Free £50 SR bet from BetChronicle

The Deal

BetChronicle are offering a free bet equal to the value of your first bet up to £50. You can't miss it, the offer is all over their home page.

The best part of this offer is that the free bet is a stake returned (SR) bet. This is different to the usual stake not returned (SNR) bets offered by bookies in that if you win your account is credited with both the winnings and the stake.

This makes SR bets ideal for matched betting as you don't need to match the free bet at high odds and therefore don't need a large bank roll to take advantage of the offer.

The Result

I matched up my first £50 bet at 3.15 vs a lay at betfair of 3.25 for a net loss of -£3.24. The freebet was added to my account shortly after and I matched it at 2.01 against 2.06 at BetDaq which locked in £48.03 from the free bet.

So a profit of £44.79 from this one. The great part is that my maximum exposure was £50 x 3.25 = £162.50 which is a great return. This is a top deal for people new to matched betting who might struggle to find the approx £400 required to get the best return from a SNR bet of the same value.

Stan James Mobile and Casino Bonus

The Deal

Stan James have come through with another free £10 SNR bet for anyone placing a £10 bet via their mobile phone.

They also sent me an email offering a £10 casino bonus if I correctly guessed the winner of the Eurovision contest. This offer was valid for anyone who'd bet £10 before the offer closed. Convenient. =)

The Result

I found a couple of easy matches and netted £8.31 from the £10 SNR bet.

I went for huge favourites, Norway, in the Eurovision and got the £10 casino bonus. Having got it I figured I should find out what the terms were. You can't withdraw the bonus, you can only gamble with it. I played some blackjack and won a few rounds. Because you play with your winnings first I pulled the cash out of stan james a few times to lock in a profit. I managed to squirell away £6.50 before going on a losing streak and zeroing the bonus balance. Pretty happy with the result, though it's probable that there is a better betting strategy than the one I went with.

So my good friend Stan has given me £14.81 this month. What a good bloke he is!

Bet24 £12 refund on Man United v Arsenal

The Deal

Bet24 sent me an email yesterday about an offer on the Man United v Arsenal game. They offered to refund a bet of exactly £12 on either Man Utd or Arsenal provided the game was not a draw.

The Result

A refund on lose offer is basically the same as an SNR bet, so long odds give a better return. I therefore backed the big underdog, Arsenal, at odds of 6.65.

Balancing out the SNR as normal, I layed at BetDaq at 7.6 for an £8.70 profit if Arsenal or Man Utd win. I still needed to cover the draw, so I backed it at BetDaq for £2.40 at odds of 4.3. I figured this would lock in a profit of £6-£6.30.

I realised my error after the game finished as a draw and I was only up £4.37. I had forgotten to subtract the draw stake from the draw returns. Done properly I could have locked in closer to £5.80.

I'm still happy though, as this was a very low effort offer. Having no choice on the game to back meant the only work I did was a quick check to see whether BetDaq or Betfair were offering better odds and a couple of minutes calculating the lay and draw bet.

Betclick £15 Offer

The Deal

Betclick normally offer a £10 refund if your first bet loses for new accounts. Get yourself refered though and this get's bumped up to £15. There's no minimum odds or other catches. The bet should be treated as a SNR to calculate the lay bet.

The Result

A nice simple one. Stuck £15 on at odds of 6.8 at BetClick and layed at BetDaq for £12.19 at 6.8. The bet lost at the bookie, so I got my £15 back and netted £11.82 profit after commision.

If you want to get refered for this one just stick a message in the comments.

Expekt £25 or €35 Deposit Bonus

The Delay

It's been a little while since my last post. Don't worry, I haven't lost interest in material things and joined a monastery. My laptop had a serious case of the 'Blue Screen of Death' and I then went on an awesome holiday to Amsterdam.

I'm back now though, and ready to start grabbing cash again. Here's one that ticked over since I've been offline.

The Deal

Go to the Expekt site and you'll see an offer for a 100% deposit bonus of up to £25 or €35. Before you can withdraw you need to wager three times the deposit + bonus, so £150 or €210 at odds of 1.5 or more. 

The other caveat is that you cannot deposit via moneybookers, so I signed up for NetTellers. If you want a referal let me know. (You'll get a bonus £5 for it)

The Result

I deposited £35 via NetTeller as I was hoping that they'd match the lot. However they stayed consistent with their offer terms and only gave me £25. I had a think about the wagering requirement and reached the conclusion that I'd ideally like to just lose all my cash at the bookie and then I could ignore the requirement.

With that in mind I underlayed my £60 bet at BetDaq so that if the bet won at the bookie I'd make a profit of £8 and if it won at the exchange I'd make a loss of £3.74. The thinking behind this was that if I have to bet the full requirement I'll probably lose £3-4 along the way. By doing this I'll either get out with the expected amount in one go or I'll make extra profit for my trouble.

The bet lost at the bookie, so I pocketed £56.62 at BetDaq. £35 of this was my original deposit, so a profit of £21.26 from a single bet. Nice and easy. =)