Description
Register an account with Hollywoodbets and stake £10+ on any sport as your first bet. Hollywoodbets will give you a £10 free bet if your bet loses.
Key terms
- Available to new players only between 1st March 2023 and 31st December 2023.
- A minimum deposit of £10 is required via VISA/Mastercard.
- Minimum stake of £10 as your first bet, within 3 days of registration.
- Minimum odds of 1.50 (1/2).
- You’ll receive a £10 free bet if your bet loses.
- The free bet will only be valid on multiples with 3+ legs.
- Minimum total odds of 3.00 (2/1) and minimum odds of 1.40 (2/5) per leg.
- The free bet will be valid for 3 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.
Account setup
- Sign up for a betting exchange account if you haven’t already. You’ll need this to match your bookmaker bet.
- Register an account with Hollywoodbets.
- Deposit £10 using a VISA/Mastercard debit card.
- Switch to decimal odds.
Qualifying bet
- Check the back odds at Hollywoodbets and the lay odds at the betting exchange to find a suitable selection. Look for 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 £7 as your ‘Cashback‘ figure as that’s the amount you can expect to convert your £10 free bet into (70%), should your qualifying bet lose.
- Place your £10 qualifying back bet at Hollywoodbets.
- Place your lay bet against the same selection at the betting exchange.
Free bet
- If your qualifying bet wins, you’ll make your profit at Hollywoodbets, and you won’t need to place any further bets. You’ll receive a £10 free bet upon settlement if your qualifying bet loses.
- Your free bet must be placed on a multiple with 3+ selections and minimum total odds of 3.00 (2/1). Each selection must have minimum odds of 1.40 (2/5). Check the back odds at Hollywoodbets and the lay odds at Smarkets to find suitable selections.
- Use the ‘Free Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
- Place your £10 free back bet at Hollywoodbets (valid for 3 days).
- Place your lay bet against the same multiple at Smarkets.
Aim for a £5.50 profit on this Hollywoodbets 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.
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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.