The 888sport sign up offer is another straightforward starter for matched betting newbies. Simply register an account and make your first deposit with promo code ’30F’. If we then bet £10.00 or more on any sport, 888sport will give us £30.00 in free bets. Translated into matched betting terms, this gives us a guaranteed profit of £23.80 and here’s how…
- We must enter promotion code ’30F’ when making our first deposit.
- The minimum qualifying stake is £10.00.
- Our qualifying bet must be placed at odds of 1.50 (1/2) or greater.
- 3 x £10.00 free bets are valid for 7 days.
This is a straightforward ‘Bet X, Get X‘ offer.
To claim the £30.00 in free bets, we’ll need to bet £10.00 at odds of 1.50 (1/2) or greater.
We can then use straightforward matched betting to extract 80% cash from our £30.00 in free bets.
It’s entirely up to you what you place your qualifying bet on, but we need to find something with close back and lay odds. I’ll use odds for a fictional football match in the following example to demonstrate how this offer should be done.
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £10.00…
Place £10.00 on Team A @ 1.50 = Potential profit of £5.00
Lay £10.00 on Team A @ 1.52 = Potential liability of £5.20
Let’s have a look at our potential profit/loss for the following outcomes…
|Team A win||+ £5.00||– £5.20||£0.20 loss|
|Team A don't win||– £10.00||+ £9.80 (£10.00 minus 2% commission)||£0.20 loss|
So, regardless of the result of the match, we’ll lose £0.20 in qualifying for our £30.00 in free bets.
Our 3 x £10.00 free bets will be credited upon settlement of our qualifying bet. One of the £10.00 free bets is to be used on mobile. The free bets will be valid for 7 days and free bet stakes will not be included in any returns.
By using straightforward matched betting, we can extract 80% cash from any free bet. Take a look at my Free Bet Strategy page for a walk-through guide on how this should be done.
So, we should be able to extract £24.00 cash from our £30.00 in free bets. If we take into account our qualifying loss of £0.20, this gives us a guaranteed profit of £23.80 on this 888sport sign up offer!
Click here to take advantage of this 888sport welcome offer