888sport – Chelsea v Leicester Offer

It’s Chelsea v Leicester in the Premier League on Saturday, and you don’t want to miss this 888sport offer! Place a £1.00+ ‘Bet Builder‘ on Chelsea v Leicester, and if your bet loses, 888sport will refund your stake as a free bet up to £10.00. Translated into matched betting terms, this gives you a profit of £4.39 and here’s how…

Key terms

  • The promotional period for this offer is Thursday 25th August 2022 to Saturday 27th August 2022.
  • Applies to ‘Bet Builder‘ bets on Chelsea v Leicester (15:00 on Saturday 27th August 2022).
  • Applies to your first bet only.
  • Minimum stake of £1.00.
  • Minimum odds of 3.00 (2/1).
  • 888sport will refund your stake as a free bet up to £10.00 if your bet loses.
  • The free bet will be valid for 7 days.
  • The free bet stake will not be returned with any winnings.

Qualifying bet

If your bet loses, your stake will be refunded as a free bet, so you can treat this as a ‘Money Back if Bet Loses‘ offer.

You’ll need to build a bet that you can lay at a betting exchange in one bet. Please see my ‘Bet Builders‘ guide for more information about them and possible selections.

At the time of writing, ‘Draw (Result) / Yes (Both teams to score)‘ is available to back at odds of 5.75 (19/4).

You can lay ‘Draw/Yes‘ in the ‘Match Odds and Both teams to Score‘ market at odds of 7.60.

If your qualifying bet is placed at odds of 5.00 (4/1) or greater and wins, 888sport will give you a £5.00 free bet, courtesy of their daily ‘4/1 Winner Offer’.

Either exchange works for this offer

Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.

  • 2% commission for all new signups
  • 0% commission for 60 days

You can work out your lay stake using the ‘Money Back if Bet Loses‘ setting on my Matched Betting Calculator. You can enter ‘£8.00‘ as your ‘Cashback’ figure as this is the amount you can expect to convert your £10.00 free bet into, should your bet lose.

Select bet type

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 you that your lay stake should be £6.53.

888sport logo

Place £10.00 on ‘Draw / Yes’ @ 5.75 = Potential profit of £47.50

Betfair logo

Lay £6.53 on ‘Draw/Yes’ @ 7.60 = Potential liability of £43.09

Outcomes

Let’s look at your profit/loss for the possible outcomes.

Outcome888sportBetfairFree BetProfit/Loss
Score draw+ £47.50– £43.09+ £4.00£8.41 profit
Any other outcome– £10.00+ £6.39+ £8.00£4.39 profit

So, no matter the outcome, you’ll make a minimum profit of £4.39 on this 888sport offer!

Your free bet will be valid for 7 days, and the free bet stake will not be returned with any winnings.

If you’re unsure how to convert a free bet into 80% cash, please see my ‘Free Bets Guide‘ for a walkthrough.

* Chelsea won the match 2-1, resulting in a £4.39 profit on this 888sport offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.