Paddy Power

£24 expected profit in just 5 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

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 Paddy Power (bookmaker)

Open account with Paddy Power   (opens in a new browser tab)

paddy-power-free-bet

Once your Paddy Power account is open deposit £10.

Check the T&C’s to make sure no mistakes are made.  For the Paddy Power welcome offer our £10 qualifying bet must be placed at odds of 1.50 (1/2) or above.

Step 3 – Place qualifying ‘Back’ bet with Paddy Power

Open both Betfair and Paddy Power 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 1.5.

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 Paddy Power 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

Paddy Power will credit your £30 free bet straight away.

Open both Betfair and Paddy Power 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 £30
  • Enter the Paddy Power back odds
  • Enter the exchange lay odds
  • Enter the lay commission (5% for Betfair)
  • Click on to calculate

You should expect to make at least £24 profit from this offer.

Move on to the next offer.

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