£44.00
Guaranteed Profit
- -
Actual Profit

SportPesa Sign Up Offer – £50 Bonus


Posted by Matt (administrator) Matt

The SportPesa sign up offer is not to be missed. Simply sign up and bet between £10.00 and £50.00 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 £44.00 and here’s how…

Banner showing the £50 welcome bonus offer from SportPesa

Key Terms

  • Only deposits made via credit or debit cards are eligible for the bonus.
  • Our qualifying bet must be between £10.00 and £50.00.
  • Our qualifying bet must be placed at odds of 1.80 (4/5) or greater.
  • Our bonus will be credited upon settlement of our qualifying bet.

The Strategy

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

To claim the £50.00 bonus, 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 around 90% cash from our £50.00 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 £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 bonus.

Bonus

We’ll receive our £50.00 bonus upon settlement of our qualifying bet. The bonus will be valid for 30 days and must be wagered 3 times at odds of 1.80 (4/5) or greater before it is available for withdrawal.

By using straightforward matched betting, we should be able to extract around 90% cash from our £50.00 bonus, so £45.00. If we take into account our qualifying loss of £1.00, this gives us a guaranteed profit of £44.00 on this SportPesa sign up offer!

If you’re unsure how to extract £45.00 cash (90%) from the £50.00 bonus, check out my Bonus Rollover Strategy page for a walk-through guide on how it should be done.