West Ham face Manchester United tonight with a place in the FA Cup Semi-Finals at stake and 188BET are getting in on the action. If David De Gea keeps a clean sheet in West Ham v Manchester United, 188BET will refund losing First/Anytime Goalscorer, Correct Score and Half-Time/Full-Time bets as a free bet, up to a maximum of £25.00. Translated into matched betting terms, this gives us a risk-free potential profit of £7.81 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.
Our qualifying bet must be placed before 16.00 on Wednesday 13th April 2016 to be eligible.
We need to place our qualifying bet on a selection that sees West Ham scoring. This ensures that if Manchester United’s goalkeeper, David De Gea, keeps a clean sheet (doesn’t concede), we will automatically be eligible for a refund as our qualifying bet will have lost. Having looked at the odds available, I’ve opted to place my qualifying bet on Draw/West Ham in the Half-Time/Full-Time 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…
As you can see, the calculator tells us that our lay stake should be £21.34…
Place £25.00 on a Draw/West Ham @ 6.30 = Potential profit of £132.50
Lay £21.34 on Draw/West Ham @ 7.40 = Potential liability of £136.59
Let’s have a look at our potential profit/loss for the possible outcomes…
| Draw/West Ham | + £132.50 – £136.59 = £4.09 loss |
| Not Draw/West Ham and De Gea keeps a clean sheet | – £25.00 + £20.91 + £23.75 (extract 95% from our £25.00 stake refund) = £19.66 profit |
| Not Draw/West Ham and De Gea doesn’t keep clean sheet | – £25.00 + £20.91 = £4.09 loss |
So, as things stand, if De Gea keeps a clean sheet, we will make a nice profit of £19.66. Any other outcome and we’ll lose £4.09.
By placing an extra lay bet on a Manchester United clean sheet, we can actually make this offer risk-free. In order to work out our lay stake, we just need to divide our potential loss of £4.09 by 0.95 (to account for the 5% commission) which gives us £4.31…
Lay £4.31 on ‘Man Utd Clean Sheet? – YES’ @ 3.75 = Potential liability of £11.85
Let’s have a look at our overall profit/loss for the possible outcomes…
| Draw/West Ham | – £4.09 + £4.09 = £0.00 |
| Not Draw/West Ham and De Gea keeps a clean sheet | £19.66 – £11.85 = £7.81 profit |
| Not Draw/West Ham and De Gea doesn’t keep clean sheet | – £4.09 + £4.09 = £0.00 |
So, if De Gea fails to keep a clean sheet, we’ll have broken even and there’s no harm done. However, if he does manage to keep a clean sheet, we’ll have made a risk-free profit of £7.81 on this 188BET offer.
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 ‘DeGea25’, our bet ID number and our 188BET member code to promo@188service.com using our registered email address by 23:59 (GMT) on Wednesday 13th April 2016. Free bets will be credited within 48 hours of a successful claim being submitted.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.