Newbie – Bet365

  • Hi,

    I’m new to this blog and matched betting itself. I’ve read the guides and think they are very good – I’ve already started extracting profits off my free bets, so thank you. I am yet to find the answer to one particular question, though. I’ve tried to locate a similar thread over the last few days but to no avail, so forgive me if this has been asked before (but if you could link me to it, that would be much appreciated).

    My query is in regards to the Bet365 Deposit Bonus. I get the Free Bet concept, however what’s not clear is how to extract profit from a bonus that requires a rollover (3x in this instance).

    My current logic is as follows; If I were to back bet £50 on Athletico Madrid @ 2.05 and lay £50.25 at 2.06, I would have a qualifying loss of £0.76. This is using the ‘Qualifying Bet’ in the calculator. However, due to the 100% Deposit Bonus, am I correct in thinking this is only actually a £25 bet? Ignoring rollover requirements, If I were to bet £400 it would make sense as I would be guaranteed c. £390, less my initial £200 stake. This is a profit of £190 or c. 95%, however this seems too high which leads me to think I’m not accounting for something?

    Or is this simply just treated as a ‘Free Bet’ using the calculator?

    And in order to meet the rollover requirements, I would need to keep profits in my Bet365 account, until such time that I can withdraw the full amount?

    Would appreciate some clarification as I’m going round in circles a bit.

    Thanks

  • New to matched betting?

    My Matched Betting Academy is the best place to get started. Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.

    Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.

Viewing 0 replies

You must be logged in to reply to this topic.