188BET Offer – Blackpool v Exeter

It’s the League Two Play-Off Final today and you don’t want to miss this 188BET offer! Simply place a bet on Blackpool v Exeter and if the game goes to extra-time, 188BET will refund losing 1X2, First/Anytime Goalscorer, Correct Score and Half-Time/Full-Time bets as a free bet, up to £25.00. Translated into matched betting terms, this gives us a guaranteed profit of £4.52 and here’s how…

Qualifying Bet:

* Customers must have registered their account 14 days prior to taking part in this promotion. *

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 Saturday 27th May 2017 and 15:00 (kick-off) on Sunday 28th May 2017, to be eligible.

We need to place our qualifying bet on a 1X2, Correct Score or Half-Time/Full-Time selection that doesn’t see the match being drawn after 90 minutes. This ensures that if the match goes to extra-time, we’ll automatically be eligible for a free bet refund as our qualifying bet will have lost.

It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on Exeter 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…

As you can see, the calculator tells us that our lay stake should be £23.50…

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

So, as things stand, if the match goes to extra-time, we’ll make a profit of £21.78. Any other outcome and we’ll have made a maximum loss of £1.98.

We can actually guarantee ourselves a profit by placing an extra lay bet on the match being a draw in 90 minutes. To work out our lay stake, we just need to divide £23.75 (the amount we can expect to extract from our £25.00 stake refund) by 3.58 (draw odds minus 0.02 to account for the 2% commission) which gives us a lay stake of £6.64…

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

So, regardless of the outcome, we’ll make a guaranteed profit of £4.52 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 ‘L225’, our bet ID number and our 188BET member code to promo@188bet.co.uk using our registered email address by 23:59 (GMT) on Monday 29th May 2017. Free bets will be credited within 48 hours of a successful claim being submitted and will be valid for 30 days.

NOTE: If you wish, you can overlay on the draw just enough to make the offer risk-free. This will give you a greater profit if the match goes to extra-time and you’ll break even if it doesn’t. To calculate your lay stake on the draw, just divide your maximum potential loss by 0.98 (to account for the 2% commission at Smarkets).