188BET Offer – Warrington Wolves v Wigan Warriors

April 28, 2016 / Rugby / 13 Comments

Kick-off time (GMT): 28/04/2016 : 20:00

Potential profit
£44.73
My profit £-2.77

Warrington Wolves host Wigan Warriors in the Super League tonight and 188BET are getting in on the action. If Anthony Gelling scores a try in Warrington Wolves 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 £44.73 and here’s how…

188BET Offer - Warrington Wolves v Wigan Warriors

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.

As with all player-specific promotions, it’s a good idea to wait until the starting line-ups have been announced, before placing our qualifying bets.

Qualifying bets must be placed between 00:01 on Wednesday 27th April 2016 and 19:45 on Thursday 28th April 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 Anthony Gelling plays for Wigan Warriors, I’ve opted to place my qualifying bet on a Warrington Wolves win.

We can calculate our lay stake using my matched betting calculator…


Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Adjust your lay stake

Min £
Max £

Lay stake required: £

Bookie
Exchange
Total
If back (bookie) bet wins
= £
If lay (exchange) bet wins
= £
Bookie
Exchange
Cashback
Total
If back
bet wins
= £
If lay
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 £49.71…

188bet

Place £50.00 on Warrington Wolves @ 1.72 = Potential profit of £36.00

betfair

Lay £49.71 on Warrington Wolves @ 1.78 = Potential liability of £38.77

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

Warrington win + £36.00 – £38.77 = £2.77 loss
Warrington don't win and Gelling scores a try - £50.00 + £47.23 + £47.50 (extract 95% from our £50.00 stake refund) = £44.73 profit
Warrington don't win and Gelling doesn't score a try - £50.00 + £47.23 = £2.77 loss

So, if Warrington Wolves don’t win and Anthony Gelling scores a try, we’ll make a nice profit of £44.73 on this 188BET offer. If Warrington Wolves do win or Anthony Gelling doesn’t score a try, we’ll have made a loss of £2.77. Risking £2.77 to make a profit of £44.73, gives us effective odds of 17.15, so given that the odds of Anthony Gelling scoring a try are only 2.10 with most bookmakers, this is a profitable offer in the long run, even though we need Warrington Wolves not to win.

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 ‘AG50’, our bet ID number and our 188BET member code to promo@188service.com using our registered email address by 23:59 (GMT) on Friday 29th April 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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13 Comments

  1. gunrunnerkojak

    April 28, 2016
    / Reply

    Much like the Ronaldo to score offer - am guessing we should wait until the teams are announced for the game?

    • Matt

      Matt

      April 28, 2016
      / Reply

      Yes that's a fair point mate, I've added a note to that effect.

  2. DaVinche14

    April 28, 2016
    / Reply

    Ha. Useful bit of info there I think!!

  3. Bob47474

    April 28, 2016
    / Reply

    Hi Matt, why are you not doing a couple of additional lays to make this risk free?

  4. RyanB

    RyanB

    April 28, 2016
    / Reply

    Can't make it risk free as if you lay the player and our bet wins we don't get the free bet. Can only make it risk free of you picked a different qualifying bet

    • Bob47474

      April 28, 2016
      / Reply

      Underlay your initial bet and lay against Gelling?

  5. RyanB

    RyanB

    April 28, 2016
    / Reply

    If you lay against Gelling...you will have a liability if he scores. However, if our bet wins on 188bet and we don't get the free bet you have nothing to offset this against and come out with a loss. You can ONLY make it risk free or guarantee profit if your qualifying bet is a 100% a losing one if Gelling scores. The Fact Warrington can win even if Gelling scores, means there is no way you can make this risk free.

  6. RyanB

    RyanB

    April 28, 2016
    / Reply

    For example with the Goal Scoring ones MB if Ronaldo scores on losing bets..you would back a correct score which makes sure Real Madrid don't score. Therefore if he does Score your bet will have definitely lost. Lets say you backed 1-1 if Ronaldo scores and it ends 1-1 your bet has won therefore no free bet. Back 0-0 and Ronaldo scores..it can possibly be 0-0 and therefore your bet loses = free bet.

    Quite a common misunderstanding people have, especially with the red card offers.

  7. Matt

    April 28, 2016
    / Reply

    I can't find this offer on their website... I've looked under promotions, any ideas?

    • Matt

      Matt

      April 28, 2016
      / Reply

      You'll find it at the top of their homepage amongst the sliding promotional banners.

  8. Richie

    April 28, 2016
    / Reply

    Little bit of a punt for warrington not to win, but effective odds just too good to give this a miss! And if warrington don't win, it's highly likely that gelling will have scored!

  9. BillySwill

    BillySwill

    April 28, 2016
    / Reply

    The draw was 20/20 not long ago

  10. RyanB

    RyanB

    April 28, 2016
    / Reply

    Yup also saw 20/20 however, nearly all my money is in smarkets so just left it.


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