188BET Offer – Royal Ascot 2016 Day 1

The Terms:

A minimum of two (2) bets, must be placed at odds of 2.00 (evens) or greater, to be eligible.

188BET will refund 10% of our Royal Ascot Day 1 net losses on bets placed between 00:00 and 17:35 today (Tuesday 14th June 2016). Refunds will be in the form of a free bet, which will be credited by 09:00 on Wednesday 15th June 2016. Free bets must be wagered once (1) on horse racing, at minimum odds of 2.00 (evens) or greater, before any withdrawals can be made.

Qualifying Bets:

In order to claim the maximum bonus refund of £50.00, we need to have net losses totaling £500.00. It’s best that we place our first £10.00 qualifying bet and then see what our net profit/loss is before placing our second qualifying bet.

Say, for example, our first £10.00 qualifying bet wins at odds of 6.00… Our net profit at that point would be £50.00. We would then need to stake £550.00 on our second bet to get the maximum £50.00 bonus refund. If our first £10.00 qualifying bet loses, we would then need to stake £490.00 on our second bet to get the maximum £50.00 bonus refund… and so on and so forth.

If you’ve read my risk-free bet strategy guide, you’ll know that the higher the odds we place our qualifying bet at, the more profit we can lock in. This does, however, depend on your bankroll.

It’s entirely up to you which horses you place your qualifying bets on. For the purposes of the following example, we’ll assume our first qualifying bet has lost. I’ve opted to place my second qualifying bet The Gurkha in the 4.20 St James’s Palace Stakes.

I like to place my exchange lay bets with Smarkets as they have great liquidity in the run up to races, 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 work out our lay stake by selecting the ‘Risk-Free Bet’ option on my matched betting calculator…

As you can see, the calculator tells us that our lay stake should be £466.81…

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

So, regardless of the result of the race, we will make a guaranteed profit of £14.98 on this 188BET offer!

Stake refunds just need rolling over once at minimum odds of 2.00 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 £50.00 free bet.