The BetStars sign up offer is another easy starter for matched betting newbies. Simply sign up today and bet just £20.00 and BetStars will give us £20.00 in free bets. Translated into matched betting terms, this gives us a guaranteed profit of £15.60 and here’s how…
The key terms to be aware of are as follows:
- The minimum stake to qualify is £20.00.
- Our qualifying bet must be placed at odds of 2.00 (evens) or greater.
- Promotion is not available to customers depositing via Neteller, Skrill or Moneybookers.
- We must place our qualifying bet within 90 days of opening account.
- Free bets will be credited within 48 hours and will be valid for 7 days.
This a straightforward ‘Bet X, Get X‘ offer.
To claim the £20.00 in free bets, we’ll need to bet £20.00 at odds of 2.00 (evens) or greater.
We can then use straightforward matched betting to extract 80% cash from our £20.00 in free bets.
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 calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £20.00…
Place £20.00 on Team A @ 2.00 = Potential profit of £20.00
Lay £20.00 on Team A @ 2.02 = Potential liability of £20.40
Let’s have a look at our potential profit/loss for the following outcomes…
|Team A win||+ £20.00||– £20.40||£0.40 loss|
|Team A don't win||– £20.00||+ £19.60 (£20.00 minus 2% commission)||£0.40 loss|
So, regardless of the result of the match, we’ll incur a qualifying loss of £0.40, but we now have £20.00 in free bets!
Our 2 x £10.00 free bets will be credited to our account within 48 hours of our qualifying bet being placed. The free bets will be valid for 7 days and the 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 £16.00 cash from our £20.00 in free bets. If we take into account our qualifying loss of £0.40, this gives us a guaranteed profit of £15.60 on this BetStars new customer offer!
Click here to take advantage of this BetStars sign up offer