Description
Register an account with SpaceCasino and bet £10+ on any sport. If your bet loses, you can claim a £5 free bet.
Key terms
- Opt in using the ‘Opt-in’ button on the promotional page.
- The promotion applies to your first bet of £10+.
- If your qualifying bet loses, you’ll be eligible for a £5 free bet bonus code.
- Claim your free bet code by contacting the Customer Experience Team with your BetID and relevant personal details via email – support@spacecasino.co.uk.
- Your free bet code will be allocated within 48 hours of claiming.
- The free bet must be placed on the same sport as your qualifying bet.
- The free bet will be valid for 7 days once received.
- 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 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 5th May 2025. 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 SpaceCasino.
- Deposit £10 using a debit card.
- Switch to decimal odds.
Qualifying bet
- Check the back odds at SpaceCasino 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 £10 qualifying back bet at SpaceCasino.
- Place your lay bet against the same selection at Smarkets.
Free bet
- If your qualifying bet wins, you’ll make your profit at SpaceCasino, and you won’t need to place any further bets. You can claim a £5 free bet code if your qualifying bet loses. Claim your free bet code by contacting SpaceCasino’s Customer Experience Team with your BetID and relevant personal details via email at support@spacecasino.co.uk.
- Once you have your free bet code, head to Sports > My Bets > Bonus, enter your free bet code into the Enter bonus code box, and click Apply.
- Your free bet must be placed on the same sport as your qualifying bet. Check the back odds at SpaceCasino 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.
- On your betting slip at SpaceCasino, switch the mode to ‘Risk Free Bet ON‘ and place your £5 free back bet (valid for 7 days).
- Place your lay bet against the same selection at Smarkets.
Aim for a £2.50 profit on this SpaceCasino 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.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.