Betway – £100

£55+ 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 Betway (bookmaker)

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

betway-matched-betting-free-bet

Once your Betway account is open deposit £100 and Betway will credit your account with a £100 bonus instantly.

Important:  Make sure you opt-in to the offer by ticking the box I wish to receive the Sports Welcome Bonus offer and accept. The 100% Sports Welcome Bonus will be automatically credited to the account.

Check the T&C’s to make sure no mistakes are made.  For the Betway offer our qualifying bet must be placed at odds of 1.75 or above.

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

Step 3 – Place qualifying ‘Back’ bet with Betway

Open both Betfair and Betway 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, we ideally want to lose this bet to the exchange so we do not have to do the rollover so the higher the odds match the more likely you are to lose to Betfair 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.

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(s)
  • The bookmaker stake is £200 or you can do less and simply repeat
  • Enter the Betway 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

If you lose the bet with Betway you are done with this offer and have a nice profit.

Step 6 – Rollover

if your bet with Betway won then we need to wager through the amount of the bonus 3 x (£600).

Open both Betfair and Betway 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, again, go for high odds so you lose the bet to the Betfair exchange if at all possible.

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

  • Select Normal at the top
  • Enter the bookmaker stake
  • Enter the Betway back odds
  • Enter the exchange lay odds
  • Enter the lay commission (5% for Betfair)
  • Click on to calculate

If this bet loses with Betway you are done with this offer but if this bet wins with Betway then you need to repeat the above again until you have completed the wagering or until you lose to the Betfair exchange.

Important:  You have 60 days to complete the rollover.

You should expect to make around £55+ profit from this offer.

Move on to the next offer.