+£22
25 mins
Paddy Power
Bet £5, Get £30 in Free Bets•25 mins
Bet £5, Get £30 in Free Bets
+£22What is Paddy Power?
Paddy Power has been around since 1988, starting life in Dublin. They're part of Flutter Entertainment (the same group behind Betfair and FanDuel) and fully regulated by the UK Gambling Commission.
They have hundreds of betting shops across the UK and Ireland, but we're using the online version.
Launched
1988
Google Play
4.4 (42k)
★★★★★★
Key Terms
Profit
+£22
Deposit£5 Paddy Power + £100 Smarkets
Qualifying bet£5 at odds 2.00+
Deposit methodDebit card, Pay by Bank, or Apple Pay
Free bet expiry30 days
Free bet creditedOn bet settlement
Qualification windowWithin 30 days of opening your account
Step by Step Guide
Dan's overview
Optional·3 min read
Paddy Power's welcome bonus earns you around £22 in locked-in profit (and possibly more). You put £5 into Paddy Power and place one qualifying bet (costs roughly 25p). They give you a £30 free bet which converts to about £22 in real cash.
You need about £105 total across your accounts, but none of that money is spent. It just moves between your accounts to cover both sides of the bet.
It takes about 25 minutes of actual work, spread over a couple of days. Once Paddy Power's done, your exchange balance is ready for the next offer.
When you place a bet on Paddy Power, you also place an opposite bet on Smarkets to cancel it out. If Paddy Power's bet wins, Smarkets needs to pay the difference, and the £100.00 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 Paddy Power
10 mins
- Click the button below to go to Paddy Power.
- Register an account and deposit £5 using a debit card, Pay by Bank, or Apple Pay. E-wallets like PayPal or Skrill won't qualify.
- Switch to decimal odds: go to Settings and change Odds Format to Decimal.
2
Place your £5 qualifying bet
5 mins
Place your qualifying bet within 30 days of opening your account
Your qualifying bet earns you the free bet. By matching it on the exchange, you keep the loss tiny, typically 10–30p. In return, you get £30 worth of free bets to turn into real cash.
Don’t worry about finding the right match yourself. Tap ‘Find my qualifying bet’ below and we’ll scan upcoming fixtures, do the maths, and give you exact stakes and direct links to place both bets.
Find Your Qualifying Bet- We find odds that qualify, so you don't have to search
- Keeps your qualifying loss as small as possible
- You get exact stakes and direct links to place both bets
3
Turn your £30 free bet into cash
5 mins
Your free bets will be credited once your qualifying bet settles. Use within 30 days.
Turn Free Bets Into Cash- We find a live match that keeps as much of your free bet value as possible
- Won't exceed your Smarkets balance
- You get the exact stakes to place on both sides
4
Withdraw your funds
5 mins
- Once your free bet match has finished, check your Paddy Power account balance.
- Withdraw any remaining money in Paddy Power to your bank account.
- Check your Smarkets balance. Move your Paddy Power profit into Smarkets too. A bigger exchange balance lets you tackle higher-value offers next, some worth £30–50+ each.
- Don’t close your Paddy Power account. Bookmakers sometimes send existing customers extra free bet offers.
Offer Complete
Done? Tick off each step above to see your total.
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.
