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Sky Bet are one of our all time favourite bookmakers for matched betting. Their welcome offer and on-going existing customer offers are among the best available – so we really recommend to follow our tips if you’d like to make profits long-term with them.
If you haven’t already the first thing you need to do is get a Smarkets Exchange account. Follow our button below to be taken to Smarkets. Register and deposit at least £20 to receive their £10 risk-free bonus offer.
General advice on registering and depositing at bookmakers:
#WDPHotTip on Depositing at a Bookie
At a bookmaker always try to deposit more than the minimum amount required. In matched betting we refer to this as ‘mug’ or ‘over’ depositing.
Although the minimum first deposit into Sky Bet is £5 we recommend to deposit at least £10-£15, or even more if you can.
Why do we recommend this?
Well, to Sky Bet you will immediately appear as a ‘good customer’ that is not just there for the welcome offer. In the long-term you will then be more likely to receive extra personal free bet offers from Sky Bet from which you can then make more guaranteed profits from through matched betting.
Now you’re ready to sign up to Sky Bet. Follow our button below as you will be taken to Sky Bet safely via a sports website and also get their special welcome offer for £30 in free bets. Deposit at least £5 but £10 or more if you can.
Access our video guides, matched betting calculators & more instantly. Everything on our site will always be 100% free to use.
Need help? Don’t forget, if you need help at anytime you can:
To turn the fractional odds displayed at Sky Bet into decimals:
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.
#WDPHotTip Remember, 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 to make sure your Qualifying Loss is as small as possible.
#WDPHotTip on Qualifying Bets
For welcome offer Qualifying Bets try to bet more than the minimum amount required.
For this 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 in the future we recommend to bet £10 or more instead if you can.
In the calculator you will now need to enter:
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. In our example it is £7.10. 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 lay stake amount (the liquidity is the number in £ that is under your lay odds in the blue box) . Ideally your liquidity should be at least double your lay stake amount.
In our example the liquidity is £207 which is easily at least twice our lay stake of £5, so we are good to go ahead.
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 Sell and Confirm Bet.
Your 3 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.
We recommend doing each of the three £10 free bets separately on three 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.
|BOOKMAKER ODDS||LIABILITY (Balance needed in Smarkets)||YOUR PROFIT PER £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.
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 (numbers in £ under odds in blue box) is greater than your stake amount
#WDPHotTip: 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 bets. Don’t forget to find a different game/team to bet on from a different game from the one you’ve already done.
You have just secured your first matched betting profits with the Wild Dog Profits team!
There is much much more to come!
(Remember as well, if some of your back bets in this offer won at Sky Bet, and you ‘lost’ at least £10 from Smarkets, Smarkets will have now refunded your £10 in cash back to you – so don’t forget to add that to your profits as well!)
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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Visit our Potential Bet Selections blog to find Qualifying and Free Bets available this week.