Sky Bet – NFL Free Bet Offer

Thanksgiving has arrived across the pond, and you don’t want to miss this Sky Bet free bet offer! Opt in and bet £10.00+ on any NFL Thanksgiving match, and Sky Bet will give us a £5.00 free bet. Translated into matched betting terms, this provides us with a profit of £3.44 and here’s how…

Key terms

  • We must opt in on the promotion page to be eligible.
  • Promotion will run from 11:30 on Wednesday 24th November 2021 until the start of Bills @ Saints (01:20) on Friday 26th November 2021.
  • Applies to pre-match bets placed on Bears @ Lions, Raiders @ Cowboys or Bills @ Saints.
  • Minimum stake of £10.00.
  • Minimum odds of 1.50 (1/2).

Qualifying bet

Please see my qualifying bets guide if you’d like more information about them and how they work.

It’s entirely up to you what you place your qualifying bet on.

At the time of writing, Chicago Bears are back odds of 1.667 (4/6) to beat Detroit Lions. The lay odds are currently 1.75.

Smarkets works best for this offer

We can calculate our lay stakes 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 £9.64…

Sky Bet logo

Place £10.00 on Chicago Bears @ 1.667 = Potential profit of £6.67

Smarkets logo

Lay £9.64 on Chicago Bears @ 1.75 = Potential liability of £7.23

Outcomes

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

OutcomeSky BetSmarketsProfit/Loss
Chicago Bears win+ £6.67– £7.23£0.56 loss
Any other outcome– £10.00+ £9.44£0.56 loss

So, no matter the outcome, we’ll lose £0.56 in qualifying for our £5.00 free bet.

Free bet

Our £5.00 free bet will be credited upon placement of our qualifying bet and valid on any market. Free bets will not be subject to expiry, and free bet stakes are not included in any returns.

Using straightforward matched betting, we should convert our free bet into 80% cash, so £4.00. Considering our qualifying loss of £0.56 gives us a profit of £3.44 on this Sky Bet offer!

* Chicago Bears beat Detroit Lions 16-14, resulting in a £3.44 profit on this Sky Bet offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.