The 888sport sign up offer is another easy starter for matched betting newbies. Simply sign up, deposit and bet £10 and 888sport will give you £30 in free bets. Translated into matched betting terms, this gives you a guaranteed profit of £23+. Let’s work through it one step at a time.
Key terms
- Make first deposit of £10+ using promotional code ’30F’.
- Minimum stake of £10.
- Minimum odds of 1.50 (1/2).
- Qualifying bet must be placed within 30 days of account registration.
- 3 x £10 free bets credited upon settlement of qualifying bet.
- Promotion is not available to customers depositing via PayPal, Muchbetter , Paysafe, Neteller or Skrill.
The strategy
This is a straightforward ‘Bet X, Get X‘ offer.
To claim the £30 in free bets, you’ll need to bet £10 at odds of 1.50 (1/2) or greater. You can then use straightforward matched betting to convert your free bets into cash.
Qualifying bet
It’s entirely up to you what you place your qualifying bet on, but you’ll need to find a selection with close back and lay odds. Big football matches are a good place to start looking or any other popular events where plenty of bets will be placed.
If you’d like more information about qualifying bets and how they work, please see my qualifying bets guide.
I’ll use some example odds to illustrate how this offer should be done. Let’s say Tottenham are back odds of 1.80 and lay odds of 1.87 to win a football match.
Use an exchange of your choice
You can calculate your lay stake using my Matched Betting Calculator…
As you can see, the calculator tells you that your lay stake should be £9.89…
Let’s have a look at your potential profit/loss for each outcome…
So, regardless of whether Tottenham win, lose or draw, you’ll incur a small loss of no more than £0.61. It’s worth it though, as you’ve just qualified for £30 in free bets!
Free bets
Your 3 x £10 free bets will be credited to your account upon settlement of your qualifying bet. One of the free bets can only be used via mobile. The free bets will be valid for 7 days and free bet stakes will not be returned with any winnings.
Repeat the matched betting process for each of your free bets, but this time select the ‘Free Bet‘ option on the calculator. If you’re still a bit unsure of the process and would like to walk through using your free bets step by step, see my free bets guide.
You should be able to get £24 cash (80%) from your £30 in free bets. If you take into account your maximum qualifying loss of £0.61, this gives you a guaranteed profit of £23.39 on the 888sport sign up offer!
There are plenty more offers like this one to profit from and you can find them all on my New Customer Offers page.
Jon
Guest usercan you also use this route?
Bet £10 @ 14 (which becomes 42) so £420 if it wins
Lay £10.41 @ 13.5 which means a £130.12 liability
Jon
Guest userSorry a continuation;
If the horse wins you get £420 minus the £130.12 you’ve lost on Betfair = £289.88 profit
If the horse loses you lose your £10 bet but win £10.41 on Betfair minus your 5% commission is £9.88 so loss of £12p.
The above is using the horses you selected, by going for a horse which is more favoured to win (ie smaller odds) you’ll obviously get a smaller profit if it wins but it’ll be much larger than the £20.37 you’ll get going with you method.
Your method does guarantee a win though. Let me know if I’ve done something stupid in my methodoligy.
Matt
412Hi Jon, your strategy is fine if that’s the way you want to play it. All you’re effectively doing though is gambling your £20.00 guaranteed profit on a 14/1 shot to win £280.00+.
The way I see it, if you put £20.00 on 4 different horses at 3/1, on average you’ll win £60.00 once and lose £20.00 three times and therefore break even.
The beauty of matched betting is that we can make risk-free profits and beat the bookies so I’d be banking the £20.00 profit every time, but as long as you cover your stake and you don’t stand to lose money, there’s no reason why you can’t play it that way mate.
Owen
Guest userHow do you calculate how much you lay on this deal? Can’t quite get my head round this one?
Matt
412Hi Owen. You just need to work out your treble odds. Then all you need to do is enter your treble back odds and the exchange lay odds into the matched betting calculator to get your lay stake.
hitesh
Guest userhey from last 10days i m struggling to bet on horses but i cant bet because i m not understanding how to bet.it will b grateful if u help me
Matt
412Please contact me via my contact form for general matched betting queries…
Richard
Guest userManaged to back Alfahad at 12.30 lingfield for 17.00 so 49.00 in effect and layed it off pre race at 4.00. Get In!!!!!!! I was about to lay at 15.00 and the odds fell through the floor!