I like to target the better sign-up offers that I have yet to do and with new bookmakers popping up its always worth a check even if you’ve been matched betting a long time like I have.
This one struck me as worthwhile given the £50 in free bets available. Looking at how they are released its clear this isn’t a straightforward offer as five separate qualifiers are required and four of those are multiples, yuk!!
Look at the terms above we have to do five £20 qualifiers and each type of qualifier rewards us with either a £5, £10 or £20 free bet. The minimum odds are 1.8 for each selection and so its just the amount of selections in each multiple that changes.
Step 1 – Finding the close odds matches with an Oddsmatcher
I use the Oddsmatching software at ProfitAccumulator and set this up to same-day only , min odds of 1.8 and min liquidity of £20, here’s an example of what you’ll see:
Now been as today is a Monday there’s not a lot and not very many decent matches. That said if for example I was starting this offer I could do the £10 single on Lazio for small QL of £1.14 to get the £5 Free Bet:
To do the double you could just find two close matches and lay them as a double on Smarkets, which I have covered elsewhere.
But to get the least qualifying loss I went with the sequential lay approach. This means I need to find multiple selections that are not going to be taking place at the same time – and it’s slightly more complicated a process to action the qualifier.
Do not let this put you off however as once you get used to it it takes no time at all.
Step 2 – Using the Acca Calculator to set up your sequential lay Qualifying bets.
Once you’ve done the first Bet £20 on a single to get £5 you’ll need to do multiples to qualify for Free Bets 2, 3 4 and 5. To lay these off for minimal losses you’ll need to lay “sequentially”.
This means having selections that take place without any overlaps, so a football match kicking off at 11am and then another at 3pm then another at 8pm would be ideal for example.
Use the Oddsmatcher as set out above making sure to set minimum odds to 1.8. I also suggest you set maximum odds to 3.0 or even 2.5, which will keep your liabilities down.
Now open up the Acca Calculator from Calculator>Advanced Calculators>Acca Calculator on the Profit Accumulator menu.
Add the number of legs you need for your qualifying bet and fill in all the information. Be sure to fill in all of the details including the date/time, event and bet to make. (you need to enter the commission rate for the calc to work)
Once you have filled in all of the details you will see how your liabilities with Smarkets will increase with each winning leg – its very important to know that you can cover ALL of these liabilities combined – so if you do not have the balance to cover the four or fivefold then stop at the treble and leave those alone.
Example with estimated prices:
It is also important to note that should you get to the fourth or fifth leg you will be laying a large amount on the exchange so you should stick to high-profile events/markets such as top-level football matches where there will be plenty of liquidity.
Once you are happy with your multiple check all the lay prices on Smarkets and the back prices with SportNation and then place the back bet with SportNation and lay off the first leg as per the calculator.
After the first leg result is known you will click the green tick or the red x depending on if the leg won or not. If any leg loses then that’s the qualifier done. If any leg wins you need to lay the next selection to the stakes the Acca Calculator gives you after you click the green tick. You can undo any clicks you make and also update any lay odds that change as you go and the calculator will recalculate the lay stakes.
I suggest you use the save function so you have all the details to hand even if you lose your browser session or have to reboot your computer.
This may sound long winded way to qualify for these free bets and to a certain extent it is, but you are very rarely going to be going beyond 2 or 3 legs at these odds and a good number will lose on the first leg meaning you’ve no further actions.
The bulk of the profits on this one are from the £20 Treble, 4-fold and 5-fold since they will give you £40 in free bets in total, so it is well worth doing if you can.
How did I do?
Below is a summary of my profit from this offer. I virtually always bet my free bets or “advantage play” them. In this instance, I’ve come away with a profit of £32.94 which is comparable to the guaranteed return you could have got by just underlaying the free bets.
I was having a decent week and I attempted to play up my winnings with the last £20 free bet when I usually just take the profit with free bets above £10.
So I probably should have made more money than this!
| QL | FB | P/L | ||
| Bet 1. | £20 single | -£1.25 | £5 acca @ 13.57 Lost | -£1.25 |
| Bet 2. | £20 double | -£1.10 | £5 treble @ 7.64 Lost | -£1.10 |
| Bet 3. | £20 treble | -£2.70 | £10 treble @ 6.0 Lost | -£2.70 |
| Bet 4. | £20 4-fold | -£2.74 | £10 acca @ 5.30 Won | £40.26 |
| Bet 5. | £20 5-fold | -£2.27 | £20 single @ 3.8 Lost | -£2.27 |
| Total | +£32.94 |
I actually actioned this offer in April when there was an abundance of football so was able to action all of the five bets within 9 days. It may take a little longer now there is less to go at but it could be a good offer for the Euros or start of next football season.
Summary
There’s money on the table with this offer, I had no trouble accepting the free bets – which you must accept via a pop up – nor withdrawing funds from Sport Nation.
As usual – please read the terms yourself and be disciplined with your betting! 😀
