How To Earn Extra Money from Red Card Refund with 10 Minutes Work

How To Earn Extra Money from Red Card Refund with 10 Minutes Work - 188Bet Case

Estimated Reading Time: 16 minutes

Looking For Extra Money? Here is How To Earn Potentially £45 – £50 Profit by Structuring Simple Matched Betting on Red Card Refund Offer

Turn Red Card Misery Into Tasty Refund

Red Card Refund – Introduction

Firstly, Please Avoid Prejudice of Betting = Gambling. We Do Bet but Don’t Count On Luck. Rather, we do 6 Advantage Playsadvantage play, keyboard based on mathematical edge to beat the bookies, casino & bingo. When it comes to Sports Betting & Horse Racing, we use Matched Bettingsports matched betting, full guide / Sports Arbitrage / Value Bets On Proven Tipsters to lock-in profit or consistently earn extra income for long-term. With that said, one of our policies is “Betting On Luck Is For Losers, Stop Gamble Betting But Bet on Only +EV (Expected Value)To Win Reliably. It is effectively our way to promote Responsible Gambling, and we strongly support GamCaregamcare logo being explained in about us.

We use various methods & many customized spreadsheets to calculate mathematical advantage over the bookies’ offers to secure Guaranteed Profit. The technique To Extract Cash from Red Card Risk-Free is part of them.

We Show You How To Make Red Card Refund Offer Profitable Without Any Risk via Simple Back & Lay technique!!


We cover the following subjects in this report;

  • What’s Red Card Refund?
  • Red Card Refund Profit: Our Underlying Method
  • Can’t We Guarantee Profit From Red Card Refund Offer?
  • Process To Get Profit – 188Bet Red Card Refund Offer
  • Red Card Refund Wrap Up – Change Your Mind-set

What’s Red Card Refund?

Red Card in Football

In the first place, do you know what is red card? According to wiki;

red card is a type of penalty card that is shown in many sports after a rules infraction.Red Card

The specific sports we discuss here is Football. The penalty cards issued in football comes from misconduct, and there are 2 card types of yellow card & red card, depending on the level of misconduct. The below Venn Diagramm in wiki shows the relationship between fouls and misconduct in association football, with examples, just FYI

redcard refund, venn diagram
Click To Enlarge

So, when a player is given a red card by a referee, he (she) has to leave the field of play immediately because he (she) did some serious misconduct. The red card can be issued straight away from just 1 time serious misconduct or 2 yellow card from less serious misconduct will turn into the red card.

Red Card Refund

Then, what sort of offer are we talking about? Red Card Refund is a bookmaker’s reload offer to the existing customer. Simply like the claim of “We will refund your losing bet if Red Card is shown in the match" in Football game. 188Bet is the one that often uses this promotion such as Tottenham v Chelsea match – please see the details in T&C section188Bet Red Card Refund Promotion

The above offer’s refund limit is £25. Then you can earn potentially around £18 from this offer with just less than 10 minutes.

Although I use 188Bet in this guide, there are also several bookies that offer the similar promotion. You can basically apply this approach to the offers claiming " Refund If Red Card Shown" such as below BetVictor, TLC Bet & unibet;

Red Card Refund Bet Victor

Red Card Refund TLC Bet

red card refund, uni bet offerHowever, read each offer’s T&C carefully before placing any money because it may give you slightly different requirement. For example, the below 188bet Tottenham vs Chelsea limit the betting via Mobile ONLY, so don’t overlook such tiny but critical requirement; 188Bet Red Card Refund Mobile Only

Red Card Refund Profit: Our Underlying Method

As said, our underlying technique to maximize the potential profit by heading the risk is Matched Betting. Anybody who are familiar with the matched betting, please skip this section.

Matched Betting Recap

For those who are not familiar with the matched betting at all, firstly suggest take a look at Matched Betting For Dummies – 9 Essential Things You Should Know Before Staking Any Real Money;Matched Betting For Dummies - 9 Essential Things You Should Know Before Staking Any Real Money, where you will find every basic about the matched betting.

However, I’ll briefly explain how it works by using 188Bet New Player Sign-Up Offer. In fact, you can lock-in Profit at the time you open the account. The offers to new player is “Bet £10 Get £20 Free Bets";88Bet Sports Welcome Offer

What we do are;

  • 2 transactions of Back (bet on win) £10 on Team or Player A at 188Bet Hill & Lay (bet on NOT win) appropriate £ (stake can be calculated by free software) on the same Team or Player A at Betting Exchange like Betfair so that you cover all outcomes.
  • Regardless of the outcome, your losing & winning will cancel out each other. In the real practice, usually, 2 bets are not perfectly offset due to the odds difference & exchange commission. Therefore you make a small loss called Qualifying Loss.Free Matched Bet Starting Guide (2) – How To Sign-Up & Place Qualifying Bet
  • But now, you get £20 Free Bets. You repeat the exact same process but using the free bet for the back bet at 188Bet. Then, this time free bet value (minus qualifying loss) will become your net profit.
  • You may be able to extract around £15-17 pure profit from this offer.
  • Success factor is how to minimize the qualifying loss by selecting the player whose odds gap (between 188 & Betfair) is the narrowest. You can use Free Odds Matcher to locate such opportunities. For the detail step-by-step process, take a look at Free Matched Bet Starting Guide (2) – How To Sign-Up & Place Qualifying Bet. We use William Hill sign-up bonus (Bet £10 Get £30 Free Bets)as an example in this document, which can exactly apply to 188Bet.

Betting Exchange

As you see in the above process, betting exchange is essential for matched betting. Therefore, it’s critical to adopt the right approach toward the betting exchanges from the beginning, which will affect your long-term profit. Suggest you take a look at Bet Exchange – How To Sign-Up & Lock-In Profit Wisely With Best Offersbet exchange, sign up strategies feature image, where you find the Smart Tactics on How To Use Which Bet Exchange in Which Occasion with spoon-fed like instructions.

We recommend SMarkets as a Core Betting Exchange for matched betting. Not Betfair, Why? Also show how important Matchbook is. Please go to the above document that explains the full rationale & comprehensive strategies to make the best use of all 4 key betting exchanges.

Anyhow, for those who have not opened SMarkets or not even a single bet exchange account, I prepared a step-by-step guide for your quick start. You can effortlessly extract cash from its sign-up bonus of £10 Risk-Free Bet. Actually, this is one of the easiest offers to lock-in profit in the industry. Please click “+" mark to open the instruction;

SMarkets Sign-Up Process with Screenshots

Please follow the below process, which takes less than 10 minutes to complete;

Update & Confirm T&C (Terms & Conditions)

  • Firstly, Go To SMarkets Front Page confirming the availability of £10 Risk Free Sign-Up Promotion

Bet Exchange SMarkets Offer Check

  • Read welcome bonus T&C. I know it’s a boring stuff but never try to save time by skipping it to avoid any unpleasant future surprise;
Bet Exchange SMarkets Bonus T&C
Click To Enlarge

Simple Sign-Up By Filling Information

  • After confirming the availability of the offer & reading the T&C,  click “Start Trading"

Bet Exchange SMarkets Signup Front Page

  • Fill-in the required information related to Account, Personal Information & Deposit;

Bet Exchange SMarkets Signup Account Page

A Few Key Points

  • For the deposit method, suggest use Visa Debit card if possible. Because depositing by Mastercard or credit card incur a 2.5% deposit fee, bank transfer takes a few days. Importantly, Skrill & Neteller deposits are not eligible for the £10 bonus.
  • Account Verification. You will receive the below e-mail to verify account. Suggest you do it as quickly as possible to prevent any future transaction delay;
    Bet Exchange SMarkets ID Verification
    Click To Enlarge
  • That’s it. You’re now ready to place lay bets to construct matched betting once you sign-up the bookmakers.
  • If you are not familiar with how to start matched betting, see how to place qualifying bet.

How To Extract Cash From The Offer?

As said, SMarkets signup offer is probably the easiest one. Because you don’t have to do anything. SMarkets will refund your first £10 loss. Yes, even you win thousands of £ before you lose £10, SMarkets will refund that first £10 loss. So, just keep doing the matched betting, and whenever you lose £10 for the first time in SMarkets, you will be refunded, and as you’re aware it’s your profit.

Some Good News

  • Very simple, isn’t it? SMarkets & all other bet exchanges I list in the betting exchange guide are fully licensed & regulated by UK gambling commission. And they all register in IBAS – Independent Betting Adjudication Service, thus you can let IBAS resolve when you face any problem with them.
  • Remember, any income from the matched betting are Tax Free in the UK / Ireland as long as it is not considered as your main source of income.

£2,500 Risk-Free Opportunities

BTW, Matched Betting is all about making the best use of bookmakers’ promotion, thus you need to open up bookies account as many as possible. Or let me put it in this way, you really want to rake the bookmakers’ offers risk-free via matched betting as much as possible. The important thing is that Don’t sign-up directly before you Click + To See Little Known Smart Method;

How To Earn £2,500 Risk-Free Cashback

Many punters overlook huge Cashback Opportunities and open up bookmaker, casino & bingo account directly. Stop doing it, you can earn a lot of risk-free cash while receiving the gambling sites’ own sign-up offers & bonuses. We have separately prepared  Betting Cashback Websites – The Ultimate Guide To Be Always Better Offbetting cashback, feature image, where you will find how to collect £2,500 cashback all together. So, from now on, Never Ever Sign-Up Any Gambling Accounts Directly Before Checking the Availability of Cashback Offer stated in the above document.


Can’t We Guarantee Profit From Red Card Refund Offer?

No, we can’t. Unlike bookmaker, in betting exchange, you can hardly find Red Card Lay Market. Betfair occasionally open the market of “Sending Off". Actually I myself can’t think about any reasons that Player Is Sent Off other than “Red Card is Shown", anything bizarre could happen, therefore it’s safer to avoid laying Sending Off. Means, we can’t hedge by placing extra lay on Trigger bet, thus can’t always guarantee profit. For searching Guaranteed Profit in this type of offer, go How To Lock-In Profit on Trigger Bet with Extra Lay Spreadsheet;How To Lock-In Profit on Trigger Bet with Extra Lay Spreadsheet

Process To Get Profit – 188 Bet Red Card Refund Offer

I’ll explain how to tackle this Red Card offer. I’m using the below Champion’s League example offered by 188Bet in Nov ’16.

Champions League and Europa League Money Back Special up to €/£50 if a Red Card is Shown!
If a Red Card is shown during your selected match in any of the Champions League and Europa League games from Tuesday 22nd November 2016 to Thursday 24th November 2016 , we will refund all losing 1×2, First Goalscorer, Anytime Goalscorer, Correct Score, Half Time / Full Time and Both Teams to Score, up to a maximum of €/£50 per match. The refunded stake will be credited as a free bet.  see Full T&C "

How To Construct Matched Betting for 188Bet Red Card Refund Offer

You can use the simplest qualifying bet method which we used in the above sign-up offer method. Again, I’ll briefly show you by using the real example.

Key Approach

  • Since we get refund from only losing bets in the event where a red card is shown, you may prefer to place your qualifying bets on selections that you don’t think will win.
  • However, unlike the standard matched betting, we can’t make this offer completely Risk Free, thus the most critical direction is Minimizing the Qualifying Loss. Means you have to chose the match & market with the tightest odds between 188Bet & Exchange.
  • You need to be careful for the qualified market, they specify “1×2, First Goalscorer, Anytime Goalscorer, Correct Score, Half Time / Full Time and Both Teams to Score “, and usually, the tightest odds can be found in Match Result (1 x 2) or BTTS (Both Team To Score), FYI.

Example – Arsenal vs PSG

I use Arsenal vs PSG – “Arsenal Win" match odds since I found the narrow odds between 188Bets & Smarkets (exchange) in odds matcher as;

188Bet Red Card Refund Arsenal

Since the maximum refund we can get is £50, set £50 as a back stake in the calculator (you will find the below calculating table by clicking the “i" icon in the above oddsmatcher) which shows;

188Bet Red Card Refund Odds

This means;

  • If Arsenal Wins, we lose £1.54
  • If Arsenal Not Win and red card is not shown, we lose £1.54
  • If Arsenal Not Win but red card is shown, we profit £48.46 (£50 refund – £1.54 qualifying loss)

Is It Worth?

In summary, we are risking £1.54 (this is why it’s not a completely risk free) to gain £48.46. This can be translated as 32.47 effective odds (£48.46 / £1.54 + 1), or your break even point is 32nd trial. In other words even if you keep Not Hitting Refund for 31 consecutive try but get refund in the 32nd trial you will still be profitable.

When it comes to the statistics of red card, in 2016-17 Premier League season, 12 red cards were issued in total out of total 120 matches (ESPN FC site). That is exactly 10%. So if you try this offer 30 times, you will theoretically hit the refund at least 3 time, or £145.38 profit. The math suggests it’s definitely a worth pursuing.

BTW, 10% implied probability of the red card is 10.00 decimal odds. However, bookmakers don’t seem to provide you with fair odds reflecting the actual numbers. See William Hill as below;

William Hill Red Card OddsJust FYI.

So Do You Want To Know The Result?

I always like this Passionate French Striker, Olivier Giroud. He received a Red Card;

Arsenal Giroud Red Card

, and the final result is Arsenal Not Win thus happy refund resulting £48.46 Pure Profit;

Arsenal vs PSG Red Card


Red Card Refund Wrap Up – Change Your Mind-set

Many people tend to think that Red Card occurrence + Lose Bet is No Chance. Thus Not Even Considering this offer. However, from mathematical view point it’s a very profitable offer and worth pursuing. This is the power of Advantage Play and Value Bet. As long as you keep taking such Positive EV (Expected Value) bet, you will be no chance to lose money but surely make money average in long-term.

Finally, suggest take a look at the bottom of this page where you will find our Free Excellent Programme. It gives you specific guideline & instructions to achieve extra income using 6 Advantage Plays. The document is protected since it contains a lot of valuable methods & tools, so just fill-in your name & e-mail address then you will receive the password instantly.

If you have any inquiry or need any help from us, please contact us anytimeGlobal Extra Money Contact (don’t worry, we will not charge you any fee, everything is free here).

Good Luck!!

Joshua Walker – Publisher of GEM (Global Extra Money)