The BetStars sign up offer is another easy starter for matched betting newbies. Simply sign up today and bet just £5.00 and BetStars will give us a £5.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £3.90 and here’s how…
- The minimum stake to qualify is £5.00.
- Our qualifying bet must be placed at odds of 2.00 (evens) or greater.
- Promotion is not available to customers depositing via Neteller or Skrill (Moneybookers).
- We must place our qualifying bet within 90 days of opening our account.
- Free bets will be credited within 48 hours and will be valid for 7 days.
This is a straightforward ‘Bet X, Get X‘ offer.
To claim the £5.00 free bet, we’ll need to bet £5.00 at odds of 2.00 (evens) or greater.
We can then use straightforward matched betting to extract 80% cash from our £5.00 free 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 calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £5.00…
Place £5.00 on Team A @ 2.00 = Potential profit of £5.00
Lay £5.00 on Team A @ 2.02 = Potential liability of £5.10
Let’s have a look at our potential profit/loss for the following outcomes…
|Team A win||+ £5.00||– £5.10||£0.10 loss|
|Team A don't win||– £5.00||+ £4.90 (£5.00 minus 2% commission)||£0.10 loss|
So, regardless of the result of the match, we’ll lose £0.10 in qualifying for our £5.00 free bet.
Our £5.00 free bet will be credited to our account within 48 hours of our qualifying bet being placed. The free bet will be valid for 7 days and the free bet stake 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 £4.00 cash from our £5.00 free bet. If we take into account our qualifying loss of £0.10, this gives us a guaranteed profit of £3.90 on this BetStars sign up offer!
Click here to take advantage of this BetStars welcome offer