Risk free £25 bet with 188bet

[chrisobee]

http://www.en.188bet.com/Sport/football/EPL__SEMI__EPL_S/English%20Premier%20League?vendorid=1626&vendorType=2#register

 

You may have spotted their banners around the touchlines of various Premiership grounds this season as they have sponsorship deals with Chelsea, Liverpool, Aston Villa, Wigan and Bolton.

 

They now have a nice little sign up offer, a risk free £25 first bet. Lose your first bet and you will get it back, upto a maximum of £25.

 

You can take as a risk free punt (knowing that you will get the first £25 stake back if you lose) or lock in some risk free profit.

 

The key is to underlay the bet on the exchange so that if the bet does win then whilst you won't get the refund, you lose less at the exchange and have locked in a profit. But if the bet loses you will win some cash on the exchange and your free £25 stake returned by 188BET, so you will lock-in a profit that way, brilliant!

 

Eg

 

Bolton v Wolves, Premiership - 27/02/2010 at 3PM

 

BACK DRAW at 188BET with £25 at odds of 3.35

 

LAY DRAW at BETFAIR with £17.03 at odds of 3.50 (you will need £42.57 in Betfair to cover this bet)

 

If it is a draw then you will win £58.75 at 188BET and lose £42.57 at Betfair for an overall profit of £16.18. You won’t qualify for a refund but that doesn’t matter as you have locked in a guaranteed profit.

 

Or

 

If it is not a draw then you will lose your £25 stake at 188BET but win £16.18 (after 5% commission) at Betfair, leaving you £8.82 down but your initial £25 will be refunded by 188BET again giving an overall profit of £16.18, brilliant!

 

 

Here are the details from the site......

 

1. To get your free bet, email promo@188bet.com with your User Name, the Bet ID, and Promotion code 'NU125'

 

2. This promotion is only available to new 188BET customers based in the UK & EU

 

3. If your first settled bet is a losing bet, your 188BET account will be credited with your losing stake up to a value of £25 / €30. Winning bets are not eligible for this promotion.

 

4. Your account will be credited within 7 days of your claim.

 

5. The first settled bet on your account is the qualifying bet.

 

6. Closing date midnight 9th September 2012

 

"Settled" means a bet that has been fully accepted by 188BET in a market that has been settled on a result with all due winnings paid out.

 

* Your risk is the amount of your stake.