Description
Register an account with VBET and place a multiple bet comprising at least 3 selections. If the bet wins, you’ll receive a free bet equal to 50% of your stake up to £10. If the bet loses, you’ll receive a free bet equal to 100% of your stake up to £20.
Key terms
- Promotion is available to new verified customers residing in the UK.
- Only deposits made using Trustly and Nuvei qualify for this promotion.
- Place a multiple bet as your first ever Sportsbook bet.
- Your bet must have 3+ legs and minimum odds of 1.30 (3/10) per leg.
- Minimum stake of £2.
- Bets placed on horse racing and greyhounds are excluded.
- If your bet wins, you’ll get 50% of your stake as a free bet up to £10 (on top of your winnings).
- If your bet loses, you’ll get 100% of your stake back as a free bet up to £20.
- Your qualifying bet must be placed within 30 days of registering.
- Your free bet will be credited within 24 hours of your qualifying bet settling.
- The free bet will be valid on any sport for 5 days.
- 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 anytime, so it’s always worth double-checking.
Account setup
- Sign up for a Smarkets exchange account if you haven’t already. You’ll need this to match your VBET multiple bet.
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 VBET.
- Deposit £20 using a debit card (via Nuvei).
- Switch to decimal odds.
Qualifying bet
- Your qualifying bet must be a multiple with 3+ selections and minimum odds of 1.30 (3/10) per selection. Check the back odds at VBET and the lay odds at Smarkets to find suitable selections. Look for overall 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 £16 as your ‘Cashback‘ figure as that’s the amount you can expect to convert your £20 free bet into (80%), should your qualifying bet lose.
- Place your £20 qualifying back bet on a multiple at VBET (within 30 days of registering).
- Place your lay bet against the same multiple at Smarkets.
Free bet
- If your qualifying bet wins, you’ll receive a free bet on top of your winnings equal to 50% of your stake up to a maximum of £10. If your qualifying bet loses, you’ll receive 100% of your stake back as a free bet up to a maximum of £20.
- No matter the outcome, your free bet will be credited within 24 hours of your qualifying bet settling.
- Check the back odds at VBET and the lay odds at the betting exchange to find a suitable selection.
- Use the ‘Free Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
- Place your free back bet at VBET (valid for 5 days).
- Place your lay bet against the same selection at the betting exchange.
Aim for a £12 profit on this VBET offer as a rough guide. If your initial bet wins, you should make an extra £8 cash (80%) from your £10 free bet. Based on those figures, you could potentially make a £20 profit on this VBET offer.
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.
How to lay a multiple bet
Your best option is to lay your multiple at Smarkets, as their platform allows you to build any multiple and lay it as one bet. Therefore, you can place your multiple bet at the bookmaker and then build and lay the same multiple at Smarkets.
See my ‘Laying Multiples‘ guide for a complete walkthrough.
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 £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.