188Bet Promote Easy To Claim Free Bet Offer
September 25, 2017
Online bookmaker 188Bet has introduced a betting offer that will have members of the matched betting community licking their lips. It’s a straight up ‘bet and get’ style offer that rewards you with a free bet for placing a real money wager. This type of promotion really is bread and butter for matched bettors and is so easy to claim that anyone with a reasonable grasp of the concept will be able to make it pay.
You may be wondering what matched betting is. In a nutshell, it is using betting offers and promotions to make money online. This is done by seeking a close match between bookie prices and the lay odds for the same bet on a betting exchange. A lay bet is to bet that something won’t win, allowing you to cover both possible outcomes of the bet.
By backing and laying the same selection, you can qualify for free bets and bonuses. There is usually a small loss at this point, normally just a few pence. With the help of our matched betting calculator, you can then use the free bet or bonus to make a real cash profit. Our premium members get all of the help and support needed to be successful and bring in hundreds of pounds each month.
188Bet £10 Free Racing Bet
The new 188Bet offer is available to both new and existing customers. It is only redeemable on mobile and gives a £10 free bet for placing a £10 real money bet. Both the qualifying bet and free bet must be used on horse racing or greyhounds. The initial bet has minimum odds of 2/1 (3.00) and the free bet has minimum odds of 1/1 (2.00). The free bet is credited within 24 hours and valid for use over the following seven days. Any free bet winnings will be returned minus the stake.
We have given the offer an estimated value of £7 which should be simple enough to achieve and you may well make more. For example; let’s assume you have found a close match on a horse and the back odds are 3.50 while the Betfair lay odds are 3.55. Entering these details into the calculator with ‘Normal Bet’ mode selected will advise a lay stake of £10 with a liability of £25.50, as shown below. Liability is the amount of money that you will need in the exchange to cover the bet.
- Horse wins; £25 profit with bookmaker – £25.50 loss at exchange = -50p
- Horse loses; £10 loss with bookmaker + £9.50 profit at exchange (£10 – 5% commission) = -50p
At this point you will be down 50p but have qualified for the free bet which can be converted into a real money profit. Remember that the value of the free bet will not be included in the returns. For example; let’s assume that there is a close match on a horse with back odds of 12.00 at 188Bet and lay odds of 12.30 at Betfair. With ‘Freebet’ mode selected, the advised lay stake will be £8.98 with a liability of £101.47, as shown below.
- Horse wins; £110 profit with bookmaker – £101.47 loss at exchange = £8.53
- Horse loses; £0 loss with bookmaker + £8.53 profit at exchange (£8.98 – 5% commission) = £8.53
In the above matched betting example the final profit is £8.03, because you lost 50p on the qualifying bet but made £8.53 with the free bet. This is £1 over the offer’s estimated value, so even if you can’t get such close matches, £7 is certainly attainable.
188Bet Bet £10 get £20 Free Bet
Before taking the plunge on the racing offer, make sure that you have taken advantage of the 188Bet signup first. This is a bet £10 get £20 promotion for new customers only. Again, it’s very easy to claim and by following the offer instructions in the MatchedBets.com premium area, you can expect to make around £15.
For this offer, you must place a qualifying bet at minimum odds of 1/1 (2.00) and the free bet will be credited within 72 hours. It will remain valid for use for 14 days and is credited on a stake not returned (SNR) basis. This simply means that you will not receive the value of the free bet stake in any returns.
More About 188Bet
This bookmaker was established in 2006 and after gaining a good reputation for competitive odds in Asia, soon began to attract customers from the UK. 188Bet is licenced by the United Kingdom Gambling Commission and is fully compliant with its legislation. It’s strengths are offering more markets than many other bookies and punters that like to bet on football and horse racing will find plenty of value.
The firm has previously had sponsorship deals with Premier League football clubs Chelsea, Liverpool and Everton. It has recently announced that it is extending a deal with English Super League club Wigan Warriors, which will see it continue as the team’s shirt sponsor for at least another year.
188Bet rates as a good account to have when matched betting. The signup offer is easy to claim and there are good offers for existing customers too. Whenever this company releases a new promotion, you can be sure that our team of experts will run the rule over the offer and assess it from a matched betting perspective.
If you’re interested in earning an additional income, then you should take our 14-day trial for just £1. Once you have sampled our industry-leading tools, we’re confident that you’ll be keen to exploit more bookmaker offers. Full details of our current pricing structure can be viewed at the bottom of this page.