188BET Offer – Red Card Money Back

There’s a big weekend of Premier League action to look forward to and you don’t want to miss this 188BET offer! If a red card is shown in selected televised matches this weekend, 188BET will refund losing pre-match mobile bets on all markets 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 Monday 20th November 2017 and 16:00 on Sunday 26th November 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 West Ham v Leicester, we could place our qualifying bet on West Ham in the ‘Win Draw Win (1X2)’ market.

I like to place my exchange lay bets with Betfair as they have great liquidity, the site is really easy to use and if we opt in, they will only charge 2% commission on Premier League Match Odds bets throughout November 2017.

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 £24.21…

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

So, if West Ham don’t win and a red card is shown, we’ll make a nice profit of £22.47. Any other outcome and we’ll have made a loss of £1.28. Risking £1.28 to make a profit of £22.47, gives us effective odds of 18.55, so given that the odds are only 4.50 for a red card to be shown, this is a profitable offer in the long run, even though we need West Ham not to win.

This offer is available on all four selected televised matches this weekend. It’s entirely up to you what you place your qualifying bets on but here’s what you could go for…

We should be able to limit our qualifying loss to an average of around £1.00 per 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.

Free bets will be credited automatically within 72 hours of settlement of the qualifying bet and a red card being shown in the respective match. Free bets will be valid for 30 days.

* A red card was shown in Huddersfield v Man City, but unfortunately Man City won the game 2-1, resulting in an overall loss of £3.37 on this 188BET offer. *