Description
Register an account with Betfred using the promotional code ‘SUMMER50‘. Deposit and bet £10+ on any sport to get £50 in free bets.
Key terms
- Register with the promotional code ‘SUMMER50‘.
- This promotion applies only to first deposits made using a debit card.
- Minimum deposit of £10.
- Minimum stake of £10 (must be your first bet).
- Minimum odds of 2.00 (evens).
- Your qualifying bet must be placed within 7 days of registering.
- Within 10 hours of settlement, you’ll receive the following:
- 3 x £10 free bets to use on any sports market.
- 2 x £10 free bets to use on accumulators (4+ selections).
- The free bets will be valid for 7 days.
- The free bet stakes will not be returned with any winnings.
Always check the terms of an offer yourself before placing any bets. Bookmakers can amend their terms at any time, so it’s always worth double-checking.
Account setup
- Sign up for a Smarkets account if you haven’t already. You’ll need this to match your bookmaker bet.
MBB Special: £50 Amazon GIFT CARDS
Every signup via the link below will be entered into a free prize draw to win one of four £50 Amazon gift cards. Winners will be drawn 1st August 2024. T&Cs apply.
Matched Betting Blog receives a small commission when you sign up to Smarkets via the link above. It helps support the site and keeps it free for everyone to learn matched betting.
- Register an account with Betfred using the promotional code ‘SUMMER50‘.
- Deposit £10 using a debit card.
- Switch to decimal odds.
Qualifying bet
- Check the back odds at Betfred and the lay odds at Smarkets to find a suitable selection. Your qualifying bet must be placed at minimum odds of 2.00 (evens).
- Use the ‘Qualifying Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
- Place your £10 qualifying back bet at Betfred (within 7 days of registering).
- Place your lay bet against the same selection at Smarkets.
Free bets
- Your 5 x £10 free bets will be credited within 10 hours of your qualifying bet settling. Three free bets will be valid on any sports market, and two will be valid on accumulators (4+ selections).
- Check the back odds at Betfred and the lay odds at Smarkets to find a suitable sports selection.
- Use the ‘Free Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
- Place your first £10 free back bet on sports at Betfred (valid for 7 days after being credited).
- Place your lay bet against the same selection at Smarkets.
- Repeat steps 10-13 for your remaining 4 x £10 free bets.
Limit your qualifying loss to around £1 as a rough guide. Aim for £24 cash (80%) from your 3 x £10 free sports bets and £14 cash (70%) from your 2 x £10 free accumulator bets. Based on those figures, you should make a £37 profit on this Betfred offer.
General advice and example for ‘Bet X, Get Y’ offers
Place your qualifying bets at low odds, ensuring you meet any minimum odds requirement. Use the ‘Qualifying Bet’ setting on the Matched Betting Calculator to calculate your lay stakes.
Once received, you can convert any free bets or bonuses into cash. Use the ‘Free Bet’ setting on the Matched Betting Calculator to calculate your lay stakes. It’s best to place free bets at high odds to maximise your profits.
See my ‘Bet X, Get Y‘ guide for a complete walkthrough of this offer type.
How to lay a multiple bet
Your best option is to lay your multiple at Smarkets, as their platform allows you to build any multiple and lay it as one bet. Therefore, you can place your multiple bet at the bookmaker and then build and lay the same multiple at Smarkets.
See my ‘Laying Multiples‘ guide for a complete walkthrough.
Got a question?
Leave me a comment below…
I usually respond within 24 hours.
Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.