NetBet

  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
  7. 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 Netbet (bookmaker)

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

    netbet-free-bet

    Once your Netbet account is open go to the cashier and enter the bonus code WELCOME50, now deposit £100.

    Check the T&C’s to make sure no mistakes are made.  For the Betsafe offer our £100 qualifying bet must be placed at odds of 1.6 or above and over/under bets and handicap bets cannot be used for this offer.

    Step 3 – Place qualifying ‘Back’ bet with Netbet

    Open both Betfair and Netbet 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 1.6 and cannot be from the above and over/under markets and handicap markets.

    If possible:  try to bet at high odds to increase the chance of winning at the Betfair exchange so that you don’t have to do the rollover. Make sure you have the funds to continue the rollover if the bet does win at NetBet though.

    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 £100
    • Enter the Netbet 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

    Netbet will credit your £50 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.

    Open both Betfair and Netbet 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.  Remember the back odds need to be equal to or above 1.6 and cannot be from the above and over/under markets and handicap markets.

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

    • Select “Normal” at the top as this is a Bonus bet not Free bet
    • The bookmaker stake is £50
    • Enter the Netbet back odds
    • Enter the exchange lay odds
    • Enter the lay commission (5% for Betfair)
    • Click on to calculate

    Step 6 – Rollover

    If both of your bets lost, you are now done with the offer. If either of them won, you need to complete the wagering requirements, which should be another £850 (£900 in total). You can place bets of any size to achieve this but you need to be using bets with a rating of at least 96% to maximise value from the offer. You would lay this bet off as “Normal” just like any other qualifying bet.

    Important: Do not place more than one bet on the same match or race.

    Move on to the next offer.