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This is a ‘Bonus’ If Lose Offer
If you haven’t already we recommend reading our guide here before doing this type offer.
This guide is based on the Guaranteed Profit Method using the Oddsmonkey Risk Equal Profit Calculator (which you can access here for just £1).
The Potential Profit Method is briefly outlined at the end of this guide.
Unibet are another bookmaker who have a huge online presence. Adding to their ever growing popularity, they merged with Stan James at the beginning of 2018. Please note, if you already had an account with Stan James, you will not be eligible for this Unibet sign up offer.
Important to know:
The Qualifying Bet must not be done on horse racing.
The £40 ‘free bet if lose’ is actually issued as a ‘bonus’ that has 3 x wagering requirements (so £120) within 7 days of registering. Bonuses are slightly different to free bets. We explain in the guide how to complete this bonus and wagering requirements easily, but we recommend do have a decent balance available in Smarkets before proceeding with this offer.
Unibet also provide a £10 casino bonus, which we also explain how to use at the bottom of the main guide.
IMPORTANT! Only bet on football and not horses for this offer.
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You will need to deposit at least £40 to be eligible for the refund if your first bet loses. Also, if the first bet loses, you will be awarded with a £40 bonus which is more profitable than a free bet as we tend to be able to extract more profit (usually 85%) from it.
You can switch to decimal odds using the drop down menu near the bottom of the main sportsbook page.
IMPORTANT! Do not bet on horses. For the Qualifying Bet portion of ‘Free Bet if Lose Offers’ we can make more profit the higher odds that we use. How high you can go though will depend on your available balance in Smarkets. We recommend using odds of at least 6.0 if you can.
The table below outlines the estimated liability you will require for the Qualifying Bet portion of this offer and the estimated profit you will make.
Remember on Smarkets: #BLUE BOXES.
Choose a bet from the Oddsmatcher then check the odds are as expected at Unibet and Smarkets. (If not hit ‘Refresh’ on the Oddsmatcher to update the list of available bets).
You will now need to enter:
The calculator then works out your ideal 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 under blue lay box) is larger than your lay stake amount.
Place your £40 bet at UniBet first and check it’s confirmed.
Place your lay bet at Smarkets using the ideal lay stake from the Risk Free Equal Profit Calculator.
WINS at UniBet
You will automatically be in profit and have completed this Free Bet if Lose offer. Well done!
HOT TIP: Unibet are great for reload offers, we recommend to do a fake mug bet or two if you can after completing the welcome offer. Use the Oddsmonkey Oddsmatcher to find good fake mug bets to do at odds over 3.0 if you can to appear as a ‘good customer’.
LOSES at UniBet
You will be slightly down by a small qualifying loss, but the bet losing at UniBet will trigger them to give you a £40 bonus (with a 7 day expiry from date of registration). The bonus is usually credited within 24 hours of your Qualifying bet settling and has a 3 x wagering requirement (£120). The bonus must be wagered at odds of 1.40 or higher.
As Unibet give the money back as a £40 bonus (rather than as a free bet) we will be using the Qualifying Bet Calculator in order to make our profit and complete the wagering requirements for this offer.
Remember you only have 7 days to complete the wagering requirements. If you don’t complete it you will lose the bonus and subsequent winnings.
We’d recommend to search for odds between 2.0 and 3.0 if you can, and with close matches of less than 5% between the odds on Unibet and the lay odds at Smarkets.
ii) Open the Qualifying Bet Calculator
Once you’ve found a bet to do enter your £40 bonus stake, with your back odds from Unibet and lay odds from Smarkets
Remember to do your important checks (Smarkets balance > liability; Smarkets liquidity > lay stake) before placing this bet with your £40 bonus.
iii) After completing this first bonus bet
If this first bet with the £40 bonus loses at Unibet, you have completed the wagering and your winnings (and overall profit from the offer) will be in Smarkets.
If it wins at Unibet, you will have to do a second £40 bonus bet using the Qualifying Bet calculator again – as you just did. (This second bet will equate to £80 of wagering).
Continue on like this until you have either wagered the full £120, or you have lost the Unibet bonus into Smarkets – whichever is sooner.
We recommend to follow one of the basic Bet & Get Offer guides, such as the Coral offer guide. You will only end in profit though if the Qualifying Bet loses and you unlock the bonus. Otherwise you will be down a small qualifying loss.
As you do the offer though remember the minimum odds for the Qualifying Bet and subsequent bonus wagering bets are 1.40. You should try do the Qualifying Bet at higher odds though to increase the chances of it losing at Unibet, and the bonus being unlocked.
Congratulations on completing yet another offer, that would have made you another £25+ profit!
If you would like to use the £10 casino bonus then we would recommend that if you have any winnings left at Unibet, to withdraw them first so your account balance reads zero. This will enable you to use the casino bonus risk free. The casino bonus needs to be wagered x35 (so £350 of wagering) and also has a 7 day expiry. We have a casino guide here for those of you who are new to the casino.
Make sure you tick this offer off in your check list, and lets head straight over to the next offer.
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