Description
Register an account with Lottoland and bet £5+ on any sport. Lottoland will give you a £5 free bet if your bet loses.
Key terms
- You must opt into the promotion before placing your qualifying bet.
- The promotion applies to your first sports bet only.
- Minimum stake of £5.
- You’ll receive a £5 free bet within 72 hours of settlement if your qualifying bet loses.
- The free bet will be valid for 7 days.
- The free bet stake will not be returned with any winnings.
- The maximum win from the free bet is capped at £100.
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
- Sign up for a Smarkets account if you haven’t already. You’ll need this to match your bookmaker 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 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.
- Register an account with Lottoland.
- Opt into the promotion.
- Deposit £5 using a debit card.
- Switch to decimal odds.
Qualifying bet
- Check the back odds at Lottoland and the lay odds at Smarkets 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 £4 as your ‘Cashback‘ figure as that’s the amount you can expect to convert your £5 free bet into (80%), should your qualifying bet lose.
- Place your £5 qualifying back bet at Lottoland.
- Place your lay bet against the same selection at Smarkets.
Free bet
- If your qualifying bet wins, you’ll make your profit at Lottoland, and you won’t need to place any further bets. If your qualifying bet loses, you’ll receive a £5 free bet within 72 hours of settlement.
- Check the back odds at Lottoland 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 £5 free back bet at Lottoland (valid for 7 days).
- Place your lay bet against the same selection at Smarkets.
Aim for a £3 profit on this Lottoland 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.
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.
