NetBet Offer – Risk-Free New Year

NetBet have started 2016 as they mean to go on with a fantastic risk-free offer for all customers. Simply place bets on any sport between 1st and 4th of January 2016 and NetBet will refund our first losing bet as a bonus up to a maximum of £25.00. Translated into matched betting terms, this gives us a guaranteed profit of around £16.50 and here’s how…

Qualifying Bet:

We must opt in using the register button on the promotions page before 23.59 on Monday 4th January 2016 to receive our bonus.

Only pre-live single bets on sporting events between 1st and 4th of January 2016 are eligible for this promotion and our first losing bet within that period will be refunded as a bonus up to a maximum of £25.00.

Bonuses will be credited within 72 hours of the promotion ending and will be available for 7 days. Bonuses must be rolled over (x3) on sporting events at odds of 1.60 or above before we are able to withdraw the bonus amount. By using straightforward matched betting we should be able to extract 90% from the bonus as cash, so £22.50.

It’s entirely up to you how you want to play this offer. Our first option is to place our qualifying bet at high odds as this will guarantee a higher profit. By placing at high odds, our qualifying bet is more likely to lose, thus ending the offer. Our second option is to place our qualifying bet at low odds. Although this will guarantee less profit, we would have an increased chance of our bet winning and being able to repeat the process until we lose, which could yield more profit.

Personally, I’ll be sticking with the first option and guaranteeing a bigger profit. Having looked at the odds available, I’ve opted to place my qualifying bet on Watford beating Manchester City.

I like to place my exchange lay bets with Smarkets as they have great liquidity in the run up to races, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.

We can work out our lay stake by entering our odds into my matched betting calculator…

As you can see, the calculator tells us that our lay stake should be £19.52…

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

So regardless of the outcome of our selected event and with some good odds, we should make a guaranteed profit of around £16.50 on this NetBet offer!

If Watford win, I’ll have the opportunity to select another market and do it all again for double the profit!