NetBet Offer – £50.00 Deposit Bonus

Qualifying Bet:

There doesn’t appear to be an end date for this promotion so grab it whilst it’s available!

Only players from the UK are eligible and we must use bonus code ‘CASHOUT50’ when making our next deposit. To claim the maximum 20% bonus of £50.00, we will need to deposit £250.00. Bonuses will be credited instantly and will be available to use for 60 days.

We must roll over our bonus + deposit x 3 on sporting events at odds of 1.60 or above to be able to withdraw the bonus amount. Therefore (£50.00 + £250.00) x 3 gives us a rollover requirement of £900.00. It should be noted that single bets placed on any type of Handicap or Under/Over markets will not contribute towards completing our rollover.

There’s no doubting that £900.00 is a large rollover and therefore our participation in this offer depends entirely on our available bankroll.

If we stick to football match odds markets, we should be able to find some tight odds. To illustrate this, I’ve done a quick odds search (at the time of writing) using OddsMonkey and we can get back odds of 1.76 and lay odds of 1.79 on Tottenham beating Leicester City (Wednesday 13th January 2016). Therefore, by using straightforward matched betting we should be able to extract a decent chunk of our £50.00 bonus as cash profit.

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 use my matched betting calculator to see how much profit we can extract from our bonus…

As you can see, the calculator tells us that we can expect to lose £22.98 whilst playing through our rollover, giving us a guaranteed overall profit of £27.02 on this NetBet offer!