Colombia v England Offer – 188BET

It’s Colombia v England tonight and you don’t want to miss this 188BET offer! If Harry Kane scores first in Colombia v England, 188BET will refund our first losing mobile bet in cash, up to a maximum of £50.00. Translated into matched betting terms, this gives us a potential profit of £44.41 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 2nd July 2018 and 19:00 (kick-off) on Tuesday 3rd July 2018, to be eligible.

The eligible markets are First Goalscorer, Anytime Goalscorer, Correct Score, Half Time / Full Time and 1 X 2 & Both Teams to Score.

Only our first losing bet is refunded in the event that Kane scores first, so we need to select something that we don’t think will come in. Having looked at the odds available, we could place our qualifying bet on 1-0 Colombia in the Correct Score market.

At the time of writing, laying our bet at Smarkets gives us the smallest qualifying loss.

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 £45.32…

188BET logo

Place £50.00 on 1-0 Colombia @ 9.50 = Potential profit of £425.00

Smarkets logo

Lay £45.32 on 1-0 Colombia @ 10.50 = Potential liability of £430.54

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

1-0 Colombia + £425.00 – £430.54 = £5.54 loss
Not 1-0 Colombia and Kane scores first – £50.00 + £44.41 + £50.00 (cash refund) = £44.41 profit
Not 1-0 Colombia and Kane doesn’t score first – £50.00 + £44.41 = £5.59 loss

So, if Harry Kane scores first, we’ll make a nice profit of £44.41. Any other outcome and we’ll have made a maximum loss of £5.59. Risking £5.59 to make a profit of £44.41, gives us effective odds of 8.94. So, given that Kane is odds of just 4.00 to score first, this is a profitable offer in the long run.

If eligible, our cash refund will be credited automatically by 12:00 on Wednesday 4th July 2018.

Note: If you’re not comfortable with the £5.59 qualifying loss, you can make this offer risk-free by placing an extra lay bet on Harry Kane to be First Goalscorer. To calculate your lay stake, you just need to divide your qualifying loss of £5.59 by 0.98 (to allow for commission), which gives you £5.71. Based on lay odds of 4.50, you would be looking at a risk-free potential profit of around £24.40.

* Harry Kane scored first and the match was drawn 1-1 after 90 minutes, resulting in a profit of £44.41 on this 188BET offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.