10Bet – 100% Mobile Deposit Bonus = XMASMOBI

Just enough time left to take a look at 10Bet’s monthly offer for December.  Simply enter bonus code ‘XMASMOBI’ when making a £15.00 mobile deposit and once we have played through our deposit via mobile at minimum odds of 2.0, we will receive a reload bonus of £15.00.  Translated into matched betting terms, this gives us a potential profit of over £10.00!  And here’s how…

The only snag to this offer is the rollover requirement of 5 times our deposit and bonus, which amounts to £150.00.  This means that if our initial bet wins, we will have to keep betting through our balance in order to meet the rollover requirement.

Step 1:

To take advantage of our reload bonus, we need our initial bet to lose.  The best strategy is to select an event with long odds which is therefore less likely to win.  With this in mind, I’ve decided to place my bet on the Arsenal vs Cardiff City game being drawn.

Step 2:

Let’s have a look at our current potential profit/loss for the two outcomes…

Step 3:

If the game is drawn, we will still get our £15.00 deposit bonus but we will need to continue placing bets in order to meet the £150.00 rollover requirement and it is therefore likely that we will just about break even and not make a profit on this offer.

In the more likely event that the game isn’t drawn, we will have incurred a small loss of £1.88 in order to claim our £15.00 reload bonus.  By following the same steps above and provided we select another losing bet, we should only lose approximately 20% of our deposit bonus, giving us a total profit of £10.12 (£15.00 – £1.88 – £3.00) from this offer.