Betway Sign Up Offer (2024) | How to Make £18.00 Profit

Description

Register an account with Betway and place your first bet on a football or horse racing multiple with 3+ selections. If your bet loses, Betway will match your losing stake as a free bet up to £30. You’ll also receive 100 free spins, no matter the outcome.

Key terms

Debit card deposits only (exclusions apply).
Minimum stake of £5.
Maximum free bet of £30.
Applies to your first bet on a football or horse racing multiple with 3+ selections.
Minimum total odds of 3.00 (2/1).
Qualifying bet must be placed within 7 days of registration.
If eligible, your free bet should be credited within an hour of your qualifying bet settling.
The free bet will be valid for 7 days.
The free bet stake will not be returned with any winnings.
You’ll receive 100 free spins (worth 10p each) within an hour of placing your qualifying bet.
The free spins will be valid on Gold Blitz for 7 days.
Any winnings can be withdrawn as cash.

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

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 May 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.

Deposit £30 using a debit card.
Switch to decimal odds.

Qualifying bet

Your qualifying bet must be a football or horse racing multiple with 3+ selections and minimum total odds of 3.00. Check the back odds at Betway and the lay odds at Smarkets to find suitable selections. Look for overall odds around 5.00 (4/1) and above; high odds should give you more profit than low odds.
Use the ‘Money Back if Bet Loses‘ setting on the Matched Betting Calculator to calculate your lay stake. You can enter £24 as your ‘Cashback‘ figure as that’s the amount you can expect to convert your £30 free bet into (80%), should your qualifying bet lose.
Place your £30 qualifying back bet on an eligible football or horse racing multiple at Betway (within 7 days of registering).
Place your lay bet against the same multiple at Smarkets.

Free bet

If your qualifying bet wins, you’ll make your profit at Betway, and you won’t need to place any further bets. If your qualifying bet loses, your £30 free bet should be credited within an hour of settling.
Check the back odds at Betway and the lay odds at Smarkets to find a suitable selection.
Use the ‘Free Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
Place your £30 free back bet at Betway (valid for 7 days).
Place your lay bet against the same selection at Smarkets.

Free spins

Cash funds are used before bonus funds, so ensure your real money balance is £0 before wagering your free spins.

Wager your 100 free spins on Gold Blitz within 7 days. Any winnings can be withdrawn as cash.

Aim for an £18 profit on this Betway offer as a rough guide.

General advice and example for ‘Money back if bet loses’ offers

Place your ‘Money back if bet loses’ bets at high odds to maximise your profits. Use the ‘Money Back if Bet Loses’ setting on the Matched Betting Calculator to calculate your lay stakes. In the ‘Cashback’ field, you should enter the amount of your cash refund or the amount you expect to convert if the bookmaker pays your refund as a free bet or bonus.

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 Money back if bet loses 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.

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Bag profits every step of the way. About £600 from welcome offers, and another £500 monthly.
Make £15 from your very first offer.

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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.

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Harryharvey5
0

Hi Matt. Thanks for your help with this blog, I wish I had found it years ago. With the money back bets the maths is confusing me a bit. With the ‘Cashback’ in the calculator you say to put about £24 in which I understand is how much would be made either way, but you are getting all the £30 back so why wouldn’t you put this as £30?

I dont know if im missing something haha, thanks in advance

+0
Reply April 19, 2022 at 11:29 pm
1. Matt
  1490
  
  Hi Harry,
  
  Your ‘Cashback’ figure should be the amount of your cash refund or the amount you expect to convert if your refund is credited as a free bet or bonus.
  
  So, with that in mind, you would only enter £30.00 if the refund was paid in cash.
  
  For this offer, Betway match losing stakes as a free bet up to £30.00. You can usually convert a free bet into around 80% cash, so you can use a ‘Cashback’ figure of £24.00.
  
  I hope that helps.
  
  +0
  Reply April 20, 2022 at 1:02 am
Islander
0

Hey there,

I’m doing this offer just now and will make well shy of £18, it’s looking like about £11.90 for me. Any time I am doing an accumulator the lay odds are way off the back odds so there’s always a drop in profit at that stage. What sort of odds would you be looking at getting to make £18 overall? My figures just aren’t matching up with the predicted profits. Makes me feel like I am missing something.

But hey for the sake of perspective, thanks for the free £11.90 all the same 😀

Cheers

+0
Reply May 15, 2022 at 1:11 pm
1. Matt
  1490
  
  I’ve just had a quick look, and you can get Liverpool (v Southampton), Rayo Vallecano (v Levante) and Real Madrid (v Real Betis) at combined back odds of 5.175 and lay odds of 5.70 for a profit of £16.64. Admittedly, still short of the £18.00 mark, but there should be even better opportunities over a busy weekend.
  
  I hope that helps.
  
  +1
  Reply May 17, 2022 at 11:26 am
Mark
0

Hi Matt. Great blog!

I’ve been following carefully up until this point. I’m confused by this offer though.

For the qualifying bet:

At Betway I’m BACKING a ‘horse racing multiple’ with 3 selections.

For the LAY bet I’m trying to back AGAINST the 3 selection as per the instructions: “Place your lay bet AGAINST the same multiple at Smarkets.”

But I can’t bet AGAINST multiples at SMARKETS.

Am I missing something??

Thanks in advance.

+0
Reply February 2, 2023 at 9:41 am
1. Matt
  1490
  
  Hi there,
  
  You can build a multiple at Smarkets and lay it as one bet. See my ‘Laying Multiples‘ guide for a walkthrough.
  
  If you haven’t already, I recommend working through the Matched Betting Academy as it teaches you the different strategies before attempting the respective offers.
  
  I hope that helps.
  
  +0
  Reply February 5, 2023 at 10:05 am
Lewis
Guest user

Hi Matt,

My £30 acca lost (5.28 total odds) yet I received no matched free bet, nor did I receive any free spins. The bet settled over three hours ago at this point.

Could you advise please?

+0
Reply January 16, 2024 at 11:12 pm
1. Matt
  1490
  
  Hi Lewis,
  
  I imagine it was, but was your accumulator on football or horse racing with 3+ selections?
  
  If so, you should be eligible for the free bet and free spins, so I recommend getting in touch with Betway to see why it hasn’t been credited. It might be that it’s just a glitch in the system and they’ll credit the free bet and free spins manually.
  
  +1
  Reply January 17, 2024 at 7:24 am
John
Guest user

I cant place a bet on this bookmaker. It is always saying I have exceeded maximum allowed stake. I have tried verifying but my account is already verified.

+0
Reply March 21, 2024 at 6:27 pm
1. Matt
  1490
  
  It might be worth reaching out to them via live chat and querying it, John. It sounds like you’ve been stake-restricted.
  
  +0
  Reply March 24, 2024 at 8:38 pm
  1. johnpaulm20
    2
    
    Yup. Looks like it. I have had a chat with customer service and they were not very helpful. I decided to close the account instead and maybe I will try in 6 months. Hopefully, things will be different.
    
    +1
    Reply March 26, 2024 at 12:52 pm