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Unibet Sign Up Offer Guide

  • £40 Bonus Refund
  • Make a profit of £16 to £22
  • Newbies need ~20 minutes

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.

Unibet Bet Offer Summary

IMPORTANT! Only bet on football and not horses for this offer.

  • Deposit Method: Debit Card
  • Qualifying (Trigger) Bet: £40
  • Bonus if Lose: £40 (7 day expiry, with x3 wagering requirements)
  • Minimum Odds: 1.40
  • Expected Profit: £16-£22
  • Full T&Cs: click here

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Need help? Don’t forget, if you need help at anytime you can:

Sign Up to UniBet

If you haven’t already, sign up to Smarkets first here

Next, follow the link to get to the correct offer from Unibet

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.

STEP 1: Finding your Qualifying Bet

i) Switch to decimal odds

You can switch to decimal odds using the drop down menu near the bottom of the main sportsbook page.

ii) Use the Oddsmonkey Oddsmatcher to find a bet quickly at odds of 4.0 or more

If you haven’t tried the Oddsmatcher yet you can try it here for just £1.

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.


iii) Select a bet and check the odds at Unibet and Smarkets

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). 

STEP 2: Calculate the Lay Bet Amount

Using the Oddsmonkey Risk Free Equal Profit Calculator

You will now need to enter:

  1. Your stake amount at the bookmaker (will be £40 for this offer)
  2. Your back odds at the bookmaker (ideally over 4.0)
  3. The blue box lay odds from Smarkets
  4. Your lay commission at Smarkets (usually 2%)
  5. The amount of the bonus you will be awarded if your Qualifying Bet loses (this will be £40 for this offer)
  6. Your expected percentage profit extraction from the bonus if you receive it (as this is a bonus rather than a free bet use an 85% extraction)

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.

STEP 3: Placing your bets

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.

STEP 4: If your Qualifying Bet...

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.

i) Use your Oddsmonkey Oddsmatcher to find a bet with odds of at least 1.40.

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.

The Potential Profit Method

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.