+£20
25 mins
Sky Bet
Deposit £5, Bet 5p, Get £30 in Free Bets•25 mins
Deposit £5, Bet 5p, Get £30 in Free Bets
+£20What is Sky Bet?
Sky Bet has been around since 2000, making it one of the UK’s longest-running online bookmakers. They’re part of Flutter Entertainment (the same group behind Paddy Power and Betfair) and fully regulated by the UK Gambling Commission.
Most people know the Sky name from TV and broadband. Their betting platform is separate but benefits from the same brand trust. We’re using the website or app for this offer.
Launched
2000
Google Play
4.6 (45k)
★★★★★★
Key Terms
Your numbers
You make+£20
You need upfront£140
£5 Sky Bet + £135 Smarkets
Not spent – it moves between your accounts and comes back when you finish
The rules
Qualifying bet£5 at odds 2.0+
Deposit methodDebit card only
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
Sky Bet’s welcome bonus earns you around £20 in locked-in profit. You put £5 into Sky Bet and place one qualifying bet (costs roughly 25p). They give you 3 × £10 free bets to turn into real cash.
You need about £155 total across your Sky Bet and Smarkets 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 while you wait for bets to settle. Once Sky Bet’s done, your exchange balance is ready for the next offer.
You'll use your existing Smarkets account for this one. If you haven't set one up yet, do that first with the Coral 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.
- 1.Create a free Smarkets account
- 2.Deposit £135 – that covers the lay bets for this offer
When you place a bet on Sky Bet, you also place an opposite bet on Smarkets to cancel it out. If Sky Bet's bet wins, Smarkets needs to pay the difference, and the £135 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 Sky Bet
10 mins
- Click the button below to go to Sky Bet.
- Register an account and deposit £5 using a debit card. Neteller and Skrill deposits won't qualify.
- Switch to decimal odds: go to Settings and change Odds Format to Decimal.
2
Place your £5 qualifying bet
5 mins
Within 30 days of registering
This unlocks your £30 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.
3
Turn your 3 × £10 free bets into cash
5 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.
4
Withdraw your funds
5 mins
- Once all your free bet matches have finished, check your Sky Bet account balance.
- Withdraw any remaining money in Sky Bet to your bank account.
- Check your Smarkets balance. Move your Sky Bet profit into Smarkets too. A bigger exchange balance lets you tackle higher-value offers next, some worth £30–50+ each.
- Don't close your Sky Bet 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.
Sky Bet sportsbook is licensed and regulated by the Gambling Commission of Great Britain under account 67370 for UK and Isle of Man customers. 18+ only.
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.