Novibet Sign Up Offer – £10 Free Bet

£7.00
Guaranteed Profit

The Novibet sign up offer is another great starter for matched betting newbies. Simply sign up, deposit and bet £20+ and Novibet will give you a £10 free bet. Translated into matched betting terms, this gives you a guaranteed profit of £7+. Let’s work through it one step at a time.

Key terms

  • Offer is valid for all payment methods except Skrill, Neteller, Paysafe and Moneysafe.
  • Minimum first deposit of £20.
  • Minimum first bet stake of £20.
  • Minimum odds of 1.70 (7/10).
  • Qualifying bet must be placed within 3 days of registration.
  • £10 free bet credited within 10 minutes of qualifying bet settlement.

The strategy

This is a straightforward ‘Bet X, Get X‘ offer.

To claim the £10 free bet, you’ll need to bet £20 at odds of 1.70 (7/10) or greater. You can then use straightforward matched betting to convert your free bets into cash.

Qualifying bet

It’s entirely up to you what you place your qualifying bet on, but you’ll need to find a selection with close back and lay odds. Big football matches are a good place to start looking or any other popular events where plenty of bets will be placed.

If you’d like more information about qualifying bets and how they work, please see my qualifying bets guide.

I’ll use some example odds to illustrate how this offer should be done. Let’s say Chelsea are back odds of 1.75 and lay odds of 1.79 to win a football match.

Use an exchange of your choice

You can calculate your lay stake using my Matched Betting Calculator

Select bet type

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells you that your lay stake should be £20.11

Novibet logo

Place £20.00 on Chelsea @ 1.75 = Potential profit of £15.00

Betfair logo

Lay £20.11 on Chelsea @ 1.79 = Potential liability of £15.88

Let’s have a look at your potential profit/loss for each outcome…

OutcomeNovibetBetfairProfit/Loss
Chelsea win+ £15.00– £15.88£0.88 loss
Chelsea lose or draw– £20.00+ £19.10£0.90 loss

So, regardless of whether Chelsea win, lose or draw, you’ll incur a small loss of no more than £0.90. It’s worth it though, as you’ve just qualified for a £10 free bet!

Free bet

Your £10 free bet will be credited to your account within 10 minutes of your qualifying bet being settled. The free bet will be valid for 7 days and the free bet stake will not be returned with any winnings.

Repeat the matched betting process for your free bet, but this time select the ‘Free Bet‘ option on the calculator. If you’re still a bit unsure of the process and would like to walk through using your free bet step by step, see my free bets guide.

You should be able to get £8 cash (80%) from your £10 free bet. If you take into account your maximum qualifying loss of £0.90, this gives you a guaranteed profit of £7.10 on the Novibet sign up offer!

There are plenty more offers like this one to profit from and you can find them all on my New Customer Offers page.

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.