1. Forums
  2. Newbies

Help profiting from deposit bonus (Bet365)

  • After a period of inactivity Bet365 sent me this “We’ve not seen you for a while at bet365 and we would of course love to welcome you back. As ever we have a huge range of promotions available, and we would like to offer you a £100 bonus.”

    I was wondering if there was a set technique to maximising profits on a standard deposit bonus offer like this. It first requires your deposit to be staked to unlock the bonus, but this bet doesn’t have to settle. Also to withdraw the bonus you must stake x6 the or the original amount. So i deposited 60 and need to stake 360 in order to be able to withdraw.

    My plan was to bet my deposit at close to the minimum odds of 1.5 and then bet my bonus at odds of around 6 to extract profit and almost reach the 360 (x6 stake). After this i guess i would need to stake the 360 in one bet at low odds but that would still lower profits.

    So is there a better technique?
    Thanks,
    Tom.

    +0
    tomwebster46
    0
    September 6, 2016 at 9:32 am

  • New to matched betting?

    My Matched Betting Academy is the best place to get started. Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.

    Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.

    FoG_BLoG 47 September 6, 2016 at 9:57 am

    So I think if I understand the promotion that you were offered – you deposited £60 and they gave you £60 free? So your balance should be £120 and you need to have settled stakes of £360 before you can withdraw any of the bonus.

    I would continuing backing/laying at minimum odds until you have reached £360 settled stakes. Finding a close match for a back and lay to minimise the loss while completing the rollover.

    The Bet365 bonus is not a free bet, so it makes no sense to look for high odds to extract profit like you were hinting at.

    Treat it as your own cash and try to lose as little of it as possible while completing the roll over requirements.

    +0
    Dave_Jones 7 September 6, 2016 at 10:09 am

    Was it lack of funds that prevented you depositing £100? It just seems a shame that you have left the best part of 40 quid in Bet365s pocket. They certainly don’t need it, I see a lot of people on various forums doing things like this. I understand if money is tight but you don’t get that many offers like this one. You really need to try and take maximum advantage of them when they do come up.

    +0
    tomwebster46 0 September 6, 2016 at 11:17 am

    Thanks for your replies!

    FoG so should i place bets near the minimum odds (1.5) until i get to 360, and then i have to wager that once, which will probably incur quite a big loss just because of the amount of money it is?

    Dave: No it was lack of a good technique to profit from these offers, and the more i deposited the more I would need to reach to be able to finally withdraw it!

    +0
    FoG_BLoG 47 September 6, 2016 at 11:38 am

    No tom.

    You dont have to build up a balance of 360 and wager it all in one shot. Is that what you are thinking?

    Your total settled stakes have to be 360.

    So for example your balance is 120 now.

    You can bet it all on Netherlands @ 2.4 and lay it off on smarkets at 2.46.

    If the dutch dont win then your balance is 0 at Bet365 and your balance at smarkets has increased by almost £120. Actually if that happens, then you are done, no more wagering.

    If the dutch win then your balance in Bet365 goes up and smarkets goes down by an amost equivalent amount (minus qualification losses). And you have bet 120 of your 360 rollover requirement. You have 240 left to bet.

    So keep betting on low odds favs like this as they are easiest to find tight back and lay for min qualifying losses. For example you could do 4 more bets staking 60 each.

    That’s just an example. You don’t have to bet the 120 in one shot, my preference is to split it up and maybe bet 20 to 50 at a go. I know its risk free, but big bets of 120 would be out of behaviour for the sort of activity I have at bet365 and may draw attention. Also it is risk free – but you know sometimes things happen like the internet crashes or smarkets crashes and you dont get your lay on and you have 120 at risk.

    All i am trying to say is that I dont recommend going full 120 on Holland, just was the easiest way to explain it.

    +0
    tomwebster46 0 September 6, 2016 at 6:48 pm

    FoG that is really helpful, I’ve been looking for an answer like that for a while!

    Thanks a lot.

    +0
Viewing 5 replies - 1 through 5 (of 5 total)

You must be logged in to reply to this topic.

Share this page

New Customer Offers

0% Commission for 60 Days

T&C's Guide

£20 Free Bet

T&C's Guide

£40 in Free Bets + 50 Free Spins

T&C's Guide

£20 in Free Bets

T&C's Guide

£30 in Free Bets

T&C's Guide

£30 Money Back if Bets Lose + 20 Free Spins

T&C's Guide

£20 in Free Bets

T&C's Guide

£20 in Free Bets

T&C's Guide
View all new customer offers