Description
Register an account with BetMGM and select the Sports Welcome Offer. Deposit and bet £10+ on any sport, and you’ll receive £40 in free bets.
Key terms
- Opt-in is required by depositing and placing a qualifying bet.
- Your qualifying bet must be placed within 7 days of registration.
- Minimum stake of £10.
- Minimum odds of 2.00 (evens).
- 4 x £10 free bets will be credited upon qualifying bet settlement.
- 1 x £10 horse racing free bet (odds of 2.00+).
- 1 x £10 free Bet Builder (total odds of 4.00+).
- 1 x £10 football free bet (odds of 2.00+).
- 1 x £10 free accumulator (3+ selections, total odds of 2.00+).
- Free bets will be valid for 7 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
- Sign up for a Smarkets account if you haven’t already. You’ll need this to match your bookmaker bet.
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.
- Register an account with BetMGM.
- Deposit £10 using a debit card.
- Switch to decimal odds.
Qualifying bet
- Check the back odds at BetMGM 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.
- Place your £10 qualifying back bet at BetMGM (within 7 days of registering).
- Place your lay bet against the same selection at Smarkets.
Free bets
- Your 4 x £10 free bets will be credited upon settlement of your qualifying bet. The free bets will be valid on horse racing (odds of 2.00+), any Bet Builder (odds of 4.00+), football (odds of 2.00+) and any accumulator (3+ selections, total odds of 2.00+).
- Check the back odds at BetMGM and the lay odds at Smarkets to find a suitable horse racing selection.
- Use the ‘Free Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
- Place your first £10 free back bet on horse racing at BetMGM (valid for 7 days).
- Place your lay bet against the same multiple at Smarkets.
- Repeat steps 10-13 for your remaining 3 x £10 free bets.
As a rough guide, limit your qualifying loss to around £0.50. Aim for £16 cash (80%) from your 2 x £10 free bets on horse racing and football. Aim for £6 cash (60%) from your £10 free Bet Builder. Aim for £7 cash (70%) from your £10 free accumulator. Based on those figures, you should make a £28.50 profit on this BetMGM 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.
How to lay a Bet Builder
If you’re looking to lay a football Bet Builder, you’re in luck. All you need to do is add the right combination of selections, and you’ll be able to lay your Bet Builder in one bet at the betting exchange.
Bet Builders on other sports tend not to be as straightforward, and you may struggle to lay your bet. In that instance, and depending on the offer, you may want to treat it as advantage play.
See my Bet Builders guide for a walkthrough of your options.
How to lay a multiple bet
Your best option is to lay your multiple at Smarkets, as their platform allows you to build any multiple and lay it as one bet. Therefore, you can place your multiple bet at the bookmaker and then build and lay the same multiple at Smarkets.
See my ‘Laying Multiples‘ guide for a complete walkthrough.
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.
Got a question?
Leave me a comment below…
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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.