188BET Offer – Tottenham v Arsenal

Tottenham host Arsenal in a huge game at White Hart Lane today and 188BET are getting in on the action. If a red card is shown at any time during Tottenham v Arsenal, 188BET will refund losing First/Anytime Goalscorer, Correct Score, Double Result and Both Teams to Score bets as a free bet, up to a maximum of £188.00. Translated into matched betting terms, this gives us a potential profit of £171.57 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.

There is no way of making this offer risk-free, so we need to place our qualifying bet at tight odds to minimise our qualifying loss. Ideally, we should place our qualifying bet at high odds, like a 0-0 draw at back odds of 14.00 and lay odds of 15.00, to give it a good chance of losing but with a back stake of £188.00, this would require a float of almost £2,500 at Smarkets.

With that in mind, I’ve opted to place my qualifying bet on both teams to score, in the hope that someone keeps a clean sheet.

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 £184.66…

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

So, if someone keeps a clean sheet and there’s a red card shown, we will make a huge profit of £171.57 on this 188BET offer. If there’s no red card or both teams score, we’ll have made a loss of £7.03. Risking £7.03 to make a profit of £171.57, gives us effective odds of 25.41 and given that the odds of a red card being shown are only 3.75, this is a very profitable offer in the long run.

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 £188.00 stake refund.

To claim our stake refund, we must email the promotion code ‘REDCARD188’, our bet ID number and our 188BET member code to promo@188service.com using our registered email address by 22:59 (GMT) on Sunday 6th March 2016.