Beat Sky Bet
We hate unethical bookies that want to have their cake and eat it by targeting losing customers for as much as they can, whilst dramatically reducing the business they take from those with a modicum of ability.
It’s the ultimate ‘heads I win, tails you lose’ business, and Sky Bet is a typical bookmaker.
The below interview to ex Skybet CEO Richard Flint gives you some good insight on the bookmaker’s attitude towards the smart punters, and account restrictions which include Sports Arbitrage, Oddschecker & Ungubbing, etc. (The video is 11+ minutes long though you may start from 5 minutes for the Account restriction topics);
It’s rare to have such a terrible Trustpilot score among established bookmakers as below;
We would like our readers to beat Sky Bet with our Advantage Play, which is only the method to win the unfair gambling companies for the long term, see the details at the bottom.
Sky Bet Juicy Offers List
So, don’t waste your time grumbling, instead, exploit Sky Bet’s offers to get risk-free profits as much & long as possible before Sky Bet restricts your account.
Sky Bet Offers 1 – New Customer Free Bets No Deposit Needed
When it comes to new customer sign-up offers, it’s one of the easiest offers to lock in profit, which is “Bet £5 Get £20 Free Bet”. 
Our underlying method is matched betting.
I will construct it using this Sky Bet new customer offer to show you how it works, which would be a brief summary for you to understand the overall concept.
For specific step-by-step instruction, take a look at Matched Betting Specific Process Between Sky Bet & Smarkets later in this section.
For those who are not familiar with matched betting, suggest taking a look at Matched Betting For Dummies where you will find every basic of the matched betting.
What we do are;
- 2 transactions of Back (bet on win) £5 on Team or Player A at odds of 2.0 < at Sky Bet & Lay (bet on NOT win) appropriate £ (stake can be calculated by free software) on the same Team or Player A at Betting Exchange like Betfair or Smarkets so that you cover all outcomes.
- Regardless of the outcome, your losing & winning will cancel out each other. In real practice, usually, 2 bets are not perfectly offset due to the odds difference & exchange commission. Therefore you make a small loss called Qualifying Loss.
- But now, you get £20 Free Bets. You repeat the exact same process but use the free bet for the back bet at Sky Bet. Then, this time free bet value (minus qualifying loss) will become your net profit.
- You may be able to extract around £15 – 18 pure profit from this offer Without Any Single Risk.
- The success factor is how to minimize the qualifying loss by selecting the player whose odds gap (between Sky Bet & Betting Exchange) is the narrowest. You can use Free Odds Matcher to locate such opportunities. For the step-by-step process, take a look at Risk-Free Betting Starting Guide (3) – How To Extract Profit from Free Bet. You will see William Hill’s sign-up bonus case as an example in this instruction.
Betting Exchange
When it comes to betting exchanges, there are 4 betting established betting exchanges as below;
In case you are not familiar with the betting exchanges, Bet Exchange – Ultimate Guide To Use Betfair & Competitions Most Profitably and 4 Best Betting Exchange Sign-Up Offers with Cash Extraction Process will be helpful.
Anyhow, we prepared a step-by-step guide for how to sign-up Smarkets and extract cash from its £10 Risk-Free Bet bonus. Actually, this is one of the easiest offers to lock in a profit in the industry.
Please click the “+” mark to open the instruction;
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 see the latest offer. Currently, you can choose either 0% Commission for 60 days or a £20 Cash Refund 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 boring stuff but never try to save time by skipping it to avoid any unpleasant future surprise;
Simple Sign-Up By Filling Information
- After reading the T&C, click the “Claim Bonus” button;
- Fill in the required information related to Account, Personal Information, and Never Forget to enter Promotion Code, namely 0% Commission for 60 days (code COMMFREE) or £20 Cash Refund (code SMK20) & Deposit;
A Few Key Points
- For the deposit method, Skrill & Neteller deposits are not eligible for the £20 Cash Refund.
- You need to deposit at least £10 in a single amount to qualify for the £20 Cash Refund.
- You need to spend the full £20 Cash Refund within 7 days after you get credited, otherwise, any unused cash refund balance will be removed.
- Account Verification. You will receive the below e-mail to verify your 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 a qualifying bet.
How To Extract Cash From The Offer?
As said, the Smarkets signup offer is probably the easiest one. Because you don’t have to do anything. Smarkets will refund your first £20 loss. Yes, even if you win thousands of £ before you lose £20, Smarkets will refund your first £10 loss.
So, just keep doing the matched betting, and whenever you lose £20 for the first time in Smarkets, you will be refunded, and as you’re aware it’s your profit. But beware that the Cash refund will expire in 7 days, therefore make sure you use up all the refund within 7 days.
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 the 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 matched betting is Tax-Free in the UK / Ireland even if you are treated as a professional gambler, which means you make living in gambling with the gambling profits as your main income source – see further in the Tax section in this report.
Matched Betting Specific Process Between Sky Bet & Smarkets
Then, I will quickly show you how to make your 1st matched betting between Smarkets & Sky Bet by using the above Sign-Up Offer. Click the below “+” which opens the step-by-step process with the screenshots;
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 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 depositing at least £10 to be seen not as a bonus hunter but as 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/driver’s license) and proof of address dated within the last 3 months (utility bill/bank statement). You can email these off to docs(at)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 the narrower gap between bookmaker odds & bet exchange lay odds, thus better profit. Sky Bet requires a minimum of 2.0 odds. So just use the 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 it by changing the lay calculator (it appears when you click the “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 whether our horse Puppet Warrior wins or loses, which is an 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 settling the above qualifying bet, Sky Bet will give you a £20 Free Bet.
- Now, all that 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 the 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 it’s based on SR (Stake Returned, which means normal betting case). But, we’re using Free Bet which is SNR (Stake Not Returned). Therefore the 2nd one of Kempton of which odds is longer must be the more appropriate choice (See the calculation later).
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- You click the “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 the 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 choose to Stake Not Returned mode at the right top since it is a Free Bet (the 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. This means no matter whether “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 are preferable to achieve a better profit for the Free Bet case, we need to be careful with Lay Liability. The longer the odds, the bigger the lay liability is. In the above case, laying “Goodbye Lulu” requires £94.10 but “Royal Birth” needs £163.17. So, if you don’t have enough balance at the exchange (Smarkets), choosing “Goodbye Lulu” is an optional approach.
- For this particular issue of lay liability, How To Minimize Exchange Lay Betting Commission & Liability For Matched Betting will be of your help.
Placing Bets
- Now, we will construct the matched betting by placing the stake both in Sky Bet & Smarkets. Firstly place a 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, and confirm if the odds are 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 simply. 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 are still 10.05. In Smarkets (basically more or less the same among all bet exchanges), there are 2 parts of Blue Colour (right side) & Green Colour (left side). You need to choose Blue Colour for the Lay. The green color is the 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 whether “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, any way you will not be bothered by any results, just FYI.
If it’s your first betting experience, you may take 10 minutes each to 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 mistakes.
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.
Sky Bet Offers 2 – Weekly Sky Bet Club
This is the offer that provides you with a guaranteed profit every week (see the list of other bookmakers’ free bet clubs); 
How it works is actually very simple,
- Simply bet a total of £25 at odds of Evens (or greater) before 23:59 on Sunday each week during the promotional period.
- Free bets will be credited to qualifying accounts on Mondays (by 7 pm GMT).
- Free bet stakes are not included in any returns.
- Max free bet per customer/household / IP address / per qualifying week is £5
- Your £5 free bet will expire at 23:59:59 on the following Sunday after being credited.
- Subject to the above you will remain in the promotion and will receive a £5 free bet every week during the promotional period so long as you continue to qualify before 23:59 on each Sunday.
It’s a no-brainer, just implement standard matched betting. You can follow Matched Bet Starting Guide (2).
Usually, when we place a qualifying bet we may incur around 2-5% loss if we lose 5% of £25 qualifying bet will lose around £1 and the cash value of the Free Bet is around 80% means £5 x 80% = £4, then your final profit will become £3.
But as long as you combine the ongoing promotions wisely you can retain the original value or even make it better. So don’t forget your bet placements on the following Sky Bet Offers 3 & 4 which you can also lock in profit can qualify for this Weekly Sky Bet Club.
Sky Bet Offers 3 – Soccer Treble Special Price Boost
Sky Bet offers multiple (usually treble) price boosts almost every week (usually Saturday) during football season. The below EPL (English Premier League) Multiples Price Boost is just an example;
When it comes to multiple bets, Betfair or Matchbook (Go “Enhanced Specials” section) usually provides lay markets up to Treble.
And usually, Sky Bet Offers Treble. This means, you have large chances to find arbitrage opportunities due to the price boost like;
Alternatively use Smarkets Custom Lay Multiples – Easiest Way to Lay Acca.
So, back odds is 7 while lay odds is 6, which is an arbitrage condition that means you can create Risk-Free Odds as;
So you will get a guaranteed profit of nearly £3 from it, and you have already satisfied the Sky Bet Club requirement for this week.
Alternatively, you can Maximise your Potential Profit under Risk-Free conditions by doing Underlay as below;
As seen from the calculator, you can adjust the lay stake bar up to the Break-Even level if the exchange lay bet wins.
Then you see the maximum profit of £18.35 in this case, which means you can expect a potential £18.35 with Risk-Free (no loss). You can calculate the lay stake manually, simply dividing £25 (back stake) by 95% (100% – Betfair Commission 5%) = £26.31
For full details of instruction, please take a look at 3 Methods Of Laying Enhanced Accumulators & Acca Bonus To Lock-In Profit.
For Multiples / ACCA matched betting, you may also want to read How To Lock-In Profit on ACCA Insurance.
Sky Bet Offers 4 – Horse Racing 2nd (& 3rd, & 4th) Place Refund
Sky Bet offers another guaranteed profit in Horse Racing, called 1st ITV Racing Money Back;
ITV broadcast horse racing Saturday afternoon. And Sky Bet Offers often 2nd & 3rd, occasionally up to 4th finishes refund.
We can lock in a profit in the above Aintree’s race. The favorite 4 top horses’ odds are;
And Smarket (Exchange) odds are;
These lay odds are pretty early stage thus quite poor (the best & true odds would be around 10 minutes before the race start). However, even with such poor odds, if we chose Ucello Conti, and use Lock-In Calculator, the expected outcome will be;
We can lock in £1.8 profit from it.
Please go to 2nd Place Refund Horse Betting Calculator For A Guaranteed Profit, for further details including the lock-in customized spreadsheet you can download FREE.
Incidentally, we have drawn the strategic paper related to the Horse Racing Refund. I strongly suggest you take a look at 10 Horse Racing Refund Offers – Value-Based Best Selection & Tactics To Win, where we show how to gauge the value, prioritize & select the popular offers together with the specific tactics summary to extract cash from them.
Sky Bet Offers 5 – “RequestABet”
Finally, Sky Bet regularly make special promotion in “RequestABet”. This is the market Sky Bet allows you to mix and match markets to create your own unique bet and then request a price. The offer is often in the form of a free bet like “Place a £5 (or higher) RequestABet on the match between Arsenal vs Chelsea and we’ll give you a £5 Free Bet “;
You may not be able to lay any RequestABet markets since most of them are quite unique based on the individual punter’s request.
Therefore, you can use the No Lay Matched Betting Method. or check Bet Builder – How To Complete Matched Betting.
Beat Sky Bet Offers Wrap Up
Our Betting Principle
Lastly, allow us to share a bit about our betting principle. Avoid Prejudice of Betting = Gambling. We Do Betting but Don’t Count On Chance. Instead, we do 6 Advantage Plays based on mathematical edge to beat the bookies, casinos & bingo.
When it comes to Sports Betting, we use Matched Betting / Sports Arbitrage / Value Bets On Proven Tipsters to lock in a profit or consistently earn extra income for the long term.
With that said, one of our policies is “Betting On Luck Is For Losers, Stop Gamble Betting But Bet on Only +EV To Win Reliably“.
It is effectively our way to promote Responsible Gambling, and we strongly support GamCare being explained about us.
We would provide our readers with various techniques & tools to lock in profit from bookmakers’ offers via matched betting. And having shared the instructions on how to extract cash from many Sky Bet juicy offers in this article is part of our efforts to achieve that objective.
So, don’t do Gambling, turn Sports Betting into Solid Extra Income Creation with Risk-Free Advantage Play.
As seen from this guide, Sky Bet Offers many opportunities for Guaranteed Profit as long as you use the matched betting method. We have specific instructions on every different bookie’s offers, see Matched Betting Instruction Index.
Yes, it’s just a matter of time before Sky Bet limits your account if you do matched betting without any precautionary actions.
So, we have prepared the following 2 guides – One is Before Restriction, The Other One is After Restriction;
We believe the above 2 guides will help you keep exploiting unfair bookies, means will enable you to make money on the side reliably for the long term.
If you have any inquiries or need any help from us, please contact us anytime (don’t worry, we will not charge you any fee, everything is free here).
Good Luck!!
Joshua Walker (bio)
Editor – Global Extra Money (GEM)
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