Sky Bet Sign Up Offer (2024) | How to Make £23.50 Profit

Description

Key terms

Customers depositing via Neteller or Skrill will not qualify for this promotion.
Applies to your first single or each way bet only.
Minimum deposit of £5.
Minimum stake of 5p.
Minimum odds of 2.00 (evens).
Qualifying bet must be placed within 30 days of registering.
£30 in free bets will be credited as 3 x £10 free bets.
Free bets will be valid for 30 days.
Free bet stakes will not be returned with any winnings.

Always check the terms of an offer yourself before placing any bets. Bookmakers can amend their terms at any time, so it’s always worth double-checking.

Account setup

MBB Special: £50 Amazon GIFT CARDS

Every signup via the link below will be entered into a free prize draw to win one of four £50 Amazon gift cards. Winners will be drawn 1st August 2024. T&Cs apply.

Matched Betting Blog receives a small commission when you sign up to Smarkets via the link above. It helps support the site and keeps it free for everyone to learn matched betting.

Deposit £5 using a debit card.
Switch to decimal odds.

Qualifying bet

Check the back odds at Sky Bet and the lay odds at Smarkets to find a suitable selection. Your qualifying bet must be placed at minimum odds of 2.00 (evens).
Use the ‘Qualifying Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
Although the minimum stake required is just 5p, you should stake £5 to appear like a regular customer. Place your £5 qualifying back bet at Sky Bet (within 30 days of registering).
Place your lay bet against the same selection at Smarkets.

Free bets

You’ll receive 3 x £10 free bets.
Check the back odds at Sky Bet and the lay odds at Smarkets to find a suitable selection.
Use the ‘Free Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
Place your first £10 free back bet at Sky Bet (valid for 30 days after being credited).
Place your lay bet against the same selection at Smarkets.
Repeat steps 10-13 for your remaining 2 x £10 free bets.

Limit your qualifying loss to around £0.50 as a rough guide, and aim for £24 cash (80%) from your £30 in free bets. Based on those figures, you should make a £23.50 profit on this Sky Bet offer.

General advice and example for ‘Bet X, Get Y’ offers

Place your qualifying bets at low odds, ensuring you meet any minimum odds requirement. Use the ‘Qualifying Bet’ setting on the Matched Betting Calculator to calculate your lay stakes.

Once received, you can convert any free bets or bonuses into cash. Use the ‘Free Bet’ setting on the Matched Betting Calculator to calculate your lay stakes. It’s best to place free bets at high odds to maximise your profits.

See my ‘Bet X, Get Y‘ guide for a complete walkthrough of this offer type.

Learn matched betting the free, easy way.

The Matched Betting Academy

Logically structured to tackle strategies and offers as you’re ready for them.
Bag profits every step of the way. About £600 from welcome offers, and another £500 monthly.
Make £15 from your very first offer.

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Screenshot of the Matched Betting Academy

Got a question?
Leave me a comment below…

I usually respond within 24 hours.

Matt Kirman – Matched Betting Blogger

Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.

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Kim C
Guest user

Other sites mention about making sure you have a liability in your exchange accounts first you don’t mention how much your liability needs to be when you place a lay bet?

+3
Reply January 29, 2023 at 12:51 pm
1. Matt
  1495
  
  Hi Kim,
  
  When accessed from the ‘New Customer Offers’ page, the guides assume an understanding of placing back and lay bets. This helps keep the guides short while covering all of the necessary steps.
  
  Any newbies accessing the guide through the Matched Betting Academy have the option of following the detailed version of the Sky Bet sign up offer guide. This goes into much more detail and covers the liabilities you mention.
  
  I hope that helps.
  
  +3
  Reply February 1, 2023 at 7:58 am
zayntawfik
2

Can’t I open a new account in Sky Bet if I already have a Betfair account?

+2
Reply March 8, 2023 at 2:33 am
1. Matt
  1495
  
  Yes, you can open a Sky Bet account, no problem. Sky Bet and Betfair are part of the same group after a merger in 2020, so it’s best to lay against any Sky Bet bets at another exchange, such as Smarkets.
  
  +3
  Reply March 8, 2023 at 7:53 am
Iain
Guest user

When signing up to sky bet it states ‘Paddy Power, Betfair, and PokerStars are part of our family brands. We work together to protect our customers by applying any existing self-exclusions we find to new accounts with us’. If I already have a paddy Power account does that mean I won’t get the free £30 bets?

Thanks

+2
Reply March 18, 2023 at 10:52 pm
1. Matt
  1495
  
  You’ll still get the free bets, provided you haven’t self-excluded yourself at Paddy Power, Betfair and PokerStars.
  
  A new initiative called the ‘Single Customer View’ has been introduced to protect customers from gambling harm. If a participating bookmaker identifies a player as at risk of health-related problem gambling, they will close their account and exclude them from all their gambling services.
  
  They will also securely share their information with ‘GamProtect’. That information is then passed on to other participating bookmakers to ensure the customer cannot open accounts elsewhere.
  
  I hope that helps.
  
  +3
  Reply March 19, 2023 at 7:37 am
GT93
0

I signed up through this link and, having deposited a fiver and placed my qualifying bet, I’ve not had anything credited to my account or any notification of it being triggered. Have never signed up for Sky Bet before so can’t think why that would be. Also, digging around afterwards they updated the offer on the 12th per their website to be £20 in free bets.

+0
Reply June 15, 2023 at 9:51 am
1. Matt
  1495
  
  Thanks for the heads up. I’ve updated the guide.
  
  The minimum qualifying stake is 5p, just like the previous offer, so if you placed a bet at minimum odds of 2.00 (evens), you should still receive the 4 x £5 free bets.
  
  Have you queried this with them?
  
  +0
  Reply June 18, 2023 at 7:41 am
  1. Dexter
    Guest user
    
    I just wanted to jump in here and say I had a similar issue. Signed up, £5 stake on a match at 2.20 odds and received no free bets. I assumed it was something I had done wrong as it’s only my second bet, but when I queried through the Live Chat they immediately credited the free bets. Their mistake – so worth flagging!
    
    Enjoying the blog and process immensely – thank you for sharing your learnings.
    
    +1
    Reply August 1, 2023 at 2:07 pm
    1. Matt
      1495
      
      Thanks for sharing, Dexter. I’m pleased you got it sorted.
      
      You’re welcome. It’s great to have you on board!
      
      +0
      August 1, 2023 at 4:02 pm
Joe T
Guest user

Hi there,

I’ve made my qualifying bet on sky bet, £5 with odds of 2.20 on a South American football match, but I can’t see my free bets? Do I need to wait for the bet to settle before they appear? Thank you!

+1
Reply August 24, 2023 at 9:06 pm
1. Matt
  1495
  
  That doesn’t seem to be covered in the offer terms, Joe, so I’m not sure. I think Sky Bet are usually pretty quick to credit free bets. If you don’t receive it upon settlement, I would advise getting in touch with them.
  
  +0
  Reply August 25, 2023 at 8:27 pm
Harryfox87
2

It allows me to apply all 4, £5 free bets (making it a £20 stake), on a single bet. Is there any issue with doing this rather than 4 separate £5 bets?

+1
Reply November 9, 2023 at 3:03 pm
1. Matt
  1495
  
  Hi Harry,
  
  If you have the funds in your Smarkets account to lay the larger bet, it’s fine to place all four free bets at once.
  
  +1
  Reply November 10, 2023 at 7:41 am
PurpleRain24
0

Hi! Loving the blog.

When playing with the calculator and toggling theoretical stakes and bet amounts to see how it might perform, it seems that the greatest returns would occur at low odds, high value bets where the back odds are greater than the lay odds.

However, in this example, the lay bet required seems to exceed the winning amount, despite it promising a profit. Would your original stake be returned on top of this calculated profit or is this an error with the calculator?

+0
Reply April 10, 2024 at 11:49 am
1. Matt
  1495
  
  Hi there,
  
  When you say the lay bet exceeds the winning amount, I think you’re referring to the qualifying loss. This is the small loss you incur in qualifying for your free bets. Your profit comes from the free bets.
  
  Sometimes, you might find back odds that are higher than the lay odds. These are known as ‘arbs’ and should be avoided to protect your account health.
  
  I hope that helps.
  
  +0
  Reply April 10, 2024 at 2:01 pm
Dan
Guest user

Hi Matt,

Just wanted to say first of all that the blog is great.

I just did a matched bet where I’ve followed all the steps. My back bet stake was 20 and the odds were 8 and the lay odds were 8.8. Using the free bet calculator I got the lay bet to be £15.91 if I am correct but once I placed my bet on Smarkets it said it was partially matched instead of fully. Does this mean I lose money in any way and what does a partial match mean?

Thanks

+0
Reply May 14, 2024 at 6:29 am
1. Matt
  1495
  
  Hi Dan,
  
  Thanks for the kind words!
  
  That is the correct lay stake. When you place a lay bet, you need to ensure there is sufficient liquidity available. Liquidity is the amount of money already in the market and you’ll find it displayed underneath the respective back and lay odds.
  
  Say, for example, there was only £10 liquidity at lay odds of 8.80. £10 of your lay bet would be matched and the remaining £5.91 would be unmatched until more money enters the market at those odds.
  
  If you click the ‘Advanced‘ toggle on the calculator, you’ll see there is a ‘+ Add part lay‘ option. This allows you to enter the stake and odds of your partial bet, along with the new lay odds to get your adjusted lay stake.
  
  I hope that helps.
  
  +0
  Reply May 14, 2024 at 8:01 am