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188bet £25 sign up bonus

  • Hello everybody,
    Recently I did the 188bet sign up offer where they say that if your first bet loses, you recieve a refund of up to £25.
    My qualifying bet was: Morecambe v Carlisle – Draw. Back odds 4, lay odds 4.3 . I was advised to treat it as a Freebet ‘SNR’. With the above odds my overall position is 17.16 – does this mean I’ve only retained 17.16 out of my initial £25 deposit (a loss of 7.84)?
    I’m very new to this, any input will be appreciated.

    +0
    3rdtimefresher
    0
    October 9, 2016 at 2:19 pm

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    deathstar 30 October 9, 2016 at 2:44 pm

    you don’t say whether the bet won or lost, but you will find when you look at your balances between the exchange and the bookie you will either be up that amount at the bookie and done with the offer, or down at the exchange but with a free bet to come.
    HTH

    +0
    Mr Crispy 34 October 9, 2016 at 3:05 pm

    Do you get a refund or a free bet?

    I think it’s a free bet, which means you have lost £7.84 but have (or will have) a £25 free bet.

    You would treat this as a “Freebet SNR”. If you find the same odds as before – back odds are 4 and lay odds are 4.3 then you will win £17.16 less your £7.84 loss means that you will be up £9.32 overall.

    You would ideally be finding closer odds than that though. You would normally be able to find something like 10/10 relatively easily on a horse race (look around 20 minutes before the race). 10/10 would win you £22.09 less the £7.84 would leave you £14.25 up overall.

    +0
    Blue 3 October 9, 2016 at 7:04 pm

    It sounds like you have treated your qualifying bet as a free bet i.e. you should have laid it for around £23.36 for a guaranteed loss of around £2.09 win or lose. Instead you have selected the ‘Free Bet (SNR)’ option in whatever calculator you are using and it’s calculated a lay of around £17.52. You have effectively underlayed your qualifying bet – if it had won you would have been in profit to the tune of about £17.18, but because it lost you are down around £7.83.

    But you have the free bet to come, so you can still turn a profit – should be worth around £20 or more.

    +0
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