£16.48
Guaranteed Profit
- -
Actual Profit

Novibet Sign Up Offer – £25 Free Bet


Posted by Matt (administrator) Matt

The Novibet sign up offer is not to be missed. Simply sign up, deposit £10.00+ and place an accumulator bet with a minimum of three selections, each at odds of 7/10 (1.70) or greater. Novibet will then match your stake as a free bet, up to a maximum of £25.00. Translated into matched betting terms, this gives you a guaranteed profit of £16.48 and here’s how…

Banner showing the £25 free bet Novibet sign up offer

Banner showing the £25 free bet Novibet sign up offer

Key Terms

  • The offer is valid for all payment methods except Skrill, Neteller, Paysafe and Moneysafe.
  • Your £10.00+ qualifying bet must be an accumulator with three or more selections and placed within 30 days of registration.
  • Each selection must have odds of 1.70 (7/10) or greater.
  • Your free bet will be credited upon settlement of your qualifying bet (you will need to log out and log back in for it to appear).

The Strategy

This offer requires you to place a multiple/accumulator bet as your qualifier.

You can easily lay multiples at Smarkets though, so it’s still a straightforward ‘Bet X, Get X‘ offer.

To claim the maximum £25.00 free bet, you’ll need to place a £25.00 accumulator with at least 3 selections. Each selection must have odds of 1.70 (7/10) or greater.

You’ll incur a small loss on your qualifying bet, but you’ll be able to get £20.00 cash (80%) from your £25.00 free bet, leaving you a nice profit!

Qualifying Bet

It’s entirely up to you what selections you place your accumulator bet on, but you’ll need to find selections with close back and lay odds. I’ll use odds for some fictional football matches in the following example to demonstrate how this offer should be done.

Let’s say you decide to place your accumulator bet on Team A (1.70), Team B (2.00), and Team C (1.80) all to win at total back odds of 6.12.

You’ve built the same accumulator at Smarkets and see that it has lay odds of 7.00.

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 £21.92…

Novibet logo

Place £25.00 on Team A, Team B, and Team C all to win @ 6.12 = Potential profit of £128.00

Smarkets logo

Lay £21.92 on Team A, Team B, and Team C all to win @ 7.00 = Potential liability of £131.52

Let’s have a look at your potential profit/loss for the following outcomes…

Outcome Novibet Smarkets Profit/Loss
Accumulator wins +£128.00 -£131.52 £3.52 loss
Accumulator doesn't win -£25.00 +£21.48 £3.52 loss

So, regardless of the outcome, you’ll lose £3.52 in qualifying for your £25.00 free bet.

Free Bet

You’ll receive your £25.00 free bet upon settlement of your qualifying bet. The free bet will be valid for 30 days and the free bet stake will not be included in any returns.

By using straightforward matched betting, you should be able to turn your £25.00 free bet into £20.00 cash (80%). If you take into account your qualifying loss of £3.52, this gives you a guaranteed profit of £16.48 on this Novibet sign up offer!

If you’re unsure how to get 80% cash from any free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.