£39.00
Guaranteed Profit
- -
Actual Profit

SportPesa Sign Up Offer – £50 Free Bet


Posted by Matt (administrator) Matt

The SportPesa sign up offer is not to be missed. Simply sign up and place a bet at odds of 4/5 (1.80) or greater and SportPesa will give us a free bet equal to our stake, up to a maximum of £50.00. Translated into matched betting terms, this gives us a guaranteed profit of £39.00 and here’s how…

Banner showing the £50 free bet sign up offer from SportPesa

Key Terms

  • Only deposits made via credit or debit cards are eligible for the free bet.
  • Our qualifying bet must be a multiple of £10.00, up to a maximum of £50.00.
  • Our qualifying bet must be placed at odds of 1.80 (4/5) or greater.
  • Our free bet will be credited automatically upon settlement of our qualifying bet (we may need to log out and log back in for it to appear).

The Strategy

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

To claim the £50.00 free bet, we’ll need to bet £50.00 at odds of 1.80 (4/5) or greater.

We can then use straightforward matched betting to extract 80% cash from our £50.00 free bet.

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 £50.00…

SportPesa logo

Place £50.00 on Team A @ 1.80 = Potential profit of £40.00

Smarkets logo

Lay £50.00 on Team A @ 1.82 = Potential liability of £41.00

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

Outcome SportPesa Smarkets Overall Profit/Loss
Team A win + £40.00 – £41.00 £1.00 loss
Team A don't win – £50.00 + £49.00 (£50.00 minus 2% commission) £1.00 loss

So, regardless of the result of the match, we’ll lose £1.00 in qualifying for our £50.00 free bet.

Free Bet

We’ll receive our £50.00 free bet automatically upon settlement of our qualifying bet. The free bet will be valid for 7 days and the free bet stake will not be included in any returns.

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 £40.00 cash from our £50.00 free bet. If we take into account our qualifying loss of £1.00, this gives us a guaranteed profit of £39.00 on this SportPesa sign up offer!