188BET Offer – Everton v Leicester City

Everton host Leicester City in the late kick-off today and you don’t want to miss this 188BET offer! If Jamie Vardy scores at any time during Everton v Leicester City, 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 £22.83 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.

Qualifying bets must be placed between 00:01 on Friday 7th April 2017 and 16:00 (kick-off) on Sunday 9th April 2017, to be eligible.

Only losing bets are refunded in the event that Jamie Vardy scores, so we need to select something that we don’t think will come in. If Vardy scores for Leicester City, Everton 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 Everton 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 £24.58…

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

So, if Everton don’t win and Vardy scores, we’ll make a nice profit of £22.83. Any other outcome and we’ll have made a maximum loss of £0.92. Risking £0.92 to make a profit of £22.83, gives us effective odds of 25.82, so given that the odds of Vardy scoring are only 3.20, this is a profitable offer in the long run, even though we need Everton 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 ‘VARDY25’, 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 10th April 2017. Free bets will be credited within 48 hours of a successful claim being submitted and will be valid for 30 days.