188BET Offer – Arsenal v Leicester

August 11, 2017 / Football / 2 Comments

Event Start Time (GMT): 11/08/2017 : 19:45

Potential profit
£23.40
My profit £-0.33

Leicester travel to Arsenal tonight for their opening Premier League 2017/18 fixture and you don’t want to miss this 188BET offer! If Riyad Mahrez scores at any time during Arsenal v Leicester, 188BET will refund losing pre-match 1X2, 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 potential profit of £23.40 and here’s how…

188BET Offer - Arsenal v Leicester

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 via mobile between 00:01 on Thursday 10th August 2017 and 19:45 (kick-off) on Friday 11th August 2017, to be eligible.

Only losing bets are refunded in the event that Riyad Mahrez scores, so we need to select something that we don’t think will come in. If Mahrez scores for Leicester, Arsenal would need to score at least two goals to stand a chance of winning, so I’ve therefore decided to place my qualifying bet on Arsenal in the ‘1X2’ 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)

%

Adjust your lay stake

Min £
Max £

Lay stake required: £

Bookie
Exchange
Total
If back (bookie) bet wins
= £
If lay (exchange) bet wins
= £
Bookie
Exchange
Cashback
Total
If back
bet wins
= £
If lay
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 £25.16…

188BET logo

Place £25.00 on Arsenal @ 1.53 = Potential profit of £13.25

Smarkets logo

Lay £25.16 on Arsenal @ 1.54 = Potential liability of £13.58

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

Arsenal win + £13.25 – £13.58 = £0.33 loss
Arsenal don't win and Mahrez scores - £25.00 + £24.65 + £23.75 (extract 95% from our £25.00 stake refund) = £23.40 profit
Arsenal don't win and Mahrez doesn't score - £25.00 + £24.65 = £0.35 loss

So, if Arsenal don’t win and Mahrez scores, we’ll make a nice profit of £23.40. Any other outcome and we’ll have made a maximum loss of £0.35. Risking £0.35 to make a profit of £23.40, gives us effective odds of 67.86, so given that the odds of Mahrez scoring are only 4.40, this is a profitable offer in the long run, even though we need Arsenal not to win.

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 ‘ARSLEI25’, our bet ID number and our 188BET member code to promo@188bet.co.uk using our registered email address by 23:59 (GMT) on Sunday 13th August 2017. Free bets will be credited within 48 hours of a successful claim being submitted and will be valid for 30 days.

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2 Comments

  1. Sy

    August 11, 2017
    / Reply

    I can't seem to see this offer mentioned anywhere on the mobile site... is this still valid?

    • Matt

      Matt

      August 12, 2017
      / Reply

      Yes Sy, it was valid only on mobile bets.


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