Smarkets FREE bets....

[MAX POWER]

Hiya Guys..
Just a little confused on the sign up offer, it says free 5 X £10 bets on your premier team yep, so I'm on bet 3 at the moment, but I did notice when placing the £10 bet today, it then came off my balance, had £93 then £83
I might have it all wrong, but if it's free why should it come of your balance.

As ever many thanks for your help..

Cheers Pete

 

[Kimilsung]

I'm on the same offer too.

 

[Jon]

It's honestly been so long since I did the smarkets signup offer I can't remember. You may be better off asking on the dedicated thread for that offer on Profit Accumulator.

 

[rninja]

Looking at the terms, this Smarkets welcome offer is for 5 x £10 risk-free bets on your selected team's next 5 matches after signing up.
So you would be looking to pick a market with high odds such as half-time/full-time, correct score or first goalscorer to use as Stake Not Returned (SNR).

@Destiny, the £10 came off your balance because you need to use your own cash to place each £10 risk-free bet. If the bet loses, Smarkets will refund your £10. If the bet wins, you've made some profit.

Here's some figures off the top of my head as an example:

Back £10 Cardiff to beat West Ham @ 6.00 on Smarkets (potential win £50.00)

Then, lay £7.50 on Cardiff at 6.20 on Betfair (liability £39.00).

Possible outcomes:
- If Cardiff win (+£50 at Smarkets, minus £39 at Betfair = £11.00 net profit)
- If Cardiff do not win (minus £10 at Smarkets, +£7.50 (minus 37p @ 5% commission) = + £2.13 + £10 refund at Smarkets = + £12.13 net profit.

 

[Kimilsung]

Looking at the terms, this Smarkets welcome offer is for 5 x £10 risk-free bets on your selected team's next 5 matches after signing up.
So you would be looking to pick a market with high odds such as half-time/full-time, correct score or first goalscorer to use as Stake Not Returned (SNR).

@Destiny, the £10 came off your balance because you need to use your own cash to place each £10 risk-free bet. If the bet loses, Smarkets will refund your £10. If the bet wins, you've made some profit.

Here's some figures off the top of my head as an example:

Back £10 Cardiff to beat West Ham @ 6.00 on Smarkets (potential win £50.00)

Then, lay £7.50 on Cardiff at 6.20 on Betfair (liability £39.00).

Possible outcomes:
- If Cardiff win (+£50 at Smarkets, minus £39 at Betfair = £11.00 net profit)
- If Cardiff do not win (minus £10 at Smarkets, +£7.50 (minus 37p @ 5% commission) = + £2.13 + £10 refund at Smarkets = + £12.13 net profit.

The one i did was like 2.05 odds cos i had like £30 in my bank so put £10 in smarkets and £10 in betfair. Betted on a match that happens this wednesday. I'll literally be making £2 profit.

 

[rninja]

The one i did was like 2.05 odds cos i had like £30 in my bank so put £10 in smarkets and £10 in betfair. Betted on a match that happens this wednesday. I'll literally be making £2 profit.

Fair play. I guess if you had limited funds, then you've gotta take what odds you can. Ideally you should be looking at around £7.50 per £10 refund from this offer.

Best of luck with it, let me know if you need any more pointers.

 

[Kimilsung]

Fair play. I guess if you had limited funds, then you've gotta take what odds you can. Ideally you should be looking at around £7.50 per £10 refund from this offer.

Best of luck with it, let me know if you need any more pointers.

If i staked £7.50 my liability would be £40... And for a 18 year old student who doesn't shot and can't find a job he wants.... They aint gonna happen..

 

[Jon]

If i staked £7.50 my liability would be £40... And for a 18 year old student who doesn't shot and can't find a job he wants.... They aint gonna happen..

If you’ve been matched betting long enough to move from betfair through to smarkets you should have made WAY more than £40 which you could use to make a decent amount from this offer

 

[rninja]

If i staked £7.50 my liability would be £40... And for a 18 year old student who doesn't shot and can't find a job he wants.... They aint gonna happen..

I remember being 18....it seems like a loooooong time ago now lol.

 

[Kimilsung]

If you’ve been matched betting long enough to move from betfair through to smarkets you should have made WAY more than £40 which you could use to make a decent amount from this offer

Im still on the starting 3. Betfair is my lay one and smarkets is my back one. Last payout was £35 from the betfair offer so i had £50 in total in my bank but i bought pizza which brought it back down to £35...

 

[Kimilsung]

I remember being 18....it seems like a loooooong time ago now lol.

I honestly miss school.. while my friends had girlfriends and partied, i studdied so hard but still came out with Ds in English and maths... Even in college no girl would go out with me because i was "wierd" or "childish." "You act like a kid" fuck do they know.