Description
Register an account with Redbet and make your first deposit using the promotional code ‘redbetWelcome‘. Place your first bet on any sport and get 25% of your stake back as a free bet up to €50. Wager a further €100 to get a €25 free bet, redeemable twice. That’s a total of €100 in free bets.
Key terms
- UK residents are not eligible for this offer.
- Deposit €10+ as your first deposit using the promotional code ‘redbetWelcome‘.
- Customers depositing via Neteller, Skrill or Skrill 1-Tap will not be eligible for this offer.
- There are 3 free bets available as follows:
- Place your first bet and get 25% of your stake back as a free bet up to €50.
- Wager €100 in one or more bets, and get a €25 free bet.
- Wager another €100 in one or more bets, and get a €25 free bet.
- Qualifying bets must be placed and settled at minimum odds of 1.80 (4/5).
- Your free bets will be credited upon settlement of their respective qualifying bets.
- Free bets will be valid for 7 days.
- Free bet stakes will not be returned with any winnings.
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 Redbet.
- Deposit €200 using a debit card. Depending on the outcome of your first qualifying bet, you may need to deposit more funds to place further qualifying bets.
- Switch to decimal odds.
Qualifying bet #1
- Check the back odds at Redbet and the lay odds at Smarkets to find a suitable selection. Your qualifying bet must be placed at minimum odds of 1.80 (4/5).
- Use the ‘Qualifying Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
- Place your €200 qualifying back bet at Redbet.
- Place your lay bet against the same selection at Smarkets.
Free bet #1
- Your €50 free bet will be credited upon settlement of your qualifying bet.
- Check the back odds at Redbet 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 €50 free back bet at Redbet (valid for 7 days).
- Place your lay bet against the same selection at Smarkets.
Qualifying bet(s) #2
- To qualify for your second free bet, you need to wager €100 in one or more bets. Your qualifying bet must be placed at minimum odds of 1.80 (4/5). Check the back odds at Redbet and the lay odds at Smarkets to find a suitable selection.
- Use the ‘Qualifying Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
- Place your €100 qualifying back bet at Redbet.
- Place your lay bet against the same selection at Smarkets.
Free bet #2
- Your €25 free bet will be credited upon settlement of your qualifying bet(s) settling.
- Check the back odds at Redbet 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 €25 free back bet at Redbet (valid for 7 days).
- Place your lay bet against the same selection at Smarkets.
Qualifying bet(s) #3
- To qualify for your third free bet, you need to wager another €100 in one or more bets. Your qualifying bet must be placed at minimum odds of 1.80 (4/5). Check the back odds at Redbet and the lay odds at Smarkets to find a suitable selection.
- Use the ‘Qualifying Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
- Place your €100 qualifying back bet at Redbet.
- Place your lay bet against the same selection at Smarkets.
Free bet #3
- Your €25 free bet will be credited upon your qualifying bet(s).
- Check the back odds at Redbet 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 €25 free back bet at Redbet (valid for 7 days).
- Place your lay bet against the same selection at Smarkets.
As a rough guide, limit your total qualifying losses to around €15 and aim for €80 cash (80%) from your €100 in free bets. Based on those figures, you should make a €65 profit on this Redbet offer.
General advice and example for ‘Bet X, Get Y’ offers
Place your qualifying bets at low odds, ensuring you meet any minimum odds requirement. Use the ‘Qualifying Bet’ setting on the Matched Betting Calculator to calculate your lay stakes.
Once received, 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 ‘Bet X, Get Y‘ 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.
Got a question?
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.