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#1 Betfair & Smarkets

Betting exchanges are essential when matched betting.

To get you up-and-running I recommend that you first open accounts at Betfair and Smarkets.

Betfair operates an Exchange and a fixed odds Sportsbook. Once you've opened an account at one you will have immediate access to both. However, you can only claim a new customer bonus at the Exchange OR the Sportsbook...not both!

The new customer bonus at the Sportsbook is currently far more generous than the Exchange so I recommend going for that.

Betfair Sportsbook New Customer Offer: Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.50). Exchange bets excluded. T&C's apply.

Smarkets New Customer Offer: Open a new account. Deposit at least £20. Risk at least £10 on your first bet. Your first losing bet, at any time in the first three months, bet will then refunded to a maximum value of £10. So, you can potentially win your first 20 bets and then lose £10 on the 21st bet and you will still be refunded £10...providing this happens within three months of you opening your account.

So, in my opinion, the best way to take advantage of these offers at the same time is to place lots of £10 fixed odds bets at Betfair Sportsbook and lay them off every time at Smarkets. Every five £10 bets at Betfair Sportsbook will earn you a £20 free bet. Plus, the first time a bet loses at Smarkets they will give you a £10 free bet.

Let me take you through some examples to help make this clearer.


STEP ONE

Click here to open a new Betfair Sportsbook account and deposit £50 (this will cover your first five £10 bets ).

Click here to open a new Smarkets account and deposit £150.


STEP TWO

I use OddsTrawler to find five bets that I will back for £10 at Betfair Sportsbook at odds of 1.50 or greater and lay at Smarkets.

The quickest way to do this is use the filter to only show bets with odds of 1.50 or greater with Betfair Sportsbook as the bookmaker and Smarkets as the Exchange. I also like to set the liquidity at £50 to ensure that markets are active and established.

#1 Betfair & Smarkets

The first bet I found was WTA tennis.

NOTE: I need to select the 'NORMAL' option in the calculator for all my 'qualifying' bets.

#1 Betfair & Smarkets

Timea Bacsinszky v Elena Rybakina
Tennis - WTA - St Petersburg - Match Winner
30/01/18 @ 07:00 GMT

Back £10 on Timea Bacsinszky with Betfair Sportsbook at odds of 1.66.

Lay £10.25 on Timea Bacsinszky with Smarkets at odds of 1.64. I need £6.56 in my Smarkets account to cover this bet.

This gives me a profit of 4p or 5p (assuming a 2% commission rate).

Below are screenshots that prove the odds were available.

Betfair Sportsbook

New customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.50). Exchange bets excluded. 18+. T&C's apply.

Smarkets

#1 Betfair & Smarkets

The second bet I found was an international football friendly.

#1 Betfair & Smarkets

Azerbaijan v Moldova
Football - Friendly - Match Odds
30/01/18 @ 16:00 GMT

Back £10 on Draw with Betfair Sportsbook at odds of 3.40.

Lay £10.69 on Draw with Smarkets at odds of 3.20. I need £23.52 in my Smarkets account to cover this bet.

This gives me a profit of 48p (assuming a 2% commission rate).

Below are screenshots that prove the odds were available.

Betfair Sportsbook

New customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.50). Exchange bets excluded. 18+. T&C's apply.

Smarkets

#1 Betfair & Smarkets

Third up was an Australian A League match.

#1 Betfair & Smarkets

Central Coast v Western Sydney
Football - Australia - A League - Match Odds
04/02/18 @ 06:00 GMT

Back £10 on Draw with Betfair Sportsbook at odds of 3.75.

Lay £10.33 on Draw with Smarkets at odds of 3.65. I need £27.37 in my Smarkets account to cover this bet.

This gives me a profit of 12p or 13p (assuming a 2% commission rate).

Below are screenshots that prove the odds were available.

Betfair Sportsbook

New customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.50). Exchange bets excluded. 18+. T&C's apply.

Smarkets

#1 Betfair & Smarkets

The fourth bet I decided to go for was another Australian A League match.

#1 Betfair & Smarkets

Brisbane v Melbourne City
Football - Australia - A League - Match Odds
04/02/18 @ 08:00 GMT

Back £10 on Draw with Betfair Sportsbook at odds of 3.80.

Lay £10.33 on Draw with Smarkets at odds of 3.70. I need £27.89 in my Smarkets account to cover this bet.

This gives me a profit of 11p or 12p (assuming a 2% commission rate).

Below are screenshots that prove the odds were available.

Betfair Sportsbook

New customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.50). Exchange bets excluded. 18+. T&C's apply.

Smarkets

#1 Betfair & Smarkets

The fifth bet for this step came from Italy.

#1 Betfair & Smarkets

Cagliari v SPAL
Football - Italy - Serie A - Total Goals (Over/Under)
04/02/18 @ 14:00 GMT

Back £10 on Over 2.5 with Betfair Sportsbook at odds of 2.10.

Lay £10.29 on Over 2.5 with Smarkets at odds of 2.06. I need £10.91 in my Smarkets account to cover this bet.

This gives me a profit of 8p or 9p (assuming a 2% commission rate).

Below are screenshots that prove the odds were available.

Betfair Sportsbook

New customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.50). Exchange bets excluded. 18+. T&C's apply.

Smarkets

#1 Betfair & Smarkets

I have now placed five £10 bets at Betfair Sportsbook and they will now credit my account with a £20 free with 24 hours of all five bets being settled.

I made a very small profit from each of my five qualifying bets. However, this is not essential. If you have to take a small loss on a couple of your qualifying bets that is absolutely fine because the profit you will make from the £20 free bet will more than cover your initial losses.

Although...it is obviously best to try and make a profit from EVERY bet if you can! :)


STEP TWO

Betfair Sportsbook have now credited my account with a £20 free bet...and it's time to turn it into profit!

To make the biggest profit possible I recommend using back odds of at least 4.00. So I set the filter to only show bets with odds of 4.00 or greater with Betfair Sportsbook as the bookmaker and Smarkets as the Exchange. I also like to set the liquidity at £50 to ensure that markets are active and established.

#1 Betfair & Smarkets

The best option thrown up at the time was Monday Night Football from the Premier League.

NOTE: I need to select the 'FREE BET (SNR)' option in the calculator when using this free bet.

#1 Betfair & Smarkets

Watford v Chelsea
Football - England - Premier League - Match Odds
05/02/18 @ 20:00 GMT

Back £20 on Draw with Betfair Sportsbook at odds of 4.10.

Lay £14.83 on Draw with Smarkets at odds of 4.20. I need £47.46 in my Smarkets account to cover this bet.

This gives me a profit of £14.53 or £14.54 (assuming a 2% commission rate).

Below are screenshots that prove the odds were available.

Betfair Sportsbook

New customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.50). Exchange bets excluded. 18+. T&C's apply.

Smarkets

#1 Betfair & Smarkets

That is now six bets in total (five qualifying bets and one free bet) and so far I've made a total profit of around £15.


STEP THREE

You can now repeat steps one and two another four times and claim a total of £100 in free bets from Betfair Sportsbook.

I appreciate that this is a lot of bets and a bit of effort...but it's definitely worth it. You should be able to turn this offer into a profit of around £75 relatively easily.


If any of the above is unclear please don't hesitate to email for further assistance.

Time to move onto #2 Coral and take advantage of their £20 free bet offer!


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