188BET Offer – Champions League & Europa League Play-Offs

The final few Champions League and Europa League places are decided this week and you don’t want to miss this 188BET offer! If a red card is shown in any Champions League or Europa League Play-Off 2nd Leg match this week, 188BET will refund all losing 1 X 2, First/Anytime Goalscorer, Correct Score, Half-Time/Full-Time and Both Teams to Score bets on that match as a free bet, up to a maximum of £50.00. Translated into matched betting terms, this gives us a potential profit of £135.24 and here’s how…

Qualifying Bet:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.

Qualifying bets must be placed between 00:01 on Monday 22nd August 2016 and 19:30 on Thursday 25th August 2016, to be eligible.

There is no way of making this offer risk-free, so we need to place our qualifying bet at tight odds, in order to minimise our qualifying loss. Only losing bets will be refunded in the event that a red card is shown, so we need to place our qualifying bet on a selection that we don’t think will win.

We are able to claim one free bet per fixture so it’s possible to place a qualifying bet on multiple games. It’s entirely up to you how many games you go for, but I wouldn’t recommend going for too many as it may arouse suspicion. I’ll be sticking to the games involving Celtic (Tuesday), Manchester City (Wednesday) and West Ham (Thursday).

Having looked at the odds available for Hapoel Be’er Sheva v Celtic, I’ve opted to place my qualifying bet on Hapoel Be’er Sheva in the 1 X 2 market.

I like to place my exchange lay bets with Smarkets as they have great liquidity, 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 calculate our lay stake using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £48.55…

188BET logo

Place £50.00 on Hapoel Be’er Sheva @ 2.35 = Potential profit of £67.50

smarkets whiteLay £48.55 on Hapoel Be’er Sheva @ 2.44 = Potential liability of £69.92

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

Hapoel Be’er Sheva win + £67.50 – £69.92 = £2.42 loss
Hapoel Be’er Sheva don’t win and a red card is shown – £50.00 + £47.58 + £47.50 (extract 95% from our £50.00 stake refund) = £45.08 profit
Hapoel Be’er Sheva don’t win and a red card isn’t shown – £50.00 + £47.58 = £2.42 loss

So, if Hapoel Be’er Sheva don’t win and a red card is shown, we will make a nice profit of £45.08. If Hapoel Be’er Sheva do win or a red card isn’t shown, we’ll have made a loss of £2.42. Risking £2.42 to make a profit of £45.08, gives us effective odds of 19.63, so given the fact that the odds of a red card being shown are around 3.50, this is a profitable offer in the long run, even though we need Hapoel Be’er Sheva not to win.

If we can find similar odds on the Manchester City and West Ham games, we stand to make a potential overall profit of £135.24 on this 188BET offer. I will update the bottom of this post with my actual selections for those two games once they have been played.

Stake refunds just need rolling over once at minimum odds of 1.90 or greater before we are able to withdraw. The above calculations are therefore based on the assumption that, by using straightforward matched betting, we should be able to extract 95% cash from our £50.00 stake refund.

To claim our stake refund, we must email the promotion code ‘EURORED’, our bet ID number and our 188BET member code to promo@188service.com using our registered email address by 23:59 (GMT) on Friday 26th August 2016. Free bets will be credited within 48 hours of a successful claim being submitted.

* I was unable to find a suitable qualifying bet for Manchester City v Steaua Bucharest, so I decided to give that game a miss. No red cards were shown in the Celtic or West Ham games, meaning I made an overall loss of £4.13 on this 188BET offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.