Potential
£20.66
 
Guaranteed
- -
 
My Profit
£-3.09

188BET Offer – Real Madrid v Tottenham


Posted by Matt (administrator) Tue, Oct 17, 2017 06:10pm Matt
Start Time: 17/10/2017 19:45

Real Madrid host Tottenham in the Champions League tonight and you don’t want to miss this 188BET offer! If Isco scores at any time during Real Madrid v Tottenham, 188BET will refund losing pre-match 1X2, First/Anytime Goalscorer, Correct Score and Half-Time/Full-Time mobile bets as a free bet, up to a maximum of £25.00. Translated into matched betting terms, this gives us a potential profit of £20.66 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 via mobile between 00:01 on Monday 16th October 2017 and 19:45 (kick-off) on Tuesday 17th October 2017, to be eligible.

Only losing bets are refunded in the event that Isco scores, so we need to select something that we don’t think will come in. Having looked at the odds available, I’ve opted to place my qualifying bet on Tottenham 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)

%

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 £22.36…

188BET logo

Place £25.00 on Tottenham @ 6.60 = Potential profit of £140.00

Smarkets logo

Lay £22.36 on Tottenham @ 7.40 = Potential liability of £143.10

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

Tottenham win + £140.00 – £143.10 = £3.10 loss
Tottenham don't win and Isco scores - £25.00 + £21.91 + £23.75 (extract 95% from our £25.00 stake refund) = £20.66 profit
Tottenham don't win and Isco doesn't score - £25.00 + £21.91 = £3.09 loss

So, if Tottenham don’t win and Isco scores, we’ll make a nice profit of £20.66. Any other outcome and we’ll have made a maximum loss of £3.10. Risking £3.10 to make a profit of £20.66, gives us effective odds of 7.66. Given that Isco is odds of 2.80 to score any time, this is a profitable offer in the long run even though we need Tottenham 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 ‘REALTOTT25’, our bet ID number and our 188BET member code to promo@188bet.co.uk using our registered email address by 23:59 (GMT) on Thursday 19th October 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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