Beginners First Sports Betting Bonuses
IMPORTANT NOTE: Information below is outdated due to recent changes in bonuses discussed on this page. This page will be updated soon!
Here are step-by-step instructions for a beginner to matched betting sportsbook bonuses.
The best way to play this bonus is to use matched betting (if you are not able to bet profitably in a long run yourself for sure). For matched betting you have to sign up to a betting exchange site, best available is Betfair.
The idea now is to find a good betting target. Let me give you a lay betting example. We make a back bet of 100€ at sportingbet with odds 2.0 or bigger. We also lay the same bet at Betfair.
Here’s an example:
Sportingbet offers odds of 2.0 for Bremen to win. We check the lay odds from Betfair and if they are close to each other we make the bet. We bet 100€ on Bremen to win:
Then we lay the same bet at Betfair. The odds are 2.16. Back and lay odds in this example are not very close but you get the idea.
Now that we have a target event and result, here are next steps:
- Use the matched betting calculator to calculate the lay stake. Your back stake is 100€, stake retention is 0 and lay commission is 5%. This way we get 95€ for lay stake.
- Make sure that there are enough offered bets (= that the amount below the odds number in Betfair is bigger than your lay stake). In this case it’s £8152 so plenty more than enough.
- Then make the bets. You should make the bigger bet first.
You have to wager your 100€ bonus 10xB wager times with same kind of back and lay bets. After that you will see that by making these bets you have lost roughly 1-30€, but gained 25€ because of the bonus. So you have made an easy risk free profit.
2. Boyle Sports
Boyle Sports offers a very nice £200 worth of free bets. First £50 free bet you get when you make a £50 bet with any odds (there isn’t any restrictions in T&C). Following 3x£50 free bets you will receive each after making a 5x£10 bets. These free bets are SNR type (original stake not returned), so they are worse than the ones at sportingbet above.
First you need to open an account and deposit. You have to deposit at least £50. Do not use neteller or moneybookers. If you have ever deposited money to boylesports or boylecasino with neteller or moneybookers you are not eligible for this bonus offer.
Now start looking for a good betting event using for example Betfair as a counter bookmaker. This works the same way as above with sportingbet. When you have found your event, bet £50 on boylesports and lay (or back all the other results) the same result at Betfair (or other bookmarker if you are backing all the results). Use the matched betting calculator to calculate the lay stake. You don’t have to care about this being a SNR type yet. Just leave the stake retention part to 0.
When your bets are settled, you should receive a £50 free bet. Now in order to profit from this SNR free bet you need a smaller lay stake than normally. Just do the same thing as before. Find an event with good matching odds and calculate the lay stake. This time though you need to fill the stake retention field with number 50. This is because if you win you free bet you only get the winning part of your bet back. Your original £50 bet stake is not returned. This is why SNR free bets are worse.
After completing the free bet you need to make 5x£50 bets with same strategy as before. Remember that these are qualifying bets so let the stake retention field be 0. Only when you use the free bet given to you, then fill that field with your bet size.
You can repeat the 5x£50 betting three times and after each time you get a £50 free bet.
Your Next Sports Betting Bonus
Now you know how to complete the WR in sportbook bonuses and how to calculate lay stakes with SR or SNR free bets. Now you should just choose the next sportbook from the best sports betting bonuses list. Happy bonus hunting!