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You will have seen Betfred’s shops plastered across many high streets in the UK. They are one of the best bookies about, as they provide great reload offers, and their sign up offer is also excellent.
Once again, we highly recommend depositing and betting a larger amount than the £10 needed to cover this qualifying bet, so that you look like a good customer from the start.
There will be bookies in our offer list where a larger deposit is not necessary, but for the vast majority it is very worthwhile doing if you want to make money long-term from matched betting.
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Switch the odds at BetFred to decimal format (via the ‘Settings’ section in the ‘Useful Links’ menu).
For this first qualifying bet, we recommend selecting a team to bet on at BetFred with odds between 2.0 and 3.0. This is to keep your liability (balance needed in Smarkets) low.
For clarity, if you select a team with odds of 1.80 (which is below the minimum odds), and place this bet, BetFred will not then grant you your free bets.
(If you don’t have Smarkets Exchange yet you can sign up here to get a £10 welcome bonus)
Ideally you need a maximum 10% (or around 0.2) increment between the back odds at BetFred and the lay odds at Smarkets.
For example, if the team you select at BetFred have odds of 2.3, your Smarkets lay odds should not be higher than 2.5. This is to minimise your qualifying loss.
You will now need to enter:
The calculator then works out your lay stake amount, which you will use for your against bet at Smarkets.
> Check your Smarkets balance is greater than your calculator liability.
> Reduce the chance of partially-matched bets or un-matched bets by making sure the liquidity (amount in £ under the lay odds) is larger than your lay stake amount.
Place your back bet at BetFred first and check it’s confirmed.
Place your lay bet at Smarkets using the lay stake from your calculator.
Your single £30 free bet will be credited within 48 hours of your qualifying bet settling and will be valid for 7 days.. It can be seen when you click on ‘view balance’.
We need to find a bet with higher odds in order to extract a larger profit from the free £30 bet.
We have created a table for you below to see what amount of liability you will need in Smarkets to obtain certain profit from the £30 free bet.
|BOOKMAKER ODDS||LIABILITY (Balance needed in Smarkets)||YOUR PROFIT PER £15 FREE BET|
To help you out, we also talk about the best matches to place your free bets on in our weekly Potential Bet Selections Blog.
Once you’ve found a bet to do enter your £30 free bet stake, with your back odds from BetFred and lay odds from Smarkets
Before placing your free bet, remember to do your two important checks:
Smarkets balance is greater than the liability in the calculator
Liquidity at Smarkets (numbers in £ under odds in blue box) is greater than your stake amount
> select your free bet in your betslip at BetFred
> place the free bet at BetFred first, check it’s gone through and then do the lay bet at Smarkets
30 free spins will be credited to your account within 48 hours of your Qualifying Bet settling. You have 3 days to accept the free spins. Once accepted they have a 7 day expiry.
According to BetFred’s T&Cs (at the time of writing) these free spins have no wagering requirements and any winnings will go to your withdrawable balance. This means they are risk-free and worth doing if you are happy to.
Go to the Casino section and open an eligible slot (e.g. Age of Gods; Halloween Fortune; Ice Cave; Stars Awakening). Claim the 30 free spin bonus via the pop-up message.
Play the 30 free spins only (stop when they are finished otherwise you start using your own money).
Any winnings from these free spins will go to your cash balance and will be available to withdraw.
Congratulations you’ve done it again :) – more profits through matched betting.
That’s another quick £18+ profit – and hopefully more if you were lucky and got a decent win with your free spins (it can and does happen!)
If any of your bets won at BetFred, we highly recommend doing a few fake mug bets as you really want to look like a great customer to BetFred.
Track your profits in your spreadsheet, and let’s get cracking with the next offer…
Watched the videos and read the guides but still unsure what to do or worried you might make a mistake? Don’t worry we’re here to help!
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There are 4 ways to ask for help
Visit our Knowledge-base which includes many matched betting FAQs
Email us at email@example.com. We try to respond within 24 hours
Visit our Potential Bet Selections blog to find Qualifying and Free Bets available this week.