Betway Sign Up Offer

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 your qualifying bet settling.
  • 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  • Any winnings can be withdrawn as cash.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

  1. Sign up for a Smarkets account if you haven’t already. You’ll need this to match your Betway multiple 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.

  1. Register an account with Betway.
  1. Deposit £30 using a debit card.
  2. Switch to decimal odds.

Qualifying bet

  1. 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.
  2. 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.
  3. Place your £30 qualifying back bet on an eligible football or horse racing multiple at Betway (within 7 days of registering).
  4. Place your lay bet against the same multiple at Smarkets.

Free bet

  1. 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.
  2. Check the back odds at Betway and the lay odds at Smarkets to find a suitable selection.
  3. Use the ‘Free Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
  4. Place your £30 free back bet at Betway (valid for 7 days).
  5. 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.

  1. 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.

Matched Betting Academy

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched 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.