Sky Bet Offers 2020 – How to Lock-In Profits from Juicy Bonuses

Please follow the below process, which takes less than 10 minutes to complete;

Update & Confirm T&C (Terms & Conditions)

• Firstly, Go To SMarkets Welcome Offer Page and confirm the availability of £10 Risk Free Sign-Up Promotion (or if you’re lucky you may find a better offer they periodically run via that link)

• Read welcome bonus T&C. I know it’s a boring stuff but never try to save time by skipping it to avoid any unpleasant future surprise;

Simple Sign-Up By Filling Information

• After confirming the availability of the offer & reading the T&C,  click “SIGN UP” button;

• Fill-in the required information related to Account, Personal Information & Deposit;

A Few Key Points

• For the deposit method, Skrill & Neteller deposits are not eligible for the £10 bonus.
• Account Verification. You will receive the below e-mail to verify account. Suggest you do it as quickly as possible to prevent any future transaction delay;
  
  

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• That’s it. You’re now ready to place lay bets to construct matched betting once you sign-up the bookmakers.
• If you are not familiar with how to start matched betting, see how to place qualifying bet.

How To Extract Cash From The Offer?

As said, SMarkets signup offer is probably the easiest one. Because you don’t have to do anything. SMarkets will refund your first £10 loss. Yes, even you win thousands of £ before you lose £10, SMarkets will refund your first £10 loss. So, just keep doing the matched betting, and whenever you lose £10 for the first time in SMarkets, you will be refunded, and as you’re aware it’s your profit.

Some Good News

• Very simple, isn’t it? SMarkets & all other bet exchanges I list in the betting exchange guide are fully licensed & regulated by UK gambling commission. And they all register in IBAS – Independent Betting Adjudication Service, thus you can let IBAS resolve when you face any problem with them.
• Remember, any income from the matched betting are Tax Free in the UK / Ireland even you are treated as a professional gambler, means you make living gambling with the gambling profits as your main income source – see further in Tax section in this report. 

Before Sign-Up, T&C, T&C, T&C —

• Firstly, read both bet exchange (again to ensure you follow everything required) & bookmaker sign-up bonus T&C. Allow me to reiterate that it’s a boring stuff but never try to save time by skipping it to avoid any unpleasant future surprise. They can change & update T&C anytime, therefore it’s essential to follow their latest guideline. Some of the key points are; Minimum Odds (1.5 Over etc.), Device (via PC, Mobile etc), Deadline (by when such as within 7 days after deposit), and as said in the Sign-Up process, Deposit Method (often Skrill / Neteller deposit is not eligible for the sign-up offer) etc

Sky Bet Sign-Up

• After reading the T&C, start registration by clicking “Join Now”;
• No-brainer, just fill-in your personal information as usual sign-up form;
  
  

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• Finally Deposit page, you need only £5 to deposit for the qualifying bet though, suggest deposit at least £10 to be seen not a bonus hunter but a casual bettor;

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• After you complete the successful registration, you will receive the confirmation e-mail as below;

Account Verification

• If you are required to verify your account, do it as quickly as possible. Sky Bet says “We need Proof of ID (Passport/drivers license) and proof of address dated within the last 3 months (utility bill/bank statement). You can email these off to docs@skybet.com and we will look to get your account verified in 24 hours.”

Now, Time To Start Matched Betting – Find Sports Event & Calculate

• Go Free Odds Matcher to look for the appropriate (means the tightest odds gap between Sky bet & SMarkets) sports event. You chose Sky Bet as a bookmaker;
  
  

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Odds Selection Tactics – Qualifying Bet

• For the qualifying bet (means not free bet but your own money), the Shorter (means smaller) the better. Because the shorter odds usually allow you to find narrower gap between bookmaker odds & bet exchange lay odds, thus better profit. Sky Bet requires minimum 2.0 odds. So just use filter function to set something like 2.0 – 6.0 (you can set the highest as you want) and select the event.

• The oddsmatcher displays the list as below;
  
  

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• The best event (means, the narrowest odds gap between Sky Bet & Bet Exchange) is Fontwell horse racing at 15:45, Puppet Warrior. So, let’s check if these odds are still available in both Sky Bet & SMarkets.
• Unfortunately, Sky Bet already reduced the odds from 2.88 to 2.75;
  
  

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• However, SMarkets lay odds also lowered;
  
  

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• The odds always change like this, so don’t worry. What we do is to see if the updated odds are still worth by changing the lay calculator (it appears when you click “i” icon at the right end of the event in the oddsmatcher table) manually as below;
  
  

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• The calculator indicates that with the new odds, our qualifying loss will be 12p, 2.4% loss, no matter our horse Puppet Warrior wins or loses, which is acceptable level.
• So, all you need to do is to follow the calculator. Namely, back £5 on Puppet Warrior at 2.75 at Sky Bet while laying £4.98 on the same horse Puppet Warrior at 2.78 at SMarkets.
• The race result doesn’t matter though, the final result is;

Just FYI.

Odds Selection Tactics – Free Bet

• After setlling the above qualifying bet, Sky Bet will give you £20 Free Bet.
• Now, all what you need is to repeat the process of back & lay that we just completed. However, when it comes to the odds, unlike the Qualifying Bet Case, the Longer (means larger) the better because your free bet will not be returned when you win. This type of bonus is called SNR – Stake Not Returned (see further details), and free bet is usually SNR.
• So, let’s set the odds range, say between 6 – 15;
• You can always find a list of the candidates as shown below. Let’s see the top 2, which are both horse racing of Lingfield, “Goodbye Lulu” & Kempton “Royal Birth”. Although Lingfield one is positioned the best but it’s based on SR (Stake Returned, means normal betting case). But, we’re using Free Bet that is SNR (Stake Not Returned). Therefore the 2nd one of Kempton of which odds is longer, must be more appropriate choice (See the calculation later).
  
  

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• You click “i” mark at the right end, which will navigate you to the screen highlighting the action. That is Backing “Royal Birth” at 10.00 in Sky Bet and Laying off “Royal Birth” at 10.50 in SMarkets;

Automated Calculation

• You click yellow “Calculator” mark, which will navigate you to the calculator below;
  
  

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• Actually, it gives you everything you need to know. Although the necessary inputs are automatically done, you need to chose Stake Not Returned mode at the right top since it is a Free Bet (default mode is Qualifier, so you have to change manually).
• The key inputs you need to double check are; Stake £20 in Sky Bet. Back Odds 10 & Lay Odds (in SMarkets) 10.05. Commission, Sky Bet 0 but SMarkets 2%. Then, the calculation says you need to lay £17.18 at SMarkets, and your final profit will be £16.83 regardless of the outcome. Means no matter “Royal Birth” wins or loses, you will earn exactly £16.83.

If Chose The Top Rated Kempton “Goodbye Ludu”

• If we chose the Kempton “Goodbye Lulu”, the final profit is £15.90 that is lower than £16.83;
  
  

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Note – Lay Liability

• Although, the longer odds is preferable to achieve better profit for Free Bet case, we need to be careful for Lay Liability. The longer the odds, the bigger the lay liability is. In the above case, laying “Goodby Lulu” requires £94.10 but “Royal Birth” need £163.17. So, if you don’t have enough balance at exchange (Smarkets), choosing “Goodby Lulu” is an optional approach.
• For this particular issue of lay liability, How To Minimize Exchange Lay Betting Commission & Liability For Matched Bettingwill be of your help.

Placing Bets

• Now, we will construct the matched betting by placing the stake both in Sky Bet & SMarkets. Firstly place bet at Sky Bet. Remember, you should place the bookmaker’s bet first, this is an important theory (don’t think too much at this stage just follow this principle, you will know why in due course). So, go to Sky Bet, confirm if the odds is still 10.00. If it changes, you need to recalculate the lay stake & profit by just updating the number in the calculator. You can change manually very simple. If it’s 10.00, then place £10 on “Royal Birth”;
  
  

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• Then go to SMarkets. The same practice. Confirm if the odds is still 10.05. In SMarkets (basically more or less the same among all bet exchange), there are 2 parts of Blue Colour (right side) & Green Colour (left side). You need to Chose Blue Colour for Lay. Green colour is Backing. In bet exchange, you can also back, but at this stage I don’t want to confuse you, so just remember you chose Blue to lay;
  
  

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Final Profit

• That’s it. Just wait for the outcome. The below shows the final profit no matter “Royal Birth” wins or loses;
• Qualifying Bet: (-12p) Loss
• Free Bet: £16.83 Profit
• Total: £16.71 Net Profit

Actual Result

• Do you want to know the actual result of the race?
  
  

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• So “Royal Birth” didn’t win but finished at 2nd, anyway you will not be bothered by any results, just FYI.

If it’s your first betting experience, you may take 10 minutes each for sign-up SMarkets & Sky Bet. And took probably 30 – 40 minutes to complete the whole matched betting process (both qualifying bet & free bet). Or I would say you’d better take enough time to avoid careful mistake.

After you construct a few matched betting, you should be able to finish the same process within 20 minutes.

The important thing is to keep doing and your efficiency will be improved exponentially.