Welcome to the Smarkets sign up offer.
Please note that this offer is currently suspended as the football season is about to finish. We will update this page once their new offer is revealed. In the meantime you might want to sign up with Smarkets anyway as they offer a lower commission rate than Betfair at 2%.
Smarkets is an exchange much like Betfair. If you are comfortable with their site you can choose to use them for your exchange instead of Betfair. Smarkets have a lower commission charge of 2% compared to Betfair’s 5% so there are commission savings to be had. We always recommend you start out with Betfair as their site is easier and clearer to navigate.
As well as being a cheaper exchange they have a sign-up offer which we can use to make a profit.
This offer will allow us to make up to £35 in profit.
Quick Summary
The first thing we need to do is sign up to Betfair and Smarkets
We need a Betfair account to complete all the offers so sign up now if you don’t have an account. If you already have a Betfair account you can skip this step and proceed to Smarkets to create your account.
Offer Guide
You are now ready to start the Smarkets sign up offer. Expand each step below to view the required steps.
- Proceed to Smarkets using the button above and sign up to the site.
- Once we have opened our Smarkets account we need to deposit £10 into the account.
- When we sign up we will need to pick a Premier League team. This will be the team we have to bet on for each of our risk free bets.
- As this is a risk free bet we only get a free bet if our first bet loses. So to lock in a profit no matter what happens we need to place our first bet in Free Bet (SNR) mode on the calculator. Even though we are placing the bet with our own money.
- If our bet wins we will have made an instant profit. If it loses we will be down around £2 but will have a £10 free bet to come.
- Use the OddsMatcher below to find a suitable bet at odds of 5.0 or more. We need to use above 2.0 for this offer but using above 5 will allow us to lock in more profit.
- Once you have picked your bet head over to Smarkets and add the bet to your betting slip, set your stake as £10 and place your bet. Click the blue box on Smarkets to place a back bet.
Now that we have placed our £10 back bet at Smarkets we need to lay the bet at Betfair. We need to use the matched betting calculator to calculate our lay stake. Remember we are using Free Bet (SNR) mode straight away this time.
- Enter your back bet stake and odds into the calculator and then enter the current lay odds. This will show you what you need to lay. The calculator will also show you your liability, this is how much money you need in your Betfair account in order to place the bet.
- At this point the calculator will show a profit. If our bet wins then this is our profit. However, if it loses we will have made a small loss but get the free bet to make a profit with.
- Press the pink box on the market at Betfair and then enter your stake and place your bet.
- After we have placed our bet we need to wait and see what happens.
- If our bet wins we have made our profit and are done with this offer. Our bet winnings will be around £7 more than our exchange loss so we can withdraw our money and move on to the next offer.
- If our bet loses we will get a free bet from Smarkets. We need to repeat the above process with that free bet. Place a back bet at odds above 5.0 and lay in Free Bet (SNR) mode.
- After this bet has settled we can wait for the next match involving our chosen team and repeat the process for the next 4 matches.
Congratulations! You have just completed the Smarkets offer, enjoy your free money! If you have any winnings in your Smarkets account you can now withdraw them.
We can now go to the next offer and repeat this process for the next bookmaker. Remember to mark this guide as completed and then move on to the next one!
- Step 1
-
- Proceed to Smarkets using the button above and sign up to the site.
- Once we have opened our Smarkets account we need to deposit £10 into the account.
- When we sign up we will need to pick a Premier League team. This will be the team we have to bet on for each of our risk free bets.
- Step 2
-
- As this is a risk free bet we only get a free bet if our first bet loses. So to lock in a profit no matter what happens we need to place our first bet in Free Bet (SNR) mode on the calculator. Even though we are placing the bet with our own money.
- If our bet wins we will have made an instant profit. If it loses we will be down around £2 but will have a £10 free bet to come.
- Use the OddsMatcher below to find a suitable bet at odds of 5.0 or more. We need to use above 2.0 for this offer but using above 5 will allow us to lock in more profit.
- Once you have picked your bet head over to Smarkets and add the bet to your betting slip, set your stake as £10 and place your bet. Click the blue box on Smarkets to place a back bet.
- Step 3
-
Now that we have placed our £10 back bet at Smarkets we need to lay the bet at Betfair. We need to use the matched betting calculator to calculate our lay stake. Remember we are using Free Bet (SNR) mode straight away this time.
- Enter your back bet stake and odds into the calculator and then enter the current lay odds. This will show you what you need to lay. The calculator will also show you your liability, this is how much money you need in your Betfair account in order to place the bet.
- At this point the calculator will show a profit. If our bet wins then this is our profit. However, if it loses we will have made a small loss but get the free bet to make a profit with.
- Press the pink box on the market at Betfair and then enter your stake and place your bet.
- After we have placed our bet we need to wait and see what happens.
- If our bet wins we have made our profit and are done with this offer. Our bet winnings will be around £7 more than our exchange loss so we can withdraw our money and move on to the next offer.
- If our bet loses we will get a free bet from Smarkets. We need to repeat the above process with that free bet. Place a back bet at odds above 5.0 and lay in Free Bet (SNR) mode.
- After this bet has settled we can wait for the next match involving our chosen team and repeat the process for the next 4 matches.
Congratulations! You have just completed the Smarkets offer, enjoy your free money! If you have any winnings in your Smarkets account you can now withdraw them.We can now go to the next offer and repeat this process for the next bookmaker. Remember to mark this guide as completed and then move on to the next one!
Apart from the less friendly user interface, is there any reason not to use Smarkets for the lay bets as well as the back bets with this offer?
Smarkets will probably not honour the offer if you do this as it will be obvious to them you are just after the bonus.