Kick-off time (GMT): 14/08/2016 : 21:00
Andy Murray goes for gold in the Rio 2016 Men’s Tennis Final tonight and you don’t want to miss this 188BET offer! Place a bet on Juan Martin Del Potro v Andy Murray and if our selection wins 23 or more games but loses the match, 188BET will refund losing bets as a free bet, up to a maximum of £25.00. Translated into matched betting terms, this gives us a potential profit of £21.61 and here’s how…
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 21:00 today (Sunday 14th August 2016), to be eligible.
Only bets placed on Match Winner and Correct Score in Sets pre-match markets will be eligible. 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 Andy Murray in the Match Winner 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 £24.60…
Place £25.00 on Murray @ 1.23 = Potential profit of £5.75
Let’s have a look at our potential profit/loss for the possible outcomes…
|Murray wins||+ £5.75 – £6.64 = £0.89 loss|
|Murray doesn't win the match but wins 23+ games||- £25.00 + £24.11 + £22.50 (extract 90% from our £25.00 stake refund) = £21.61 profit|
|Murray doesn't win the match and wins less than 23 games||- £25.00 + £24.11 = £0.89 loss|
So, if Andy Murray doesn’t win the match but wins 23+ games, we will make a nice profit of £21.61. If Andy Murray wins the match or wins less than 23 games, we’ll have made a loss of £0.89. Risking £0.89 to make a profit of £21.61, gives us effective odds of 24.28, which I’m sure you’ll agree, makes this a profitable offer in the long run.
Stake refunds just need rolling over twice 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 90% cash from our £25.00 stake refund.
To claim our stake refund, we must email the promotion code ‘OMGOLD25’, our bet ID number and our 188BET member code to firstname.lastname@example.org using our registered email address by 23:59 (GMT) on Monday 15th August 2016. Free bets will be credited within 72 hours of a successful claim being submitted.