£7.80
Guaranteed Profit
- -
Actual Profit

SportPesa Sign Up Offer – £10 Bonus


Posted by Matt (administrator) Matt

The SportPesa sign up offer is not to be missed. Simply sign up and place a bet between £5.00 and £10.00 at odds of 4/5 (1.80) or greater and SportPesa will give us a bonus equal to our stake. Translated into matched betting terms, this gives us a guaranteed profit of £7.80 and here’s how…

Banner showing the SportPesa sign up offer

Key Terms

  • Only deposits made via credit or debit cards are eligible for the bonus.
  • The minimum and maximum stakes are £5.00 and £10.00 respectively.
  • Our qualifying bet must be placed at odds of 1.80 (4/5) or greater.
  • On settlement of our qualifying bet, we must contact the 24/7 Customer Service Team to request the bonus.
  • Bonus credited within 24 hours of correspondence and will be valid for 5 days.

The Strategy

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

To claim the £10.00 bonus, we’ll need to bet £10.00 at odds of 1.80 (4/5) or greater.

We can then use straightforward matched betting to extract 80% cash from our £10.00 bonus.

Qualifying Bet

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

We can lay our bets with Betfair or Smarkets. At the time of writing, Smarkets is likely to give us the smallest qualifying loss and greater overall profit.

We can calculate our 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 us that our lay stake should be £10.00…

SportPesa logo

Place £10.00 on Team A @ 1.80 = Potential profit of £8.00

Smarkets logo

Lay £10.00 on Team A @ 1.82 = Potential liability of £8.20

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

OutcomeSportPesaSmarketsOverall Profit/Loss
Team A win+ £8.00– £8.20£0.20 loss
Team A don't win– £10.00+ £9.80 (£10.00 minus 2% commission)£0.20 loss

So, regardless of the result of the match, we’ll lose £0.20 in qualifying for our £10.00 bonus.

Bonus

Once our qualifying bet has settled, we must contact the 24/7 Customer Service Team to request our £10.00 bonus. The bonus will be credited within 24 hours of correspondence and will be valid for 5 days.

The bonus stake is not included in any returns, so we can treat it exactly the same as a stake not returned free bet.

By using straightforward matched betting, we can extract 80% cash from any free bet. Take a look at my Free Bet Strategy page for a walk-through guide on how this should be done.

So, we should be able to extract £8.00 cash from our £10.00 bonus. If we take into account our qualifying loss of £0.20, this gives us a guaranteed profit of £7.80 on this SportPesa sign up offer!