Euro 2020 is finally here and you don’t want to miss this Betfair Exchange free bet offer! Simply stake £20.00+ in single in play bets on any Euro 2020 group stage matches each day and Betfair will give us a £10.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £63.00 and here’s how…
Key terms
- No opt in required.
- Applies to single in play Exchange bets on Euro 2020 group stage matches between Friday 11th June 2021 and Wednesday 23rd June 2021.
- Minimum stake of £20.00.
- Minimum odds of 1.50 (1/2).
- Maximum of one £10.00 free bet per day.
Qualifying bets
We can calculate our stakes using my Matched Betting Calculator.
Aim to lose no more than £1.00 on each of our daily qualifying bets
Free bets
Our £10.00 free bets will be credited upon settlement of our qualifying bet(s) and will be valid on any sport for 14 days. Free bet stakes will not be returned with any winnings.
Using straightforward matched betting, we should be able to convert each free bet into 80% cash, so £8.00. If we take into account our daily expected qualifying loss of £1.00, this gives us a guaranteed daily profit of £7.00!
This offer was originally for a £5.00 free bet between Friday 11th June 2021 and Thursday 17th June 2021. The offer was then increased to a £10.00 free bet from Friday 18th June 2021 until Wednesday 23rd June 2021, giving us an overall guaranteed profit of £63.00 on this Betfair Exchange offer!
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poeski
Guest userWhere are you seeing this promotion? Can’t see it listed anywhere on Betfair.
Rob
Guest userIn play exchange bets, I assume the easiest thing to do is place a £20 back bet and lay it at Smarkets? Thanks.
Matt
1533Yes that works Rob. You can place them at half-time too when the odds are a little more stable.
Michael J
Guest userIs this for all tiers of membership?
Usually my bottom tier isn’t allowed…
Matt
1533If you’re opted into the Basic package Michael, you won’t be eligible.
Kenny
Guest userHi Matt,
I received an email with this offer but it was on the Sportsbook rather than Exchange. Just in case others are in the same boat.
Cheers.
Matt
1533Thanks for posting Kenny.
Click
9Can’t see any email or anything about this on website so have tried it on my rewards package account, will see if a £5 free bet comes through after the game.
Click
9Didn’t receive anything betting £20 in play on exchange. Will try sportsbook tomorrow.
Billy
Guest userHi Matt,
How have you done with the free bet so far… I had to live chat them for it today for yesterdays. Bit of nuisance, but no issue.
Usually spot on with the Sportsbook one… but I don’t like live chatting, bit of a flag, and given I’m taking them for two £5’s freebies a day. Don’t want to have to do every day.
Also… am I right it making the 5% on Back (with this offer through exchange) and then 2% with Smarkets on your calculator?
Matt
1533Apparently they’ve had some issues with the promotion Billy so hopefully they’ll get it sorted.
Yes, if you’re on the standard package paying 5% commission, that applies to both back and lay bets.
Jacob
Guest userCan these exchange bets be either back or lay bets?
Matt
1533I believe so Jacob. When they say ‘stake £20’, that usually means a back stake of £20 or a lay liability of £20.
Rob
Guest userIs this offer definitely everyday? I got the £5 free bet first day I did the offer but haven’t had it since.
Matt
1533The terms state ‘Max £5 free bet per day‘ Rob. It looks like it’s been extended to include all group stage matchdays too.
Betmonkey1984
3I’m on Basic package so can’t take part. I’m wondering if I should upgrade and start paying 5% commission in order to be eligible for their offers? What package are most people using?!
Matt
1533I would say it depends on how active you are and how many lay bets you’re placing. The question is are their reload offers likely to outweigh the 3% commission you’re currently saving?
Betmonkey1984
3I reckon I place around 150 lay bets a month at the moment. If I up it to the REWARDS package I’d probably be paying between £10-£15 more each month in commission. How often do Betfair run offers that are as profitable as this one? – couple of times a year maybe? I’m not quite convinced its worth it – Thats why I’m interested to know what packages other people are on
Matt
1533They run a few sportsbook promos too and there may be invite only opportunities. I would say stick with the 2% package though if you’re happy with it.
John
Guest userI skipped the Sportsbook one yesterday to back stuff at £20 on the exchange. Nope. Useless offer, I ain’t bringing massive attention to my account constantly asking either.
Seems like you should remove. If you are genuinely getting 2 x £5 from them without requesting via customer service, kudos. And you are in a tremendous minority.
Matt
1533I haven’t posted the sportsbook version actually John. Some people have had their free bets credited fine and others have struggled. They’ve admitted they’ve been having issues with the crediting of free bets. Hopefully they’re close to sorting it.
Gordon
Guest userI have been doing the Sportsbook offer. I have had five free bets so far but only after live chatting every time! I don’t want to keep pushing my luck so really hope it gets sorted.
Rob
Guest userJust had an email from them stating bet £20 in play and get £10 free bet now. Seems they’ve upped the offer from £5, unless it’s account specific.
CBG
7The offer has now been raised to bet £20 in-play, get £10 free bet. Not sure if this available to all though, but if it is it’ll appear on your promotions page.
Matt
1533Thanks for the heads up guys.
Colin
Guest userJust spoke to them… this offer looks like its invite only… but they have no way to check if you have received or been sent the email 🧐
Julian
Guest userI have received numerous texts inviting me to participate in the exchange offer only to be told I am not eligible despite being on the 5% rewards package. They claim it is an error on the tech side! I have made a complaint.
Steve55
Guest userI did the exchange offer yesterday on the off chance… Because it was not on any of my promotions or bonuses… No free bet given… But went on live chat and they issued it with no problem. Because this is not an opt in offer I don’t think they have a lot of choice but to give the free bet. If it was they would have restricted from the off.
Steve55
Guest userDone today as well🤞
Steve55
Guest userSame outcome… Had to live chat but got the free bet. They did say they were having issues with the crediting of the bonus.
Bob
Guest userAs others have mentioned, this promotion has been widely advertised by betfair, both through app notifications, in the app itself and even on Twitter, yet I am apparently not eligible despite not being excluded from exchange promotions. It’s extremely aggravating and making me consider moving away from betfair.