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!).
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. The reason for this is that we want high odds to maximise the profit, just like a free bet. 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, and you will have £10 risk free on their next 5 Premier League matches. 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 interfere 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
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
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.
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.
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.