We all love a risk-free bet and Betsafe love dishing them out! Place six £10.00 bets between Monday and Friday and Betsafe will give us a £10.00 risk-free bet to be used at the weekend. Translated into matched betting terms, this gives us a guaranteed weekly profit of £5.10 and here’s how…
Qualifying Bet:
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.
To qualify for our £10.00 risk-free (‘safe’) bet, we need to place six bets of £10.00 via desktop or mobile. Qualifying bets must be placed and settled at odds of 1.50 (1/2) or greater between 00:01 CEST on Monday and 23:59 CEST on Friday, to be eligible.
It’s entirely up to you what you place your qualifying bets on.
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 stakes using my matched betting calculator.
So, we’ll lose a total of around £2.40 in qualifying for our £10.00 risk-free bet.
Safe Bet:
Our £10.00 risk-free bet will credited at 00:01 CEST on Saturday and will be valid until 23:59 CEST on Sunday. Our risk-free bet can only be redeemed on mobile and cannot be used on horse racing markets.
We must place our risk-free bet using our own funds by ticking the ‘Safe Bet’ checkbox on our betslip.
If our risk-free bet loses, Betsafe will refund our stake in cash. If our risk-free bet wins, the winnings will be considered bonus money and will need to be wagered once at minimum odds of 1.50 (1/2) or greater. As we’ll need to place our risk-free bets at higher odds, we shouldn’t have too much wagering to do.
If you’re unfamiliar with risk-free bets, please see my Risk-Free Bet Strategy page for a walk-through guide on how they should be done.
We should be able to extract at least 75% cash from our £10.00 risk-free bet, so approximately £7.50. If we take into consideration our total qualifying loss of £2.40, we should make a guaranteed profit of £5.10 each week on this Betsafe offer!
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.