+£25
30 mins
Betfair
Bet £10, Get £50 in Free Bets•30 mins
Bet £10, Get £50 in Free Bets
+£25What is Betfair?
Betfair launched in 2000 and is part of the Flutter Entertainment group (same parent as Paddy Power). They're fully regulated by the UK Gambling Commission.
Betfair has no betting shops; we're using their Sportsbook website.
Launched
2000
Google Play
4.2 (23k)
★★★★★★
Key Terms
Your numbers
You make+£25
You need upfront£30
£10 Betfair + £20 Smarkets
Not spent – it moves between your accounts and comes back when you finish
The rules
Qualifying bet£10 at odds 2.00+
Deposit methodDebit card, Apple Pay or Pay by Bank
Qualification window30 days from registration
Free bets creditedOn bet settlement
Free bets expire30 days
Step by Step Guide
Dan's overview
Optional·3 min read
Betfair's welcome bonus works out to around £25 in expected value. You put £10 into Betfair and place one qualifying bet (costs roughly 25p). The reward is 5 × £10 free bets for bet builders, accumulators or multiples only (no singles), so you pick the selections and wins become real money.
You need about £30 total across your accounts, but none of that money is spent. It just moves between your accounts to cover both sides of the qualifying bet.
It takes about 25 minutes of actual work, spread over a couple of days. Once Betfair's done, your exchange balance is ready for the next offer.
Start here
Get Smarkets ready
Every matched betting offer uses the Smarkets betting exchange to lock in your profit. Set it up once and you're ready for all of them.
- Create a free Smarkets account. Skip if you've already got one.
- Deposit £20 – that covers the lay bets for this offer
Debit card deposits are instant and free. Apple Pay isn't supported.
When you place a bet on Betfair, you also place an opposite bet on Smarkets to cancel it out. If Betfair's bet wins, Smarkets needs to pay the difference, and the £20 is there to cover that worst case.
You won't lose this money. It just needs to be in your Smarkets account while the bet settles. After the match, the unused balance is yours again.
1
Sign up with Betfair
10 mins
- Click the button below to go to Betfair.
- Register an account and deposit £10 using debit card, Apple Pay, or Pay by Bank. E-wallets like Skrill or Neteller won't qualify.
- The promo code ZSKAOL is applied automatically when you use the button below. You can't enter it manually.
- Switch to decimal odds: go to Settings and change Odds Format to Decimal.
2
Place your £10 qualifying bet
5 mins
Within 30 days of registering
This unlocks your free bet tokens. We'll match your bookmaker bet on the exchange so your qualifying loss stays small, usually 10-40p.
Use the finder below to get a low-loss match with the exact stakes for both bets.
3
Use your 5 × £10 bet builders
10 mins
Use within 30 days of your qualifying bet settling.
4
Withdraw your funds
5 mins
- Once all your free bet matches have finished, check your Betfair account balance.
- Withdraw any remaining money in Betfair to your bank account.
- Check your Smarkets balance. Move your Betfair profit into Smarkets too. A bigger exchange balance lets you tackle higher-value offers next, some worth £30-50+ each.
- Don't close your Betfair account. Bookmakers sometimes send existing customers extra free bet offers.
Offer Complete
Finished? Tick off each step above to view and track your total profit.
Betfair Sportsbook is operated by PPB Counterparty Services Limited and licensed by the UK Gambling Commission (account 39439). Betfair Exchange is operated by TSE Malta LP (account 39561).
18+. Gambling can be addictive. If you feel you may have a problem, visit BeGambleAware.org. Matched betting involves placing bets with real money. While the mathematical approach minimises risk, losses can occur if instructions are not followed exactly.