Betway Sign Up Offer Guide

  • Bet £30 Get a £30 Free Bet
  • You can make £16 to £22
  • Newbies need ~25 minutes

BetWay are quickly becoming one of the UK’s leading online bookmakers. They provide a host of weekly reload offers, plus you are expected to make over £20 from their sign up offer alone.

HOT TIP: Betway are fantastic for making long-term profits from matched betting. As they ‘match your first deposit up to £30’ we only need to deposit £30. To look like a good customer though, after completing this offer if you have money left in your account then be sure to do a couple of fake mug bets. If your balance is low and you have the cash float available, you can even deposit a second time to do some fake mug bets. 

Betway Offer Summary

  • Deposit Method: Debit Card
  • Qualifying (Trigger) Bet: £30
  • Free (Profit) Bet: £30 (7 day expiry from deposit day)
  • Minimum Odds: 1.75
  • Expected Profit: £16-£22
  • Full T&Cs: click here

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Sign Up to BetWay

If you haven’t already, sign up to Smarkets first using our button below.

Next, follow the link below to get the correct offer from Betway

Deposit £30. You may be asked to provide verification documents (e.g. a photo ID copy).

STEP 1: Finding your Qualifying Bet

Video_Guide_IconTo view a video guide example please Join for Free here.

i) Use the Oddsmonkey Oddsmatcher to find a bet quickly (odds of 2.0 to 3.0)

On the Betway Sports website on desktop you can switch to decimal odds using the button near the top of the page. On mobile – once on the Sports section, click the menu icon and scroll down to ‘Odds Display’.

To help you find the best Qualifying Bet, and to find it quickly, we recommend to use your Oddsmonkey Oddsmatcher tool.

HOT TIP: Although the minimum odds are 1.75 we recommend to look for bets between the odds of 2.00 and 3.00 (or  more) if you can.

Not sure what the Oddsmatcher is? Find out more here.

ii) Select a Qualifying Bet and check the odds at Betway and Smarkets

Remember on Smarkets: #BLUE BOXES.

Choose a bet from the Oddsmatcher then check the odds are as expected at BetWay and Smarkets. (If not hit ‘Refresh’ on the Oddsmatcher to update the list of available bets). 

STEP 2: Calculate the Lay Bet Amount

Video_Guide_IconTo view a video guide example please Join for Free here.

Using the Qualifying Bet Calculator

You will now need to enter:

  1. Your stake amount at the bookmaker (this will be £30)
  2. Your back odds at the bookmaker (must be minimum of 1.75, but over 2.00 is  better)
  3. The blue box lay odds from Smarkets
Betway-Qualifying-Bet-Matched-Betting-Calculator-Example

The calculator then works out your lay stake amount, which you will use for your against bet at Smarkets.

(As this is a larger Qualifying Bet of £30 we would accept a Qualifying Loss up to £1.50)

IMPORTANT CHECKS

> 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 under blue lay box) is larger than your lay stake amount.

STEP 3: Placing your bets

Video_Guide_IconTo view a video guide example please Join for Free here.

Place your bet at Betway first and check it’s confirmed.

Place your lay bet at Smarkets using the lay stake from your calculator.

STEP 4: Profiting from your Free Bet

Video_Guide_IconTo view a video guide example please Join for Free here.

Your £30 free bet will credited as soon as your qualifying bet has been placed. Remember it has a 7 day expiry from the date of first deposit.

HOT TIP: You have probably built up your matched betting bank by now and thinking of using higher odds for your free bets – we would recommend not to go over odds of 6.00 for this first free bet though as Betway can be quite savvy at spotting matched bettors.

i) Choose a bet to do with higher odds to make a larger profit

We need to use our Oddsmonkey Oddsmatcher now to find bets with higher odds (ideally 4.0 or more) so that we can extract a good profit.

We have created a table for you below to see what amount of liability you will need in Smarkets to obtain certain profits from the £30 free bet.

Approximate-Liability-Needed-for-30GBP-Free-Bet

If you’ve decided not to try Oddsmonkey for  £1 now then you can manually search for bets to do or check our Matched Betting Blog for potential bets to do.

ii) Open the Profit Bet Calculator

Once you’ve found a bet to do enter your £30 free bet stake, with your back odds from Betway and lay odds from Smarkets

Betway-Profit-Free-Bet-Matched-Betting-Calculator-Exampe

Remember to do your important checks (Smarkets balance > liability; Smarkets liquidity > lay stake) before placing your free bet. 

iii) Select to use your free bets in the bet slip

Remember to:

> select your free bet in your betslip at Betway

> place the free bet at Betway first, check it’s gone through and then do your lay bet at Smarkets.

HOT TIP: Once the free bet settles we highly recommend to do some fake mug bets – even depositing a 2nd time if necessary. You will thank us later when you see how many great Reload Offers Betway has for us to make long-term profits from!

Congratulations-on-completing-this-offer

Track your profits in your spreadsheet, and let’s get cracking with the next offer…