Betsafe

£14 expected profit in just 6 easy steps.

  1. Open betting exchange account (if not completed yet)
  2. Open bookmaker account
  3. Place qualifying bet with bookmaker
  4. Place lay bet with betting exchange
  5. Convert free bet to profit
  6. Complete rollover if required

Step 1 – Sign up to Betfair (betting exchange)

The first thing you need is a betting exchange account so you can place ‘Lay’ bets to cover your ‘Back’ bets.  The biggest betting exchange out there is Betfair (owned by the bookmaker PaddyPower), click here to open an account with Betfair.  (opens in a new browser tab)

Open Account with Betfair  (opens in a new browser tab)

betfair-exchange

Step 2 – Sign up to Betsafe (bookmaker)

Open account with Betsafe  (opens in a new browser tab)

betsafe-bonus-bet-offer

Once your Betsafe account is open deposit £10.

Check the T&C’s to make sure no mistakes are made.  For the Betsafe offer our £10 qualifying bet must be placed at odds of 1.8 or above.

Decimal Odds – You can set the odds to decimal format in account settings.

Step 3 – Place qualifying ‘Back’ bet with Betsafe

Open both Betfair and Betsafe websites in your web browser so you can quickly find a good match or use a free tool like Odds Search (free signup) to find a match, remember the back odds need to be equal to or above 1.8.

Step 4 – Place ‘Lay’ bet with Betfair

Use the Odds Search Calculator or Tricky Bets Calculator to work out your bets.

  • Select “Normal” at the top as it is your qualifying bet
  • The bookmaker stake is £10
  • Enter the Betsafe back odds
  • Enter the exchange lay odds
  • Enter the lay commission (5% for Betfair)
  • Click on to calculate

The lay stake and the liability will be shown, remember the “liability” is the amount you need to deposit into the exchange to cover your bet.

Step 5 – Convert free bet to profit

Betsafe will credit your £20 free bet within 24 hours of your bet being settled which means you need to wait for the match to take place and bets to settle before you will receive your free bet but It must be used within 7 days.

Open both Betfair and Betsafe websites in your web browser so you can quickly find a good match or use a free tool like Odds Search (free signup) to find a match, this time the higher the odds match the more profit you make but the more cash you need in Betfair to cover the bet (you get this back either way), go for above 4.0 if possible.

Use the Odds Search Calculator or Tricky Bets Calculator to work out your bets.

  • Select FREE BET SNR (SNR = stake not returned) at the top as it is your free bet
  • The bookmaker stake is £20
  • Enter the Betsafe back odds
  • Enter the exchange lay odds
  • Enter the lay commission (5% for Betfair)
  • Click on to calculate

Step 6 – Rollover

If your free bet lost with Betsafe then you are done with this offer, however, if your free bet won with Betsafe you need to place an extra bet to “roll over” your winnings once. This means if your free bet won £40 with Betsafe for example, you would need to place an extra £40 bet with Betsafe at odds of 1.5 or above. You would lay this bet off as “Normal” just like any other qualifying bet.

You should expect to make around £14 profit from this offer.

Move on to the next offer.