The Sportingbet welcome offer is a relatively easy offer to take advantage of. All we have to do is open up an account and bet £10.00 to receive a £10.00 free bet if our first bet loses. This will give us a guaranteed profit of £6.43. Here’s how it’s done.
Terms of the offer
- Minimum qualifying deposit/stake of £10.00.
- £10.00 Free bet will be credited if our first bet loses.
- The minimum odds for our qualifying bet must be greater than 2.0 (evens).
- Bets placed on horse racing do not qualify for this offer.
- Customers who deposit using Neteller, Skrill or Entropay will not qualify for this offer.
- Free bet valid for 7 days.
Qualifying Bet and Strategy
Like any offer it’s up to you what your qualifying bet will be on, as long as the market falls under the offer terms and conditions. As usual we will be looking for a market with close back and lay odds. We will be using fictional odds (yes, made up odds!) for the purposes of this example. For this offer we will be using the Risk Free mode on the Matched Betting Calculator to ensure profit is made if our bet wins or loses. In addition to this, higher odds will secure more profit from this offer, so try and aim for odds above 5.0.
We can enter our details for the qualifying bet on the Matched Betting Calculator as follows, selecting the Risk Free mode: Stake £10.00 Team 1 back odds 7.0, Team 1 lay odds 7.2, lay commission 2%, Cashback £8.00 – this is the amount we stand to make once we extract profit from the £10.00 free bet should our bet lose.
|If Back Wins|
|If Lay Wins|
Let’s take a quick look to see whats happening with our bets and how we are profiting from this offer:
|Team 1 win||+£60.00||-£53.57||+£6.43|
|Team 1 don’t win||-£10.00||+£8.47||-£1.53|
|Team 1 don’t win (free bet extracted)||-£10.00||+£8.47 + Free bet extraction +£8.00||+6.47|
As we can see if is irrelevant if Team 1 wins or loses, we will make £6.43 if our bet wins or we will initially lose £1.53 if our bet loses.
If our bet wins, great! We have now successfully completed the welcome offer. If however our bet loses we will need to extract the profit from our free bet and we should expect to see at least 80% of the free bet value as cash. Once we have extracted our free bet, we can take away the initial qualifying loss of £1.53 and make a an easy £6.47 profit. Free bet will be credited within 48 hours of our qualifying bet settling.
By this point you should know how to extract profit from free bets, but if your still unsure or need a refresher the perfect guide can be found here.