England face France in Paris tonight looking to secure their first Six Nations Grand Slam since 2003 and 188BET are getting in on the action. If Mike Brown scores a try in France v England tonight, 188BET will refund losing bets on all pre-match markets as a free bet, up to a maximum of £50.00. Translated into matched betting terms, this gives us a potential profit of £44.26 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.
We need to place our qualifying bet on something with tight back and lay odds in order to minimise our qualifying losses. Having looked at the Match Odds (1X2) market, the odds are not great on a French win, so I’ve opted to place my qualifying bet on England.
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 £47.71…
Place £50.00 on England @ 1.25 = Potential profit of £12.50
Lay £47.71 on England @ 1.33 = Potential liability of £15.74
Let’s have a look at our potential profit/loss for the possible outcomes…
| England win | + £12.50 – £15.74 = £3.24 loss |
| England don’t win and Mike Brown scores a try | – £50.00 + £46.76 + £47.50 (extract 95% from our £50.00 stake refund) = £44.26 profit |
| England don’t win and Mike Brown doesn’t score a try | – £50.00 + £46.76 = £3.24 loss |
So, if England don’t win and Mike Brown scores a try, we will make a nice profit of £44.26 on this 188BET offer. If England do win or Mike Brown doesn’t score a try, we’ll have made a loss of £3.24. Risking £3.24 to make a profit of £44.26, gives us effective odds of 14.66, so given that the odds of Mike Brown scoring a try are only 2.25 with some bookmakers, this is a profitable offer in the long run even with England being hot favourites to get the job done.
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 £50.00 stake refund.
To claim our stake refund, we must email the promotion code ‘MB50’, our bet ID number and our 188BET member code to promo@188service.com using our registered email address by 23:59 (GMT) on Sunday 20th March 2016. Free bets will be credited within 48 hours of a successful claim being submitted.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.