Matt

As per the terms of the offer…

‘Your deposit must be wagered 10 times with the odds of 1.65. The bonus remains active and can be activated using funds from further deposits until all wagering requirements are met.’

So, if you continue with £2.00 losses for each £50.00 bet, you’ll lose a total of around £20.00 in activating the bonus.

You’ll then have a £50.00 bonus that just needs wagering once before you can withdraw it.

It sounds like you’ve made a couple of mistakes here @frustrated92.

As Tony has pointed out, you need to place free bets at higher odds. As the free bet stake isn’t returned, higher odds will enable you to maximise your profit.

You also need to make sure that you are laying the right amount which you can use the calculator for.

I’m not sure what exactly happened with your lay bet. If you placed a lay bet of £20.00 at really low odds, you should have only lost around £5.00-£6.00 at Betfair.

Be sure to have a thorough read of my matched betting guide which takes you through the process step-by-step…

https://matchedbettingblog.com/matched-betting-guide/

I wouldn’t say the bonus to cash ratio is standard across the board, but it’s nothing to worry about as long as you bear it in mind from the start.

It’s trickier than some offers, but there’s still value in it.

You’ll find some doubles to lay in the accumulator markets on Betfair and Smarkets, or failing that you can lay sequentially, provided the events you’re betting on don’t overlap.

You can underlay your bets too which ensures you retain the full bonus amount if your back bet wins.

Just make sure you have a big enough bankroll to keep going in the event that your back bets keep winning.

Thanks for posting Andy.

I’ve asked them the question for you @steve-55 and they confirmed that the bet credits don’t have to be wagered in one bet, you can use your bet credits on multiple smaller bets.

Thanks @scabbadab.

You might find my Betfair v Smarkets page useful @billwebber12…

https://matchedbettingblog.com/betfair-v-smarkets/