188BET Offer – 10% Money Back on Euro 2016

Euro 2016 promises to be a fantastic month of football action and you don’t want to miss this 188BET offer! Simply place a minimum of 5 bets of £10.00 or more throughout the tournament and 188BET will refund 10% of our net losses as a free bet, up to a maximum of £100.00. Translated into matched betting terms, this gives us a potential profit of £20.00-£40.00 and here’s how…

The Terms:

188BET will refund 10% of our Euro 2016 net losses between 00:01 (BST) on Friday 10th June 2016 and 23:59 (BST) on Sunday 10th July 2016. Refunds will be in the form of a free bet, which will be credited within five (5) working days of the tournament ending. We will have up to 30 days to complete the 2 x rollover (at minimum odds of 1.90 or greater).

A minimum of five (5) bets of £10.00 or more, must be placed during the promotion period, to be eligible.

To claim on this promotion, we must email the promotion code ‘EURO100’ and our 188BET username to promo@188service.com using our email address as registered with 188BET, by 23:59 (BST) on Sunday 10th July 2016.

If you are hoping to take advantage of this offer, you’ll need to sign up and claim the welcome bonus before Friday 10th June 2016 as ‘Members who have claimed the ‘FREE25′ sports bonus between 10th June 2016 and 10th July 2016 are not eligible for this promotion.’

Qualifying Bets:

In order to claim the maximum free bet refund of £100.00, we need to have net losses totaling £1,000.00. I expect 188BET will be running a few promotions throughout the tournament, so the best thing to do might be to wait until halfway through the tournament and see what our net profit/loss is at that time and go from there.

Say, for example, we have participated in a few offers and have broken even, we know that we need to stake £1,000.00 on our next bet to get the maximum £100.00 free bet refund. If our account has a net loss of £200.00 at the halfway stage, we know that we need to stake £800.00 on our next bet to get the maximum £100.00 free bet refund… and so on and so forth.

If you’ve read my risk-free bet strategy guide, you’ll know that the higher the odds we place our qualifying bet at, the more profit we can lock in. This does, however, depend on your bankroll.

It’s impossible to know what odds will be available halfway through the tournament, so I’ll use fictional odds in the following example and I’ll update the bottom of the post with my actual selections after the tournament.

I like to place my exchange lay bets with Smarkets as they have great liquidity in the run up to races, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.

We can work out our lay stake by selecting the ‘Risk-Free Bet’ option on my matched betting calculator…

As you can see, the calculator tells us that our lay stake should be £963.41…

Let’s have a look at our potential profit/loss for the possible outcomes…

So, regardless of the outcome of the match, we will make a profit of £34.15!

Of course, it all depends on the net profit/loss of our account at the halfway stage of the tournament and what odds are available for the final bet, but we should be able to make a profit of somewhere between £20.00 and £40.00 on this 188BET offer!