Paddy Power
Bet £5, Get £40 in Free Bets
£26profit
30mins to complete
Offer overviewDan · Your personal guide
Paddy Power is a bookmaker offering sports betting through its website and app, and in betting shops.
This welcome bonus typically returns around £26 in withdrawable cash when you matched bet it carefully. You put £5 into Paddy Power and place one qualifying bet, which usually costs a few pence once covered on the exchange. After that bet settles, Paddy Power credits one £40 sports free bet.
The money you put in isn't spent. It moves between your accounts to cover both sides of the qualifying bet and the free-bet route, and comes back when you finish.
It takes about 25 minutes of actual work, spread over a couple of days. The free-bet stake is not returned with winnings, so the headline £40 is not the same as cash. That is why Quidsy's cash estimate is lower than the headline free-bet amount.
Key terms
+£26
Qualifying bet£5 at odds 2.00+
Deposit methodDebit card, Pay by Bank, or Apple Pay
Qualification windowWithin 30 days of opening your account
Free bets creditedOn bet settlement
Free bets expire30 days
Step by Step Guide
Start here
Get Smarkets ready
- 1Create a free Smarkets account2 mins. Skip if you've already got one.
- 2Deposit £175Covers the lay bets for this offer. Debit card deposits are instant and free. Apple Pay isn't supported.
Ready for every matched betting offerYou never repeat this setup.
Sign up with Paddy Power
10 mins
- 1Click the button below to go to Paddy Power.
- 2Register an account and deposit £5 using a debit card, Pay by Bank, or Apple Pay. E-wallets like PayPal or Skrill won't qualify.
- 3Switch to decimal odds: go to Settings and change Odds Format to Decimal.
Place your £5 qualifying bet
5 mins
Your qualifying bet must settle by 23:59 GMT on 1 December 2026
This unlocks your £40 in free bets. 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.
Use your £40 free bet
10 mins
Use them within 30 days.
Your free bets will be credited once your qualifying bet settles.
Once the free bet credit is visible in your bookmaker account, use the finder below before placing anything.
Withdraw your funds
5 mins
- 1Once your free bet match has finished, check your Paddy Power account balance.
- 2Withdraw any remaining money in Paddy Power to your bank account.
- 3Check your Smarkets balance. Your qualifying-bet lay and free-bet lay should have settled there. Move any Paddy Power winnings into Smarkets too, a healthy exchange balance lets you tackle higher-value offers next, some worth £30 to £50+ each.
- 4Don’t close your Paddy Power account. Bookmakers sometimes send existing customers extra free bet offers.
4 steps to £26
Paddy Power's sportsbook is operated by PPB Counterparty Services Limited, licensed by the UK Gambling Commission (account 39439).
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.