£50 Risk Free

Smarkets are an alternative betting exchange to Betfair. Just like at Betfair, you can place your lay bets on Smarkets therefore making them a great site to have for Matched Betting. But why would you have a Smarkets account if you already have a Betfair account? Well, there are quite a few reasons which can you see by expanding the box. If you want to just jump straight in to the money then follow the guide below!

  1. Smarkets offer 2% commission as opposed to Betfair's 5% which can save you money over time
  2. Paddypower & Betfair are run by the same company, and so for next week's Paddypower offer, you will need to lay your bet on another exchange to Betfair so as to not flag yourself up
  3. Exchanges do sometimes go down for maintenance or other reasons. If Betfair goes down, you will need another exchange at the ready to place your lay bets
  4. The odds between exchanges can be different. Because of this, you may sometimes find cheaper prices on Smarkets therefore reducing your qualifying losses on the trigger bets
  5. Smarkets have a sign up offer! Despite being an exchange, they actually have a sign up offer where you can make around £30 profit risk free!

Sign Up Offer Explained (£50 Risk Free)

The Smarkets offer is different to the other sign ups you've completed. Instead of the normal Bet X Get Y, this offer is an offer whereby they will give you a refund on your first bet and so the strategy is different. Please follow the instructions carefully.

When you sign up to Smarkets they will ask you to pick a Premier League team. Once you've chosen your team, they will give you a £10 risk free bet for each of their next 5 Premier league matches. So if you chose Chelsea for example, you would have £10 risk free for their next 5 games that are in the Premier League (important: it's Premier League games, so ignore any cup or non-league fixtures they have coming up!).

The £10 Risk Free bets must be placed with your own money, and, if they lose then you will get a refund as cash.

For the purpose of this offer, we will be placing back bets on the Smarkets exchange.

  • Deposit Method: Bank Card (Deposit £10)
  • Trigger Bets: £10 per game (£50 in total)
  • Minimum Odds: None
  • Profit: £30 to £40
  • Full terms: Click here (bottom of page)

Sign Up To Smarkets 

Sign up to Smarkets (Smarkets review) and deposit £10 to receive the £50 Risk free offer using the links below:

Sign up to Smarkets

INSTRUCTIONS

Step 1: Sign Up To Smarkets & Choose Your Team

Sign up to Smarkets and pick a Premier League team from the bottom half of the table. Do not pick a team from the top half. The reason for this is what we want high odds to maximise the profit - and teams at the top are likely to be favourites for all of their matches. For this reason, pick a team in the bottom half. You can find an updated version of the Premier League table here.

Step 2: Deposit £10

Once you've chosen your team and signed up, deposit £10 into your Smarkets account.

Step 3: Find your chosen team's next Premier League Match & Check you haven't bet on it

Find out when your chosen team is playing next in the Premier League. You can find a list of fixtures here. You will have £10 risk free on their next 5 Premier League matches so be sure to keep on top of when they are. Make sure you have no bets placed on the match at all - if you do then unfortunately you will have to skip this game as the £10 refund is on total losses, and any other lay bets you have placed will intefer with this. Please note: It must be Premier League matches. Ignore any cup matches they have coming up as they don't count.

Step 4: Back £10 On Smarkets

Once you've found the game and made sure that no more bets are on it, back £10 on your team to win the match. This should be the only bet you have on the match. Do not place anymore bets after on this match as you will invalidate the offer and potentially lose money.

Step 5: Calculate the lay stake

THIS PART IS IMPORTANT: Make sure you change the calculator mode to Free Bet SNR. You are not placing a trigger bet here, you are effectively placing a free bet. If the bet loses then you will get your £10 back as cash and so aren't down any money - because of this, it can be treated exactly as a free bet would be.

So make sure you've changed the mode to Free Bet SNR. Fill out the calculator with the back odds on Smarkets, and the lay odds from another exchange. Put the back commission as 2%, and the lay commission as whatever your exchange is.

Step 6: Lay your bet

Lay the amount given on the calculator. It will likely be anything from £7 to £9. If you haven't got the liability to lay your bet then it's fine, you should still do this offer and not lay. We wouldn't normally advise punting a bet, however this is completely risk free and so it's definitely worth at least doing that if you haven't the liability to lay it.

Once you are done with this you will have made around £8 guaranteed profit. The calculator has adjusted your lay stake so that no matter what, you will be in profit just as you would with a free bet. If the bet wins, you make more than you lose on the exchange. And if the bet loses, you make an instant profit on the exchange but don't lose your £10 (as it's refunded as cash!).

Step 7: Repeat for the next 4 Premier League fixtures

You need to repeat the steps for their next 4 Premier League matches. So find the next fixture and do a £10 bet again. Then once that's finished, you have 3 more games you can do it on.

  • Choose a team at the bottom of the table

  • Deposit £10 into Smarkets

  • Bet £10 on your team to win their next Premier League match & lay at Betfair or Matchbook

  • Get a £10 cash refund on Smarkets if your team does not win for an overall profit

  • All markets on the match apply however it's net losses. For this reason we've simplified the guide and told you to only back the team to win. Do not place any other back or lay bets on the match

  • It must be Premier League matches too - so if your team is playing a European or Cup match then it's not eligible, it's their next 5 Premier League games

  • No Liability? No problem! We always recommend you lay your bets however we understand that some people may not have the liability to lay a team at high odds. That is perfectly fine, you can just punt your bet if this is the case. Your refund is back as cash and so there's absolutely no risk in doing so

Using Smarkets

Signed up to Smarkets? Great! If you're unsure about using Smarkets, check out Team Profit Tom's video for tips on using Smarkets:

Congratulations - Up to £40 Profit Risk Free!

Easy money!

Mark the offer as complete and lets get cracking with the next offer.