188BET Offer – Liverpool v Leicester City

Liverpool host Leicester City in the late kick-off today and you don’t want to miss this 188BET offer! If Leicester City score a goal at The Kop End against Liverpool, 188BET will refund losing pre-match First/Anytime Goalscorer, Correct Score and Half-Time/Full-Time bets, bets as a free bet, up to a maximum of £25.00. Translated into matched betting terms, this gives us a potential profit of £21.29 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 and 17:15 today (Saturday 10th September 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 Leicester City score a goal at The Kop End, so we need to place our qualifying bet on a selection that we don’t think will win.

It’s entirely up to you what you place your qualifying bet on, but having looked at the odds available, I’ve opted to place my qualifying bet on a 2-2 draw in the Correct Score 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 £23.00…

188BET logo

Place £25.00 on a 2-2 draw @ 17.00 = Potential profit of £400.00

smarkets whiteLay £23.00 on a draw @ 18.50 = Potential liability of £402.46

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

2-2 draw + £400.00 – £402.46 = £2.46 loss
Not a 2-2 draw and Leicester score at The Kop End – £25.00 + £22.54 + £23.75 (extract 95% from our £25.00 stake refund) = £21.29 profit
Not a 2-2 draw and Leicester don’t score at The Kop End – £25.00 + £22.54 = £2.46 loss

So, if the match isn’t drawn 2-2 and Leicester City score at The Kop End, we will make a nice profit of £21.29. If the match is drawn 2-2 or Leicester City don’t score at The Kop End, we’ll have made a loss of £2.46. Risking £2.46 to make a profit of £21.29, gives us effective odds of 9.65, which I’m sure you’ll agree makes this a profitable offer in the long run.

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 £25.00 stake refund.

To claim our stake refund, we must email the promotion code ‘LL25’, our bet ID number and our 188BET member code to promo@188service.com using our registered email address by 23:59 (GMT) on Sunday 11th September 2016. Free bets will be credited within 48 hours of a successful claim being submitted.

* Leicester City attacked The Kop End in the first half and Jamie Vardy scored after 38 minutes, meaning I made a profit of £21.29 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.