PS. Please use the Smarkets link - find out why here.
Note depositing by Mastercard or credit card can incur a 2.5% deposit fee however not all types of card do. So if you can, deposit via Visa debit card or bank transfer (though this takes up to 5 days). Whilst Skrill and Neteller deposits do not incur a fee, you will not be eligible for the refund bonus.
£50 Risk Free Explained
Step 1: Sign Up & Choose Your Team
Sign up to Smarkets and pick a Premier League team. It's best to choose one of the worse teams in the league (league table here) as these teams are more likely to lose.
Step 2: Back £10 On Smarkets
Place a £10 bet on your desired team's next PremierLeague match.
Step 3: Lay On Betfair
Lay on Betfair using the Normal calculator, this will give you a lay stake of around £9.70.
Step 4: Hope Your Team Does Not Win For £9+ Profit!
You will have lost around 30p from backing and laying your team.
If your team do not win, then you do not lose anything on Smarkets as they refund your £10 bet. However, you win your £9.70(ish) lay stake on Betfair for a £9.70 overall profit.
If your team does win, then unfortunately you have won on Smarkets and lost on Betfair, for a net loss of 30p or so.
Note you can guarantee a profit regardless of whether your team wins or loses, if this is of interest please see the guide on the Guaranteed Profit Method.
* All markets on the match apply, however it's net losses and so if you have any lay bets or other bets that win then you may not receive the £10 refund.
* 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.
If you want to do the guaranteed profit method then you can do so by checking out the guide here.
You will need an Oddsmonkey account to do this as you have to use their calculator. Remember - if you're doing this method then the £10 bet can be the only bet you have on Smarkets on that game, including lay bets.