Bet365 Sign Up Offer – £50 in Free Bets

The bet365 sign up offer is one of the most lucrative out there for matched betting newbies. Simply sign up and deposit and bet £10 and bet365 will give you £50 in free bets. Translated into matched betting terms, this gives you a profit of £39+. Let’s work through it one step at a time.

Key terms

  • Deposit between £5 and £10.
  • Claim the offer within 30 days of registration via Account menu > My Offers > Claim Now.
  • You’ll receive five times the value of your qualifying deposit in free bets.
  • Release your free bets by placing a qualifying bet(s) to the value of your qualifying deposit.
  • Minimum odds of 1.20 (1/5).
  • Qualifying bet must settle within 30 days of claiming the offer.
  • Upon settlement of your qualifying bet(s), you’ll see your ‘Bet Credits’ in the bet slip.

The strategy

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

To claim the maximum £50 in free bets, you’ll need to deposit and bet £10 at minimum odds of 1.20 (1/5). 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 Liverpool are back odds of 1.50 and lay odds of 1.54 to win a football match.

Use an exchange of your choice

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 £10.07

Bet365 logo

Place £10.00 on Liverpool @ 1.50 = Potential profit of £5.00

Betfair logo

Lay £10.07 on Liverpool @ 1.54 = Potential liability of £5.43

Let’s have a look at your potential profit/loss for each outcome…

Outcomebet365BetfairProfit/Loss
Liverpool win+ £5.00– £5.43£0.43 loss
Liverpool lose or draw– £10.00+ £9.56£0.44 loss

So, no matter the outcome, you’ll incur a small loss of no more than £0.43. It’s worth it, as you’ve just qualified for £50 in free bets!

Free bets

Your £50 in free bets will be credited shortly after your qualifying bet(s) has settled. Your free bets will remain valid provided your account isn’t inactive for 90 consecutive days. Free bet stakes will not be returned with any winnings.

Repeat the matched betting process for 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 bet credits step by step, see my free bets guide.

You should be able to get £40 cash (80%) from your £50 in free bets. If you take into account your maximum qualifying loss of £0.44, this gives you a profit of £39.56 on the bet365 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.

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.