Register an account with Bwin, deposit £10+ and place a £10-£20 multiple bet with 3+ selections. If it loses, Bwin will refund your stake as a free bet.
- Deposits made via Skrill, Entropay, PayPal and Neteller will not qualify for this offer.
- Minimum deposit of £10.
- Minimum stake of £10.
- The maximum stake is £20.
- Your qualifying bet must be a multiple with 3+ selections.
- Minimum combined odds of 3.00 (2/1).
- If your bet loses, your stake will be refunded as a free bet upon settlement.
- Free bet will be valid on football for 7 days.
- The free bet stake will not be returned with any winnings.
Always check the terms of an offer yourself before placing any bets. Bookmakers can amend their terms anytime, so it’s always worth double-checking.
- Sign up for a Smarkets exchange account if you haven’t already. You’ll need this to match your bookmaker multiple bet.
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.
- Register an account with Bwin.
- Deposit £20 using a debit card.
- Switch to decimal odds.
- Your qualifying bet must be a multiple with 3+ selections and minimum combined odds of 3.00 (2/1). Check the back odds at Bwin and the lay odds at Smarkets to find suitable selections. Look for overall odds around 5.00 (4/1) and above, as 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 £16 as your ‘Cashback‘ figure as that’s the amount you can expect to convert your £20 free bet into (80%), should your qualifying bet lose.
- Place your £20 qualifying back bet on an eligible multiple at Bwin.
- Place your lay bet against the same multiple at Smarkets.
- If your qualifying bet wins, you’ll make your profit at Bwin, and you won’t need to place any further bets. If your qualifying bet loses, your £20 free bet will be credited upon settlement.
- Your free bet must be placed on football. Check the back odds at Bwin and the lay odds at the betting exchange to find a suitable selection.
- Use the ‘Free Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
- Place your £20 free back bet at Bwin (valid for 7 days).
- Place your lay bet against the same selection at the betting exchange.
Aim for a £12 profit on this Bwin 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.
Learn matched betting the free, easy way.
The Matched Betting Academy
- Logically structured to tackle strategies and offers as you’re ready for them.
- Bag profits every step of the way. About £600 from welcome offers, and another £500 monthly.
- Make £15 from your very first offer.
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 £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.