188BET Offer – Red Card Money Back

There’s a big weekend of Premier League football to look forward to and you don’t want to miss this 188BET offer! If a red card is shown in any televised Premier League match this weekend, 188BET will refund losing pre-match Win Draw Win (1X2), First/Anytime Goalscorer, Correct Score and Half-Time/Full-Time mobile bets on that particular game as a free bet, up to a maximum of £25.00. Translated into matched betting terms, this gives us a potential profit of £90.00 and here’s how…

Qualifying Bets:

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.

This offer is available on the following televised Premier League matches…

Qualifying bets must be placed pre-match via mobile between 00:01 on Friday 20th October 2017 and 16:00 on Sunday 22nd October 2017, to be eligible.

Only losing bets are refunded in the event that a red card is shown, so ideally we need to select something that we don’t think will come in. Having looked at the odds available for Chelsea v Watford, I’ve opted to keep my qualifying loss at a minimum by placing my qualifying bet on Chelsea in the ‘Win Draw Win (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 £25.00…

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

So, if the game isn’t drawn and a red card is shown, we’ll make a nice profit of £23.25. Any other outcome and we’ll have made a loss of £0.50. Risking £0.50 to make a profit of £23.25, gives us effective odds of 47.50, so given that the odds are only 4.70 for a red card to be shown, this is a profitable offer in the long run, even though we need Chelsea not to win.

This offer is available on all four televised Premier League matches this weekend. It’s entirely up to you what you place your qualifying bets on but here’s what I’ll be going for…

We should be able to limit our qualifying loss to around £1.00 on each match. With a potential profit of around £22.50 on each match, we stand to make an overall potential profit of £90.00 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 ‘REDOCTOBER3’, our bet ID number and our 188BET member code to promo@188bet.co.uk using our registered email address by 23:59 (GMT) on Tuesday 24th October 2017. Free bets will be credited within 48 hours of a successful claim being submitted and will be valid for 30 days.