188Bet

£15-£20 expected profit in just 5 easy steps.

  1. Open betting exchange account (if not completed yet)
  2. Open bookmaker account
  3. Place qualifying bet with bookmaker
  4. Place lay bet with betting exchange
  5. Convert free bet to profit

Step 1 – Sign up to Betfair (betting exchange)

The first thing you need is a betting exchange account so you can place ‘Lay’ bets to cover your ‘Back’ bets.  The biggest betting exchange out there is Betfair (owned by the bookmaker PaddyPower), click here to open an account with Betfair.  (opens in a new browser tab)

Open Account with Betfair  (opens in a new browser tab)

betfair-exchange

Step 2 – Sign up to 188bet (bookmaker)

Open account with 188bet   (opens in a new browser tab)

188bet-25-sport-welcome-bonus

Once your 188bet account is open deposit £25.

This offer is a little different to others so far as you only receive the £25 free bet if your 1st bet loses.  So this time we will choose a bet with higher odds which is likely to lose the £25 in to our Betfair exchange account and calculate the Betfair ‘Lay’ bet as SNR so even if it wins at 188Bet we make a profit.  Win win!

Step 3 – Place qualifying ‘Back’ bet with 188bet

Open both Betfair and 188bet websites in your web browser so you can quickly find a good match or use a free tool like Odds Search (free signup) to find a match, remember the back odds need to be higher than normal as you want to lose this bet to the exchange, so 4+

Step 4 – Place ‘Lay’ bet with Betfair

Use the Odds Search Calculator or Tricky Bets Calculator to work out your bets.

  • FREE BET SNR (SNR = stake not returned) at the top as it is your free bet
  • The bookmaker stake is £25
  • Enter the 188bet back odds
  • Enter the exchange lay odds
  • Enter the lay commission (5% for Betfair)
  • Click on to calculate

The lay stake and the liability will be shown, remember the “liability” is the amount you need to deposit into the exchange to cover your bet.

Step 5 – Convert free bet to profit

If your bet wins you are done with this offer as you have made an instant profit.

If your bet loses, 188bet will credit your £25 free bet within 48 hours of your bet being settled.

Open both Betfair and 188bet websites in your web browser so you can quickly find a good match or use a free tool like Odds Search (free signup) to find a match, this time the higher the odds match the more profit you make but the more cash you need in Betfair to cover the bet (you get this back either way), go for above 4.0 if possible.

Use the Odds Search Calculator or Tricky Bets Calculator to work out your bets.

  • Select FREE BET SNR (SNR = stake not returned) at the top as it is your free bet
  • The bookmaker stake is £25
  • Enter the 188bet back odds
  • Enter the exchange lay odds
  • Enter the lay commission (5% for Betfair)
  • Click on to calculate

You should expect to make around £15 profit from this offer.

Move on to the next offer.