St Helens face Wigan Warriors in the Super League this afternoon and 188BET are getting in on the action. If Josh Charnley scores a try in St Helens v Wigan Warriors, 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 £41.75 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 placed before 14:45 on Friday 25th March 2016 to be eligible.
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 odds available and due to the fact that Josh Charnley plays for Wigan Warriors, I’ve opted to place my qualifying bet on a St Helens win.
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 £46.58…
Place £50.00 on St Helens @ 2.04 = Potential profit of £52.00
Lay £46.58 on St Helens @ 2.24 = Potential liability of £57.75
Let’s have a look at our potential profit/loss for the possible outcomes…
| St Helens win | + £52.00 – £57.75 = £5.75 loss |
| St Helens don’t win and Charnley scores a try | – £50.00 + £44.25 + £47.50 (extract 95% from our £50.00 stake refund) = £41.75 profit |
| St Helens don’t win and Charnley doesn’t score a try | – £50.00 + £44.25 = £5.75 loss |
So, if St Helens don’t win and Josh Charnley scores a try, we will make a nice profit of £41.75 on this 188BET offer. If St Helens do win or Josh Charnley doesn’t score a try, we’ll have made a loss of £5.75. Risking £5.75 to make a profit of £41.75, gives us effective odds of 8.26, so given that the odds of Josh Charnley scoring a try are only 1.80 with most bookmakers, this is a 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 £50.00 stake refund.
To claim our stake refund, we must email the promotion code ‘JC50’, our bet ID number and our 188BET member code to promo@188service.com using our registered email address by 23:59 (GMT) on Saturday 26th March 2016. Free bets will be credited within 48 hours of a successful claim being submitted and will be valid for 30 days.
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Matt Kirman – Matched 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.