6.99 loss whatever the outcome.

Then 0-0 @ The Exchange at odds of 10 with £10.05 (a £90.45 liability)

So possible outcomes are on the result are:

Score not 0-0 = +£9.55 (winning 0-0 lay bet less commission @ 5%) – -£6.99 (qualifying bet) = £2.56 profit.

Score is 0-0 = -£90.45 (losing 0-0 lay bet) -£6.99 (qualifying bet) + £100 (stake refund from bookie) = £2.56 profit.

So if you are happy with the potential gain for the time you will spend doing it and amount of cash required and how long it could be tied up for, then you are good to go!

Here’s another old IF example from Cheltenham but still very relevant

The Offer

If Cue Card wins the Supreme Novices Hurdle, Paddy Power will refund single and the win section of each-way bets placed on others runners in the race up to £200/€200.

So we just need to BACK / LAY any other horse in the race and then LAY Cue Card to lock a profit.

Obviously we are still looking at Antepost prices here but as an example (at the time of typing) you could:

BACK Spirit Son at PP with £200 at 6.5
LAY Spirit Son at Betfair with £167.74 at 7.8 (£1140.65 liability)

and LAY Cue Card at Betfair with £58 at 3.5 (£145 liability)

Possible oucomes:

Spirit Son Wins

= +£1100 at PP – £1140.65 at BF + £55.10 (lay on CueCard at BF less 5%) = £14.45 profit

Spirit Son Loses and Cue Card Loses Too

= -£200 at PP + £159.35 at BF (lay on Spirit Son less 5%) + £55.10 (lay on CueCard at BF less 5%) = £14.45 profit

Spirit Son Loses and Cue Card Wins

= 0 at PP (lose £200, get £200 refund) + £159.35 at BF (lay on Spirit Son less 5%) – £145.00 (lay on CueCard at BF) = £14.35 profit

This is an example of splitting the profit equally over all outcomes but of course you could weight the bets to favour one or the other a little more depending on whether you think Cue Card will win or not. So at worse it would be a risk free punt with a decent upside!

As always if you have been affected by any issues raised in this article then please don’t hesitate to contact us at info@bet72.com

Ladbrokes Free £50 Bet

It would appear the boys & girls over at Ladbrokes are full of the joys of summer, as they have now increased their sign up offer to a whooping free £50

Yes just sign up using promo code F50, deposit £50, place a bet on any sports market at odds of 1/2 (1.50) and above and get a free £50 bet. Fantastic!

Needless to say we have this all covered by Oddsmatcher, so why not pick up some instant risk free profit now, just click below to get signed up and away you go.

As easy as 1-2-3….

1. Open a new Ladbrokes account today using the link and promo code F50, deposit and bet a minimum of £5 and get a free matched bet up to £50.

2. On registration, customers must enter promo code F50 to qualify for this offer.

3. To trigger the free bet your initial bet can be up to £50 (min £5) on any sport at odds of 1-2 (1.5) or greater.

It really is that easy. You could get the whole £50 free bet for just a 40p fixed loss at the time of typing this, look….

Screenshot from the Oddsmatcher Calculator

Or of course just drop us a line if you need any further assistance or just want your calculations double checking.

And even if you already have an account yourself then why not spread the love this month by showing your friends, family, next door neighbour or even your friendly local bus driver how easy it is to collect some risk free profits from this offer. That should be worth a drink or two surely!

Here the link you need to get started and start living the Ladbrokes Life!

Up to £/€50 Free Bet T&C’s

1. New Online and Mobile Ladbrokes customers: Simply register today & enter the correct promo code, deposit a minimum of GBP/EUR 5 and then place a single bet of GBP/EUR 5 or more on any sport and we will match your stake with a Free Bet of up to GBP/EUR 50.

2. Correct promo code must be entered at time of registration, otherwise free bet will not be applied.

3. Offer not available through telephone betting or in Ladbrokes retail shops.

4. Free Bet token must be used within 7 days of award, otherwise it will expire.

5. You must be aged 18 years or over to bet and participate in this promotion.

6. In order to qualify for each Free Bet the initiating bet must be placed on odds of 1/2 or over.

7. Qualifying bet must be a GBP/EUR 5 or more placed on any sport. Only the win parts of each-way bets qualify. Tote or pools bets do not qualify for the promotion.

8. The Free Bet will be credited on placement of the qualifying bet and must be redeemed online or on mobile or tablet.

9. Free Bets are non-refundable. The Free Bet stake is not included in any returns.

Black Friday Boosts

Ladbrokes have just announced a series of massive Black Friday price enhancements from 1pm on 27th November. The offers, will be available to all customers on a first come, first served basis to a maximum of £25 per bet until 2pm at the latest.

Here’s the full list:

Bob’s Worth to be placed in Saturday’s Hennessy Gold Cup 3/1 from 7/4

Vautour to win the 2015 King George V1 Chase on Boxing Day 7/2 from 5/2

Un de Sceaux to win the 2016 Queen Mother Champion Chase 5/2 from 6/4

Faugheen to win the 2016 Champion Hurdle 5/2 from 6/4

Man Utd to beat Leicester City on Saturday 6/4 from 5/4

Chelsea to finish the 2015/16 Premier League season in the Top 4 6/1 from 7/2

Barcelona to win the 2015/16 Champions League 7/2 from 11/4

St.Johnstone .v. Dundee tonight Both Teams To Score 5/4 from 5/6

Michael Van Gerwen to win the 2015/16 World Darts Championship 2/1 from 5/4

Klitschko v Fury fight to go the distance 2/1 from 6/4

Rory McIlroy to win a Major tournament in 2016 2/1 from 6/4

So have your Ladbrokes account at the ready for 1pm on Black Friday and if by chance you don’t have one then you can also pickup a free £50 bet when you join too. Win – Win!

Register an account a Ladbrokes using promo code F50 to receive a £50 free bet when placing a first bet of £50.

And don’t forget we have all the latest odds from Ladbrokes in our brilliant odds comparison software Oddsmatcher and Oddsmatcher Pro so you can make the most from every offer

Brazil Boost

Think the boys & girls at Ladbrokes have gone nuts. Brazilian nuts as they are offering a massive price boost on the hosts to lift the World Cup this summer, 7/1, yes not a misprint that is 7/1

This crazy price for Brazil to win the 2014 World Cup will be available from kick off until the first goal is scored during Man City v Chelsea (5.15pm Saturday 15th Feb).

Offer is available online and via our Mobile App. The offer will not be available in our shops or for customers betting via telephone. Qualifying bets: maximum stake is £/€10 and win singles only.One bet per customer at the advertised price. Price is subject to fluctuation.

Just click below for more details….

Terms:

Offer is available online and via our Mobile App. The offer will not be available in our shops or for customers betting via telephone.
Qualifying bets: maximum stake is £/€10 and win singles only.
One bet per customer at the advertised price. Price is subject to fluctuation.

England 66/1 For The World Cup

Ladbrokes are offering a massive price boost on England to lift the World Cup in Brazil this summer as their price going upto every England fans favourite number 66, yes 66/1.

The advertised price for England to win the 2014 World Cup will be available from kick off until the first goal is scored during the following games: West Brom v Liverpool (1.30pm Sunday 2nd Feb), Arsenal v Crystal Palace (4pm Sunday 2nd Feb) and Man City v Chelsea (8pm Monday 3rd Feb).

OK max stakes are only £5 but you never know do you…? Think I’ll be hedging this one off just before Danny Welbeck steps up to take a pen in the quarter finals

Either way it is a cracking price!

Just click Stevie G for more details….

Terms:

1. The advertised price for England to win the 2014 World Cup will be available from kick off until the first goal is scored during the following games: West Brom v Liverpool (1.30pm Sunday 2nd Feb), Arsenal v Crystal Palace (4pm Sunday 2nd Feb) and Man City v Chelsea (8pm Monday 3rd Feb).

2. Offer is available online and via our Mobile App. The offer will not be available in our shops or for customers betting via telephone.

3. Qualifying bets: maximum stake is £/€5 and win singles only.

4. One bet per customer at the advertised price. Price is subject to fluctuation.

5. Ladbrokes accepts no responsibility for system or connection problems that might affect any end user during the promotion.

6. Offer is only open to customers living in the UK & Ireland, and betting on their respective language sites.

7. You must be aged 18 years or over to bet and participate in this promotion.

8. Ladbrokes may determine at its sole discretion whether it believes different bets or accounts are connected to the same person, using whatever methods it deems appropriate.

9. In the event of a breach of these terms and conditions Ladbrokes reserve the right to take such action as it deems appropriate in its absolute discretion.

10. Ladbrokes reserves the right to withdraw this offer at anytime and restrict offers to individual customers at its discretion.

11. The promoter is Ladbrokes Sportsbook LP, a limited partnership registered in Gibraltar, number 44, whose registered office is 57/63 Line Wall Road, Gibraltar.

Instant PlayOff Profits

It’s billed as the richest game in club football so only fair that we should have a few quid from it too so here’s a little bit if instant risk free money over at Ladbrokes today on the Championship Playoff Final thanks to a very nice offer and our Refunds spreadsheet.

If Watford do not win promotion to the Premier League following the Watford v C. Palace match on 27/05/2013, we will refund losing First Goalscorers, Correct Scores and Scorecasts bets on the match , up to £25, in the form of a free bet token.

So all you need to do is just BACK and LAY a winning Watford correct score and then LAY Crystal Palace in the PROMOTION market to lock in some risk free profit, brilliant!

* Using the spreadsheet to lock in over £6 in risk free profit. We back / lay 1-0 Watford at 10 / 10.5 then laid Palace for Promotion at 2.34

In the above example we have adjusted the value of the refund to £20 as it is credited as a free £25 stake not returned bet so you will need to cash that out in the event of a refund.

So grab the sheet, enter the figures into the boxes based on the current odds and play around with the stakes until you are happy with the profit and the liabilities for each of the offers

Download the spreadsheet here

And here is a more detailed explanation of how these types of offers work

http://bet72.com/news/bet72-news/if-when-why-what/

And don’t forget you can pick up a free £30 bet when you open an account too, marvelous!

Terms

Offer is available to new and existing online, phone, mobile and shop customers.
Offer applies to single bets only. Refund will not apply to any multiple bets.
Offer only applies to losing bets placed on the Watford v Crystal Palace match on 27/05/2013.
Qualifying bet must be placed before kick-off. Bets placed in-play do not count.
You must be aged 18 years or over to bet and participate in this promotion.
Maximum refund £/€25 per qualifying market, per customer.
Free bet token will be valid for 7 days.
Stakes will not be returned on winning bets placed with Free Bet tokens.
Only the win portion of each-way bets will be refunded.
One refund per customer per market. Offer applies to first bet placed on the First Goalscorer, Correct Scores and Scorecasts markets.
Void bets do not count.
Bets placed with free bets do not count.
Refund will be credited within 24 hours.
Ladbrokes reserves the right to restrict bonuses to individual customers at its discretion.
Any bets placed from Ukash, MoneyBookers and Neteller deposits will not qualify for this offer.
Free Bet cannot be redeemed on any other online product (Casino, Poker, Bingo, Games, Financial, Lottos, virtuals).
Ladbrokes accepts no responsibility for system or connection problems that might affect any end user during the promotion.
Offer is only open to customers living in the UK, Ireland, Singapore, Malaysia, Thailand, Sweden, Germany, Austria, Switzerland, Russia, Czech Republic, Slovakia, Canada, Ghana, Mauritius, Nigeria, Tanzania Mexico, Chile, Argentina & Columbia and betting on the respective language sites.
Ladbrokes may determine at its sole discretion whether it believes different entries or accounts are connected to the same person, using whatever methods it deems appropriate.
In the event of a breach of these terms and conditions Ladbrokes reserve the right to take such action as it deems appropriate in its absolute discretion.
The promoter is Ladbrokes Betting & Gaming, Imperial House, Imperial Drive, Rayners Lane, Middlesex, HA2 7JW and Ladbrokes Sportsbook LP, a limited partnership registered in Gibraltar, number 44, whose registered office is 57/63 Line Wall Road, Gibraltar.

Ladbrokes Free £25 Bet

Here’s 25 reasons to get excited as the boys & girls over at Ladbrokes have just release a new sign up offer and it’s a free £25.

Yes just sign up using promo code F25, deposit £25, place a bet on any sports market at odds of 1/5 (1.20) and above and get a free £25 bet

Needless to say we have this all covered by Oddsmatcher, so why not pick up some instant risk free profit now, just click below to get signed up and away you go.

It really is that easy.

Or of course just drop us a line if you need any further assistance or just want your calculations double checking.

And even if you already have an account yourself then why not spread the love by showing your friends, family, next door neighbour or even your friendly local bus driver how easy it is to collect some risk free profits from this offer. That should be worth a drink or two surely!

Just click here to get started…..

Free Bet T&C’s

Terms & Conditions
1. New Online and Mobile Ladbrokes customers: Simply register today & enter the correct promo code, deposit a minimum of GBP/EUR 5 and then place a single bet of GBP/EUR 5 or more on any sport and we will match your stake with a Free Bet of up to GBP/EUR 25.

2. Correct promo code must be entered at time of registration, otherwise free bet will not be applied.

3. Offer not available through telephone betting or in Ladbrokes retail shops.

4. Free Bet token must be used within 7 days of award, otherwise it will expire.

5. You must be aged 18 years or over to bet and participate in this promotion.

6. In order to qualify for each Free Bet the initiating bet must be placed on odds of 1/2 or over.

7. Qualifying bet must be a GBP/EUR 5 or more placed on any sport. Only the win parts of each-way bets qualify. Tote or pools bets do not qualify for the promotion.

8. The Free Bet will be credited on placement of the qualifying bet and must be redeemed online or on mobile or tablet.

9. These Terms and Conditions are in addition to our general bonus Terms and Conditions. gambleaware.co.uk I 18+

Ladbrokes: Capital One Refunds

Capital One Refunds

If the Capital One League Cup Semi Final 1st Leg between Chelsea and Swansea City (19:45, 09/01/13) ends in a draw, we will refund losing First Goalscorer bets, up to £25, in the form of a free bet token.

Click Here For More Details – New Users Get a Free £50 Bet Too

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Best Odds For Upcoming Games

Ladbrokes: Goalscorer Refunds

Long Refunds

If Shane Long scores the first or last goal in the West Bromwich Albion v Fulham game (12:45, 1/1/2013), we will refund losing First Goalscorer bets, up to £100, in the form of a free bet token.

Jelavic Refunds

If Nikica Jelavic scores the first or last goal in the Newcastle v Everton game (20:00, 2/1/2013), we will refund losing First Goalscorer bets, up to £100, in the form of a free bet token.

Click Here For More Details – New Users Get a Free £50 Bet Too

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Best Odds For Upcoming Games

Ladbrokes: Goalscorer Refunds

Defoe Refunds

If Jermain Defoe scores the first or last goal in the Sunderland v Tottenham game (12:45pm, 29/12/2012), we will refund losing First Goalscorer bets, up to £100, in the form of a free bet token

Ba Refunds

If Demba Ba scores the first or last goal in the Arsenal v Newcastle game (17:30, 29/12/2012), we will refund losing First Goalscorer bets, up to £100, in the form of a free bet token

Torres Refunds

If Fernando Torres scores the first or last goal in the Everton v Chelsea game (13:30, 30/12/2012), we will refund losing First Goalscorer bets, up to £100, in the form of a free bet token.

Suarez Refunds

If Luis Suarez scores the first or last goal in the QPR v Liverpool game (16:00, 30/12/2012), we will refund losing First Goalscorer bets, up to £100, in the form of a free bet token

Offer is available to new and existing online, phone, mobile and shop customers

Click Here For More Details – New Users Get a Free £50 Bet Too

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Ladbrokes: Leeds v Chelsea Refunds

Pay The Penalty

If the Leeds v Chelsea match is decided by a penalty shoot out (19:45, 19/12/2012), we will refund losing First Goalscorer bets, up to £100, in the form of a free bet token

Offer is available to new and existing online, phone, mobile and shop customers

Click Here For More Details – New Users Get a Free £50 Bet Too

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