TonyBet Offer – Premier League Bonus up to £100

Football is back and TonyBet are running a fantastic Premier League Bonus offer to celebrate! Enter the bonus code ‘PREMIER100’ and get a 100% next deposit bonus up to a maximum of £100.00. Translated into matched betting terms, this gives us a potential profit of £92.87 and here’s how…

Terms and Conditions:

• This offer is available to both new and existing TonyBet customers making their deposit.
• The maximum bonus amount is £100.00 and the minimum deposit amount is £10.00.
• The sportsbook bonus will be automatically transferred to our betting account as soon as the deposit is credited.
• The bonus amount has to be wagered 10 times odds of 1.85 and above before the funds can be withdrawn.
• In order to receive the bonus and fulfill the wagering requirements, the bets must only be placed on Premier League matches.
• Odd/even, correct score, no action (bets made on both sides of the same bet) and canceled bets do not count towards the bonus wagering.
• The fulfillment of bonus wagering requirements starts as soon as the bonus amount is credited to the player’s betting account.
• The bonus code must be activated within 7 days from the day the deposit was credited.
• The bets are first made from the player’s deposited funds and then from the bonus amount.
• If wagering requirements were not fulfilled within 60 days, bonus amount will be automatically withdrawn from customer’s betting account.

Extracting Profit:

If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walkthrough guide on how it should be done.

With all of the above terms in mind, there are a couple of ways we can play this.  The first method is to assume we are going to have play through the total rollover of £1,000.00 (10 x £100.00 deposit.  If we did this by backing and laying at low odds such as 1.85 and 1.90, we would lose £35.64 and therefore make an overall profit of £64.36. Of course, the ideal scenario would be that our initial bets lose and our money goes straight into our exchange account. Say we place our initial £200.00 (£100.00 deposit and £100.00 bonus) at back odds of 1.85 and lay odds of 1.90 and our back bet lost, we would only lose £7.13 and therefore make an overall profit of £92.87!

Whenever I do these type of offers, I’m always looking to lose that initial bet as it saves messing about playing through the whole rollover and locks in more profit.  With that in mind, I like to place my initial bets at slightly higher odds to give me a better chance of losing my cash straight into my exchange account.  Say we place our initial £200.00 (£100.00 deposit and £100.00 bonus) at back odds of 5.00 and lay odds of 5.20 and our back bet lost, we would lose £10.81 and therefore make an overall profit of £89.19! Our back bet might not lose and if it doesn’t, then we would just have to play through the rest of the rollover, but I think higher odds for our initial bets is definitely the best way to go.

It’s entirely up to you what markets you place your bets on but it makes sense to keep things simple and go for match odds markets.

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 calculate our lay stakes using the matched betting calculator.

* I actually placed my initial £200.00 bet at back odds of 2.00 and lay odds of 2.02.  My back bet lost, meaning I made an overall profit of £96.00 on this offer. *