Sky Bet Sign Up Offer Guide

  • Bet £5 Get a £20 Free Bet
  • You can make £10 to £15
  • Newbies need ~20 minutes

Sky Bet are one of our all time favourite bookmakers.

The regular offers they provide are among the best in the betting industry – so it’s only fitting we start your matched betting journey by walking you through their sign up offer.

Offer Summary

  • Deposit Method: Debit Card
  • Qualifying (Trigger) Bet: £5
  • Free (Profit) Bet: £20 (2 x £10)
  • Minimum Odds: 2.0
  • Expected Profit: £10-£15
  • Full T&Cs: click here

Join for Free in Seconds...

Access our video guides, matched betting calculators & more instantly. Everything on our site will always be 100% free to use.

Sign up to Smarkets and Sky Bet using the links below to get the correct welcome offers. You may be asked to verify your accounts during registration (e.g. with a copy of a Photo ID).

Sign up advice for beginners...

HOT TIP – Sky Bet have great regular offers

Mug (or Over) Depositing. Although the minimum first deposit into Sky Bet is £5 we recommend depositing £10-£15 or more if you can (if you can’t don’t worry – it’s not a big deal).

Why do we recommend this? Well you will immediately appear as a ‘good customer’ and this helps increase your chances of receiving more and regular existing customer free bets and other promotions from which you can profit from long-term.

  • During registration tick the box to receive regular promotions (this is how you can make profits long-term).
  • Deposit using a debit card (credit cards may incur a £3 fee).
  • Avoid using Paypal as you may not be eligible to receive the offer or future promotions.
  • We recommend a minimum starting deposit of £50 into Smarkets.

STEP 1: Finding your Qualifying Bet

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

i) Switch to Decimal Odds Format

To turn the fractional odds displayed at Sky Bet into decimals:

  • once logged in open the ‘My Account’ section;
Sky Bet My Account Section
  • scroll down to enter into ‘Edit Account Details’, then into ‘Odds Format’;
  • choose to display odds as decimals.

ii) Choose a popular league or cup

Examples include the Premier League, La Liga, Champions League, Euro 2020 etc.

To make life simpler for you we often provide lists of good Qualifying Bets to do in our Potential Bet Selections blog

View a Screenshot Example

iii) Select teams which have odds above the minimum odds of 2.0 ('evens')

For this first qualifying bet, we recommend selecting a team to bet on at Sky Bet with odds between 2.00 and 2.80. This is to keep your liability (balance needed in Smarkets) low.

For clarity, if you select a team with odds of 1.85 (which is below the minimum odds), and place this bet, Sky Bet will not then grant you your free bets. 

View a Screenshot Example

iv) Check the Smarkets Exchange lay odds and choose the team which have the closest lay odds to the odds at Sky Bet

HOT TIP: Remember the lay odds at Smarkets are in the BLUE BOXES.

Ideally you need a maximum 10% (or around 0.2) increment between the back odds at Sky Bet and the lay odds at Smarkets.

As an example, if the team you select at Sky Bet have odds of 2.5, your Smarkets lay odds should not be higher than 2.7. This is make sure your Qualifying Loss is as small as possible.

View a Screenshot Example

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 Sky Bet (e.g. minimum is £5, but try do £10 if you can)
  2. Your back odds at Sky Bet (e.g. 2.40 were our example odds for Fulham to win)
  3. The blue box lay odds from Smarkets (e.g. 2.42 were our example odds against Fulham winning)

The calculator then works out your lay stake amount.

This is the amount you will use at Smarkets for your against bet.


> At this point you must always check the liability amount on your calculator. Your balance in Smarkets must be the same or larger than the liability amount. If your Smarkets balance is less than the liability, you can not do your Qualifying bet until you top up your Smarkets balance first.

> It’s also a good idea to check the liquidity available in Smarkets is greater than your stake amount (the liquidity is the small silver numbers in £ that are under your lay odds blue box) . Ideally your liquidity should be at least double your lay stake amount.

Checking Liquidity on Smarkets for Matched Betting

HOT TIP: For the bet £5 Get £20 offer, £5 is the minimum stake needed to unlock the free bets at Sky Bet. To appear as a good customer and increase your chances of unlocking more offers you can bet £10 or more instead if you are able to.

STEP 3: Placing your bets

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

The matched betting rule is to always put your bookmaker bet through first. So place your bet at Sky Bet.

As soon as your Sky Bet bet has been placed and confirmed, you must now use your lay stake (as shown in your calculator) to place your against bet at Smarkets.

At Smarkets, just click the correct blue box lay odds, write the lay stake amount in your betslip, then click Place Bet and Confirm Bet.

STEP 4: Profiting from your Free Bets

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

Your 2 x £10 free bets will be credited shortly after your qualifying bet settles. Usually these free bets have a 30+ day expiry.


All we have to do now is repeat the same process we used to do our Qualifying Bet with our Free Bets – but with a few slight differences to ensure we make ourselves a certain profit.

i) Choose a team with higher odds to make a larger profit

We recommend doing each of the two £10 free bets separately on two different teams (from different games) if you can.

We need to find bets with higher odds in order to extract a larger profit from the free bets.

We have created a table for you below to see what amount of liability you will need in Smarkets to obtain certain profits from each £10 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.

ii) Open the Profit Bet Calculator

Enter your free bet stake, with your back odds from Sky Bet and lay odds from Smarkets.

The calculator will work out the lay stake amount you need to use at Smarkets to make your profit. Here’s an example of what your calculator will look like:



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 (silver numbers in £ under blue lay odds box) is greater than your stake amount

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

HOT TIP: It’s good practice to double check everything before placing your bets. 

As you know, you will make your profit using the free bets provided by Sky Bet, so don’t forget to select to use the Free Bet in your bet slip before placing your bet at Sky Bet.


Once the free bet is confirmed at Sky, then you can lay the bet off at Smarkets using the lay stake worked out by your Profit Bet Calculator.

Now all you have to do is repeat the process with your remaining £10 free bet. Don’t forget to find a different team to bet on from a different game from the one you’ve already done.


You have just secured some more matched betting profit with the Wild Dog Profits team!

There is much much more to come!

HOT TIP: Don’t forget to log your profit in our profit tracker here