Another rollover question

  • Sorry, long post coming!

    Hi I’m new to matched betting, been making a modest profit for just over a week now with the easy sign up offers but I have been avoiding the rollover signups as they confuse me a bit.
    I read through the guide that’s at the top but still a little worried.
    That being said, I’m tempted by the unibet offer (£30 bonus if your bet loses) but still trying to workout the t+c’s
    “If you lose your first bet we will refund your stake as bonus money, up to £30. You can withdraw the bonus money once you have completed the following requirements:
    To withdraw your refunded stake you would have to wager it 3x (e.g. if you receive a £10 bonus, you must wager £30 to fulfil the terms). Your bets will count towards the total once they’ve been settled. (Only bets with odds of 1.4 or higher count). Only bets settled within the bonus validity period will count.”
    So from this I’m presuming if I place a back bet £30 @1.4 or higher I will receive £30 bonus if it loses, then I would need to wager that bonus and £60 more (30+60=90 (3×bonus)) to qualify and withdraw anything left over?
    Is this right? And at same time if I wager that bonus as an SR and lay it off on smarkets (hoping it loses) I could make a healthy profit on the exchange and offer would be over? But if it wins i still have to wager another £60 to complete the offer laying off the bets on the calculator as qualifying bets to minimise loss?
    All help and advice is very much welcome and appreciated (even a step by step guide maybe haha)

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    deathstar 25

    Actually, that offer is a bit cheeky because its a risk free bet followed by a rollover. so you did the right thing to ask for help.

    first off, read Matts guide on risk free bets (note that you need to bet at high odds similar to a free bet, but not quite)
    https://matchedbettingblog.com/risk-free-bet-strategy/

    then once you’ve done the bet and its settled you will know whether you need to do the rollover. in which case you need to continue betting at the minimum odds required until you finish or your balance is empty.
    HTH

    +0
    deathstar 25

    ps – there is another way of doing risk free offers, you can literally punt a bet and hope that it wins in the knowledge that you will get your money back if you lose. However this is not quite true as you will get your money back as a free bet so in fact you will be down ~20%. add to that the rollover and its probably not worth the risk of doing it this way.

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    Sniggsy 0

    Thanks deathstar, I will read through the risk free guide a couple more times to make sure I understand it and then go from there. I’m not confident enough to punt so will go with the risk free advice and hunt out a tight match at high odds (liability allowing)
    I will probably be back with another rollover question once I got a decent amount in the exchange to cover. For now I’m eyeing the Ladbrokes 50 for 50 sign up offer.

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