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NetBet – Premier League Offer

There’s another big weekend of Premier League football to look forward to, and NetBet are getting in on the action! Place a £5.00 ‘Bet Maker‘ on any Premier League match, and NetBet will give you a £5.00 free bet. Translated into matched betting terms, this gives you a profit of £2.41 and here’s how…

Key terms

  • Your qualifying bet must be a £5.00 ‘Bet Maker‘ on any Premier League match between Saturday 20th August 2022 and Monday 22nd August 2022.
  • Minimum of 3 selections.
  • Minimum odds of 4.00 (3/1).
  • Upon placing your qualifying bet, your £5.00 free bet will be offered via a pop-up message.
  • After accepting, it may take up to 10 minutes to see the free bet.
  • The free bet will be valid on any sport for 7 days.

Qualifying bet

It’s entirely up to you how you play this offer.

You could take a speculative approach and not lay your ‘Bet Maker’. If your bet loses, you’ll be able to convert your £5.00 free bet into 80% cash, so £4.00. That means the most you can lose on this offer is £1.00 and you could make a nice profit.

My preferred approach for this offer is to build a bet that is layable and lock in a profit. Please see my ‘Bet Builders‘ guide for a walkthrough on building layable selections.

Looking at the odds available for Man Utd v Liverpool (Monday 20:00), you could place your qualifying bet on ‘Liverpool (1X2 FT) / Yes (Both Teams to Score) / Under 3.5 (Total Goals)‘ at back odds of 7.00 (6/1).

You can lay1-2‘ (Liverpool) in the ‘Correct Score‘ market at odds of 10.00.

Either exchange works for this offer

Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.

  • Money back as cash up to £20
  • 0% commission for 60 days

You can calculate your lay stake using my Matched Betting Calculator.

Select bet type

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells you that your lay stake should be £3.51.

NetBet logo

Place £5.00 on ‘Liverpool / Yes / Under 3.5’ @ 7.00 = Potential profit of £30.00

Betfair logo

Lay £3.51 on ‘1-2’ (Liverpool) @ 10.00 = Potential liability of £31.59

Outcomes

Let’s look at your profit/loss for the possible outcomes.

OutcomeNetBetBetfairProfit/Loss
Liverpool win 2-1+ £30.00– £31.59£1.59 loss
Any other outcome– £5.00+ £3.43£1.57 loss

So, no matter the outcome, you’ll lose a maximum of £1.59 in qualifying for your £5.00 free bet.

Free bet

Your £5.00 free bet will be offered via a pop-up message once you’ve placed your qualifying bet. After accepting, it may take up to 10 minutes to see the free bet. The free bet will be valid on any sport for 7 days.

Using straightforward matched betting, you should convert your free bet into 80% cash, so £4.00. Considering your maximum qualifying loss of £1.59 gives you a minimum profit of £2.41 on this NetBet offer!

* Man Utd won the match 2-1, resulting in a £2.43 profit on this NetBet offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.