If you want to know how to beat the bookies, you’re in the right place as I show you how to tackle the BetVictor sign up offer for new customers. Simply sign up with BetVictor and they’ll match the value of our first bet with a bonus up to a maximum of £25.00. Translated into matched betting terms, this gives us a guaranteed profit of £21.43 and here’s how…
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
In order to qualify for the free bet, our qualifying bet must be placed at odds of 2.00 (EVENS) or over and within 30 days of opening our account.
It’s entirely up to you what you place your qualifying bet on, but I’ve included an example of how things might work out using the odds from an international football match between Mexico and Cameroon.
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges. We can calculate our lay stake using the matched betting calculator.
Place £25.00 on Mexico @ 2.30 = Potential profit of £32.50
Lay £24.42 on Mexico @ 2.375 = Potential liability of £33.57
Let’s have a look at our potential profit/loss for the following outcomes…
|Mexico win||+£32.50 – £33.57 = £1.07 loss|
|Mexico don't win||-£25.00 + £23.93 = £1.07 loss|
So regardless of the result of the match, we will lose £1.07 in qualifying for our £25.00 BetVictor welcome bonus.
Once we have received our £25.00 BetVictor welcome bonus, it’s time to extract our profit. There is a required rollover of 4 x bonus so in order to be able to withdraw the funds, we must either lose our bonus straight in our Smarkets account or play through the £100.00 rollover requirement. By using straightforward matched betting, we should be able to extract 90% of the £25.00 bonus as cash, so £22.50. If we take into account our qualifying loss of £1.07, this gives us a guaranteed profit of £21.43!
As the bonus funds are stake returned, we can use the ‘Free Bet – Stake returned’ option on the matched betting calculator.