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
Smarkets are offering £50 risk free in bets when you open an account with them and pick a Premier League team. You simply place a £10 bet on your desired team's match and if it loses, you'll get £10 back! 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.
The reason you only place £10 is because you can do this on the next five games your selected team are playing giving you £50 risk free.
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.