188BET Offer – Chelsea v Man Utd

Chelsea host Manchester United in Sunday’s late kick-off and you don’t want to miss this 188BET offer! If Diego Costa and Zlatan Ibrahimovic score two or more goals between them, 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 £22.08 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.

As with all player-specific promotions, it’s a good idea to wait until the starting line-ups have been announced, before placing our qualifying bets.

Qualifying bets must be placed between 00:01 on Saturday 22nd October 2016 and 15:45 on Sunday 23rd October 2016, to be eligible.

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 Manchester United in the ‘1 X 2’ 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 £23.81…

188BET logo

Place £25.00 on Man Utd @ 3.60 = Potential profit of £65.00

smarkets whiteLay £23.81 on Man Utd @ 3.80 = Potential liability of £66.67

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

Man Utd win + £65.00 – £66.67 = £1.67 loss
Man Utd don’t win and Costa and Ibrahimovic score 2+ goals between them – £25.00 + £23.33 + £23.75 (extract 95% from our £25.00 stake refund) = £22.08 profit
Man Utd don’t win and Costa and Ibrahimovic don’t score 2+ goals between them – £25.00 + £23.33 = £1.67 loss

So, if Manchester United don’t win and Costa and Ibrahimovic score two or more goals between them, we will make a nice profit of £22.08. Any other outcome and we’ll have made a loss of £1.67. Risking £1.67 to make a profit of £22.08, gives us effective odds of 14.22, which I’m sure you’ll agree makes this a profitable offer in the long run, even though we need Manchester United 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 ‘CI25’, our bet ID number and our 188BET member code to promo@188service.com using our registered email address by 23:59 (GMT) on Monday 24th October 2016. 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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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.