Description
Register an account with Fafabet and place a bet on any sport. If your account is down at the end of your first day’s betting, you’ll get 50% of your losses back as a free bet up to £50, plus a £20 casino bonus. You’re guaranteed a £5 free bet plus a £5 casino bonus even if your account is up, provided you place at least one bet of £10+.
Key terms
- New UK customers only. Irish customers can claim a different sign up offer here.
- Applies to your first settled single or multiple bet.
- Minimum stake of £10.
- Minimum odds of 2.00 (evens).
- Place a £10+ bet to receive a £5 free bet and a £5 casino bonus.
- Place a £20+ bet to receive a £10 free bet and a £10 casino bonus.
- Place a £100+ bet to receive a £20 free bet and a £10 casino bonus.
- The free bet and casino bonus will be credited up to 24 hours after your qualifying bet settles.
- Alternatively, if at the end of the first day (23:59), your sports account has losses overall, you can choose to get 50% back as a free bet up to a maximum of £50, plus a £20 casino bonus instead.
- Your losses are calculated from the time of your first settled bet until 23:59 on the same day.
- Only settled bets from your first day of betting qualify for inclusion.
- The free bet and casino bonus will be valid for 7 days.
- The free bet stake will not be returned with any winnings.
- The casino bonus will be subject to a 35x wagering requirement.
- The maximum you can win from the casino bonus is £200.
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 Fafabet.
- Deposit £100 using a debit card.
- Switch to decimal odds.
Qualifying bet
- To target the maximum £50 free bet, you must bet £100 at minimum odds of 2.00 (evens). If your bet loses, you’ll receive a £50 free bet and a £20 casino bonus. If your bet wins, you’ll receive a £20 free bet and a £10 casino bonus. Check the back odds at Fafabet and the lay odds at Smarkets to find a suitable selection. Look for overall odds around 5.00 (4/1) and above, as high odds should give you more profit than low odds.
- Use the ‘Money Back if Bet Loses‘ setting on the Matched Betting Calculator to calculate your lay stake. You can enter £40 as your ‘Cashback‘ figure as that’s the amount you can expect to convert your £50 free bet into (80%), should your qualifying bet lose.
- Place your £100 qualifying back bet at Fafabet (must settle the same day).
- Place your lay bet against the same selection at Smarkets.
- Ensure you don’t place any further bets at Fafabet on the same day. That’s because any winning bets may affect your potential free bet refund.
Free bet
- If your qualifying bet wins, you’ll receive a £20 free bet and a £10 casino bonus. If your qualifying bet loses, you’ll receive a £50 free bet (50% of your stake) and a £20 casino bonus.
- No matter the outcome, your free bet and casino bonus should be credited within 24 hours of your qualifying bet settling.
- Check the back odds at Fafabet 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 free back bet at Fafabet (valid for 7 days).
- Place your lay bet against the same selection at Smarkets.
Casino bonus
- Wager your casino bonus within 7 days. Wager 35 times to withdraw any winnings (capped at £200).
Aim for a £25 profit on this Fafabet offer as a rough guide. If your initial bet wins, you should make an extra £16 cash (80%) from your £20 free bet. Based on those figures, you could potentially make a £41 profit on this Fafabet offer.
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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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.