Description
Register an account with Novibet, deposit and bet €10+ on any sport and get €40 in free bets. If your first bet loses, you’ll receive an extra €10 free bet.
Key terms
- Offer available to Ireland residents only.
- Promotion is valid for all payment methods except Skrill, Neteller and Paysafe.
- Minimum first deposit of €10.
- Minimum stake of €10.
- Minimum odds of 1.70 (7/10).
- Qualifying bet must be placed within 30 days of registration.
- 4 x €10 free bets credited within 10 minutes of qualifying bet settlement.
- If your qualifying bet loses, you’ll receive an extra €10 free bet within 24 hours.
- 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
- 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 Novibet.
- Deposit €10 using a debit card.
- Switch to decimal odds.
Qualifying bet
- Check the back odds at Novibet and the lay odds at Smarkets to find a suitable selection. Your qualifying bet must be placed at minimum odds of 1.70 (7/10). Look for 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 in free bets into (80%), should your qualifying bet lose.
- Place your €10 qualifying back bet at Novibet (must be placed within 30 days of registering).
- Place your lay bet against the same selection at Smarkets.
Free bets
- No matter the outcome of your qualifying bet, you’ll receive 4 x €10 free bets within 10 minutes of settlement. If your qualifying bet loses, you’ll receive an extra €10 free bet within 24 hours.
- Check the back odds at Novibet 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 4 x €10 free back bets at Novibet (valid for 30 days).
- Place your lay bet against the same selection at Smarkets.
- If your initial qualifying bet lost, repeat steps 10-13 for your remaining €10 free bet.
Aim for a €32 profit on this Novibet offer as a rough guide.
General advice and example for ‘Money back if bet loses’ offers
Place your ‘Money back if bet loses’ bets at high odds to maximise your profits. Use the ‘Money Back if Bet Loses’ setting on the Matched Betting Calculator to calculate your lay stakes. In the ‘Cashback’ field, you should enter the amount of your cash refund or the amount you expect to convert if the bookmaker pays your refund as a free bet or bonus.
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 Money back if bet loses 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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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.