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.