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.

Bet24

The Deal
Bet24 have a 50% deposit bonus up to a maximum of £30. They charge a fee for direct debits, but not for Moneybookers.

This is the first of the more complicated wagering requirements I have done. Before you are allowed to withdraw any funds you have to wager 4 x the bonus. At the maximum bonus of £30 this means £120 worth of bets. To count towards the requirements bets have to be at odds of 1.5 or above.

The Plan
I'm after the max bonus so I'll deposit £60 via money bookers. Once the £30 bonus shows in my account I'll find a £90 matched. With a little luck I'll lose at Bet24 and the money will end up in my exchange account.

If I win at Bet24 I'll need to make another £30 bet to finish the wagering requirement. Whether it wins or loses I'll pull all my cash out of Bet24 after it has settled.

The Result
Deposited the cash via moneybookers and then worked out I needed to send in ID before I'd be credited with the bonus. I scanned a copy of my passport, blotted out a couple of numbers and sent it in. The bonus was credited about half an hour after my email.

I found a matched bet on football for the 22nd at 1.9 vs 1.9 at Bet Fair and slapped my £90 on it for a £2.18 loss. The back bet won so I needed to place another bet to get at my cash.

Found another game on the same night at put the remaining £30 of my wager requirement on at 3.15 vs 3.05 at Bet Fair. This match was a tiny loss of just £0.08.

Won at Bet24 again and pulled out the full £235.50 via Moneybookers. I'm pretty happy with this one as I managed to hang on to £27.74 of their £30 bonus cash.