Smarkets £100 Offer – Week 1

Smarkets are running a fantastic Winter Premier League promotion, available to ALL customers! Simply risk £10.00 or more on five different Premier League matches to receive £10.00 risk-free the following week. Translated into matched betting terms, this gives us a guaranteed weekly profit of £5.00 and here’s how…

Key terms:

• Offer runs from 00:00 on Tuesday 3rd December 2019 until 23:59 on Monday 10th February 2020.
• Offer is available to ALL new and existing Smarkets users who opt-in here.
• Users who sign up via SBK (Smarkets’ Sportsbook) will not be eligible for this promotion.
• Each week, users must have at least £10.00 of settled exposure on five different English Premier League matches.
• Bets on Premier League outright markets will not count towards this promotion.
• Eligible users will receive their £10.00 risk-free bonus the following week, for a maximum of ten weeks.

Week 1

Week 1 runs from 00:00 on Tuesday 3rd December 2019 until 23:59 on Monday 9th December 2019.

To qualify for our risk-free bonus, we need to have at least £10.00 of ‘settled exposure’ on five different English Premier League matches.

This simply means we need to ‘risk’ £10.00 on each match. We can do this by placing back bets of £10.00 or more or by placing lay bets where our overall liability is £10.00 or more.

If we meet the qualifying criteria, we’ll get what Smarkets call a £10.00 risk-free bonus the following week, which we can expect to be credited on Tuesday 10th December 2019.

Any losses from the point of the bonus being credited will be refunded up to the bonus amount.

Qualifying bets

Strategy 1

There are a couple of different ways we can approach this offer.

The first option is to place a back bet of £10.00 or more on five different matches and lay them off at another exchange like Betfair or Matchbook.

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We just need to make sure that any further bets on those matches don’t reduce our exposure below the £10.00 mark as it will no longer count as a valid qualifying bet.

So, if we can minimise our qualifying losses on each match, we should lose a total of no more than £2.50 in qualifying for our £10.00 risk-free bonus.

Strategy 2

The above method is pretty easy if you don’t use your Smarkets account much.

If, however, you use Smarkets on a daily basis for matching your bets, it’s likely you’ll place some eligible qualifying bets without even thinking about it.

Premier League matches are perfect for many football offers, so provided you’re risking £10.00 on each match, it will count towards your weekly quota.

If, for example, you find you’ve only placed qualifying bets across three matches, you can simply place a couple of further back bets to get you up to the requirement.

Beware of trading out

One of the main things to be aware of with this offer is that it’s your exposure at settlement that counts towards your qualifying bets.

If you trade out in play and your exposure at the end of the match is less than £10.00, it will no longer count towards qualifying.

Risk-free bonus

Once our qualifying bets have settled, our £10.00 risk-free bonus will be credited the following week.

Once credited, any losses will be refunded up to £10.00.

Again, it depends hows much you use your Smarkets account as to how you go about using your risk-free bonus.

If your Smarkets account is pretty active, you may just want to use your account as normal and enjoy the refunds.

If you don’t use your Smarkets account much, you can simply treat the bonus as a risk-free bet. We can expect to extract £7.50 cash (75%) from our bonus using this method.

If we take into account our total qualifying loss of £2.50, this gives us an overall guaranteed profit of £5.00 on Week 1 of this Smarkets offer!