Stan James

£15 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 Stan James (bookmaker)

Open account with Stan James   (opens in a new browser tab)

stan-james-welcome-offer

Once your Stan James account is open deposit £10.

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

Decimal Odds – You may need to change the odds to decimal from Fractions, you can do this in the account settings.

Step 3 – Place qualifying ‘Back’ bet with Stan James

Open both Betfair and Stan James 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 Stan James 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

Stan James will credit your £20 free bet within 24 hours of your bet being settled.

Open both Betfair and Stan James 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 Stan James back odds
  • Enter the exchange lay odds
  • Enter the lay commission (5% for Betfair)
  • Click on to calculate

You should expect to make around £15 profit from this offer.

Move on to the next offer.

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