£78.00
Guaranteed Profit
- -
Actual Profit

Bet365 Sign Up Offer – £100 in Bet Credits


Posted by Matt (administrator) Matt

The bet365 sign up offer is one of the most lucrative out there for matched betting newbies. Simply sign up today and bet just £5.00 and bet365 will give us £20.00 in free bets. Translated into matched betting terms, this gives us a guaranteed profit of £78.00 and here’s how…

Key Terms

  • Minimum deposit of £5.00.
  • Our first deposit will be matched in bet credits, up to a maximum of £100.00.
  • We must claim this offer within 30 days of account registration by going to the Services menu, choosing My Offers and clicking Claim Now for the relevant offer.
  • We must place qualifying bets to the value of our deposit at odds of 1.20 (1/5) or greater.
  • Our bet credits will be available within one hour of our qualifying bets being settled.

The Strategy

This is a straightforward ‘Bet X, Get X‘ offer.

To claim the £100.00 in bet credits, we’ll need to deposit and bet £100.00 at odds of 1.20 (1/5) or greater.

We can then use straightforward matched betting to extract 80% cash from our £100.00 in bet credits.

Qualifying Bet

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 lay our bets with Betfair or Smarkets. At the time of writing, Smarkets is likely to give us the smallest qualifying loss and greater overall profit.

We can calculate our 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 us that our lay stake should be £100.00…

bet365 logo

Place £100.00 on Team A @ 1.20 = Potential profit of £20.00

Smarkets logo

Lay £100.00 on Team A @ 1.22 = Potential liability of £22.00

Let’s have a look at our potential profit/loss for the following outcomes…

Outcomebet365SmarketsOverall Profit/Loss
Team A win+ £20.00– £22.00£2.00 loss
Team A don't win– £100.00+ £98.00 (£100.00 minus 2% commission)£2.00 loss

So, regardless of the result of the match, we’ll lose £2.00 in qualifying for our £100.00 in bet credits.

Bet Credits

Our £100.00 in bet credits will normally be available within one hour of our qualifying bets settling. Our bet credits will be removed if our account remains inactive for 90 consecutive days.

The bet credits stake is not included in any returns, so we can treat it exactly the same as a stake not returned free bet.

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 £80.00 cash from our £100.00 in bet credits. If we take into account our qualifying loss of £2.00, this gives us a guaranteed profit of £78.00 on this bet365 sign up offer!