£7.80
Guaranteed Profit
- -
Actual Profit

Betregal Sign Up Offer – £10 Free Bet


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The Betregal sign up offer is a great little offer for new customers. Simply sign up and make your first deposit, then bet £10.00 at odds of 2.00 (evens) or greater and Betregal will give us a £10.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £7.80 and here’s how…

Banner showing the Betregal Sign Up Offer

Key Terms

  • Minimum stake of £10.00.
  • Our qualifying bet must be placed at odds of 2.00 (evens) or greater.
  • Our qualifying bet must settle within 14 days of being placed.
  • Free bet is valid for 14 days.

The Strategy

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

To claim the £10.00 free bet, we’ll need to bet £10.00 at odds of 2.00 (evens) or greater.

We can then use straightforward matched betting to extract 80% cash from our £10.00 free bet.

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 £10.00…

BetRegal logo

Place £10.00 on Team A @ 2.00 = Potential profit of £10.00

Smarkets logo

Lay £10.00 on Team A @ 2.02 = Potential liability of £10.20

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

OutcomeBetregalSmarketsOverall Profit/Loss
Team A win+ £10.00– £10.20£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 £10.00 free bet.

Free Bet

Our £10.00 free bet will be credited automatically and will be valid for 14 days. Free bet stakes will not be included in any winnings.

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 £8.00 cash from our £10.00 free bet. If we take into account our qualifying loss of £0.20, this gives us a guaranteed profit of £7.80 on this Betregal sign up offer!

Comments


  1. Ryanb

    Guest user

    I went on live chat (stupidly) and they stated as because i had made a withdrawal before using my free bet they had taken it off me.

    Make sure you use the free bet first before withdrawing!

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    Reply
    1. Danny

      Guest user

      How long did the withdrawal take?

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      Reply
  2. Leon

    Guest user

    Hi Matt – Do we under-laying to meet the rollover requirement if our free bet wins?

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    Reply
  3. Jay

    Guest user

    So to get the £50 free bet, the initial deposit would have to be £167, right?

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    Reply
    1. Matt

      131

      You can underlay your first rollover bet but if you keep winning, your stake amounts will increase and then it depends on odds as to whether it’s best to underlay or just lay normally.

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      Reply
  4. Alex

    Guest user

    Can I just deposit, use the free bet, then withdraw?

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    Reply
  5. Jay

    Guest user

    Right, apologies for missing that.

    Another question, when using the “Underlay Method, do we just have to click the ‘UNDERLAY’ tab, or do we have to move around the slider in some scenarios?

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    Reply
    1. Matt

      131

      That’s correct Alex.

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      Reply
      1. Matt

        131

        You’re welcome Dave.

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        Reply
        1. Rob

          Guest user

          Yes Danny, I did… means your main balance won’t be affected then

          +0
  6. Rob

    Guest user

    Just placed multiple bets on same event after my initial £50 free bet won with the bookies and the 2nd bet was taken from the main balance! Make sure you do withdraw after you the first free bet has settled

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    Reply
  7. Stuart

    Guest user

    Not received confirmation email that you need to utilise free bet bonus. Messaged them, no reply.

    +0
    Reply
    1. Matt

      131

      Clicking the ‘UNDERLAY’ tab gives you the exact lay stake required to retain the full free bet amount if your back bet wins. Feel free to adjust the slider if you want to lay a different amount.

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      Reply
  8. Junker

    Guest user

    will be in junk mail

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    Reply
  9. Dave

    Guest user

    I never got an email either but I checked my betslip and the £50 free bet option was on it….BOOM £25 profit!!

    Thank you Matt 🙂

    +0
    Reply
  10. Danny

    Guest user

    Do I use the free bet and then withdraw my balance after the first free bet has settled?

    +0
    Reply
  11. Neal Robertson

    Guest user

    Can’t find any decent odds…Do they share odds with any other bookie on the oddsmatcher?

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    Reply
  12. Rob

    Guest user

    If you have to do the rollover, should you be under laying these bets also?

    +0
    Reply
    1. Matt

      131

      See my response to Leon above mate.

      +0
      Reply
  13. Paul

    Guest user

    You NEED to be WARNING people about this one and make sure they understand that the rollover is x5 of WINNINGS FROM FREE BET – not x5 £50. If you choose higher odds to maximise the chance of the lay bet winning and increasing profit, and the back bet wins – you could be stuck with a rollover well over £1000. If your subsequent bets then go on to win at the bookies also you could be looking at loosing nearly £2000 in liability from Betfair before the rollover is complete and withdrawl is possible. Add to that the £200 initial deposit and you are looking at needing a sizeable betting fund to complete this offer comfortably. STICK TO MINIMUM ODDS FOR FREE BET – which reduces profit but ensures you will only need to rollover around £300. Bit of a deceptive one this is so take care.

    +0
    Reply
    1. Matt

      131

      I’ve explained that twice Paul, under the ‘Terms’ section and again at the bottom of the post.

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      Reply
    2. luke

      Guest user

      As Matt has stated this is explained above… further more i would always advise at least glancing the Ts and Cs of every book maker you sign up with. They could change offers and conditions at anytime… It’s not the blogs responsibility to notify you. The offers are here so you can make the decision whether to take them. There are some of the new customer offers I havnt taken up due to roll over limits being to high for the potential reward (in my opinion as i been really got for the easier wins).. However this has the best of both… Chance for instant profit or a small roll over. Doing the bet365 one requires a much higher pot than this but is very profitable…

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      Reply
  14. luke

    Guest user

    Given this a shot on west ham vs Newcastle for a draw.. So will see what happens. Would be nice to make a quick profit on this

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    Reply
  15. luke

    Guest user

    Matt.. McGregor fight is on coral for a double winnings if your fighter gets knocked down and win… Ql on Floyd is about £8.. McGregor is about £3… I have gone for the later… Can’t see it but worth a punt

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    Reply
    1. Matt

      131

      Thanks Luke, I’ve got that one on my list to take a look at.

      +0
      Reply
  16. mark smith

    Guest user

    I took a risk and bet on chaponese to beat Corinthians @ 2.8 and did not underlay. Corinthians are top of the Brazilian league by miles and chaponese were in 15th. I stood to make £43.15 but then £5 of my own money when the odds got to 6, to soften the blow of the did actually win. Corinthians won 1 nil. Cheers Matt!

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    Reply
    1. Matt

      131

      Nicely done Mark. It may be worth focusing on the top UK/European leagues in future though as those are the leagues mug punters are most likely to bet on.

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      Reply
  17. Adam

    Guest user

    Hi Matt
    I’m sorry if I’m asking the same question again but there is one thing I’m not sure about. My first free bet won £110 so nowI have £550 to rollover.
    When I do the rollover do I still use the Free bet calculator or qualifying bet one now?

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    Reply
  18. Nathanial

    Guest user

    Curious, just tried this one and I can’t place the full amount (£45) as it says it’s above the maximum bet amount allowed. Odds are just 6.0. Tried their live support, which isn’t actually live and just says “thanks for getting in touch.”
    All a bit odd.

    +0
    Reply
    1. Matt

      131

      That seems strange Nathanial. I’ve not heard of anything else having that problem. Hopefully you’ll hear back from them soon.

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      Reply
  19. Pat

    Guest user

    Hi Matt, this offer has now changed to 20% I believe. How does that affect this method?

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    Reply
    1. Matt

      131

      Thanks for the heads up Pat. I’ve just updated the guide for you.

      +0
      Reply
  20. Lena

    Guest user

    I would be mindful using them. They haven’t given me the free sign up offer they advertise with no reason provided, and in live support informed me that it was management’s decision. My qualifying stake won and I am just waiting for them to process my withdrawal

    +0
    Reply
    1. Matt

      131

      That sounds like a default live chat response. Have you tried contacting them via email Lena?

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      Reply
      1. Lena

        Guest user

        Thanks Matt. They eventually approved my free bet after chasing 3 different people in live chat and spending overall quite some time, so I just managed to place a bet with a free bet granted, cross fingers no more issues with them;)

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        Reply
        1. Matt

          131

          Pleased to hear you got it credited Lena.

          +0
  21. John

    Guest user

    Don’t deal with these merchants! I just set up an account, deposited and bet £10 and did not see the free bet become available. So I contact the support team and I have been gubbed before my qualifying bet has even settled! Is there anything that can be done about this? Any ideas Matt?

    +0
    Reply
    1. Matt

      131

      That’s not great. I would suggest you get in touch with them again and if they’re still not willing to give you the free bet, tell them you plan to submit a complaint to IBAS.

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      Reply
  22. John

    Guest user

    Thanks Matt. I shall do just that.

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    Reply
  23. AM

    Guest user

    These charge a fee to deposit funds via Visa! I didn’t think that was legal anymore.

    This plus the comments above make me wary of these guys.

    +0
    Reply
    1. Matt

      131

      I’m not sure about the legalities of it, but it is stated in their terms and conditions.

      If you’re unsure, feel free to skip this one and move on to the next offer.

      +1
      Reply

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