Betfair are currently running a promotion for new sign ups. If you sign up (entering the code BFB425) and place £25 worth of bets, then Betfair will credit your account (within 48hours) with a £25 free bet. The best thing about this offer is that you do not need to wager the £25 free bet before you can make a withdrawal.

Betfair is a betting exchanged, and allows you to bet against other gamblers, so you can act as the bookmaker. You can back (betting that an outcome will occur) and lay (betting that an outcome will not occur) selections. This makes it very easy for you to make profit without risk. All you have to do is back and lay the same outcome.

Imagine that Roger Fedderer was playing you in a tennis match. Betfair would likely give odds of about 1.01 for him to win, because it is almost certain he will win (unless you are Andy Murray!). To take advantage of their sign up offer all you would need to do is back Roger with £24.75, and lay Roger with 25p at odds of about 100/1! If roger wins, you will get £24.75*1.01 which is roughly £25, if he doesnt win you will get £25p*100, so £25. Either way, you have roughly the same amount of money that you started with, but you are now going to receive the £25 free bet! So you have made an easy £25 guaranteed.

Betfair can be very confusing to get your head around. Below is an example of how Betfair is set out.

To back an outcome, simply click on the circled odds under "Back". A box will appear on the right that allows you to fill in how much you would like to stake. Please make sure that all bets are matched, you will receive confirmation of this after placing the bet.

To lay an outcome, just click on the circled odds under "Lay". The following box will then appear on the right hand side.

We have underlined the two most important figures. In the Backer's Stake you enter how much you would like to lay against, then it will show your liability. The liability is how much you must have in your Betfair account to place the bet, the Backer's Stake is how much you will win if the outcome does not happen, so in this case if Rangers do not win. Please note that there is a 5% commission charge on wins at Betfair. This 5% has been calculated into the bet suggestions below.

Here is a real life example which we suggest would be the best bets to place to take advantage of this offer (please note that if the game ends as a Draw, you will win the Lay bet, as you have bet that Rangers wont win!):

Click here to be taken to Betfair and when signing up be sure to enter the code "BFB425". Deposit £25.

Falkirk Vs Rangers
Scottish Premier League
12:30 Saturday 09/08/2008

BACK Rangers with £16.16 @ 1.51 (If Rangers win you will receive £24.40)
LAY Rangers with £16.38 (this is the backer's stake, to do this, when it asks for the backer's stake, type in £16.38, then it will show the liability as £8.84) @ 1.54 (If Rangers do not win you will receive £24.40)
If the odds change for this selection, you can use our Matched Betting Calculator to calculate which bets to place.

Total Outlayed = £25.00 (£16.16 + 8.84)
Minimum Return = £24.40
Free Bet = £25 (no need to wager)
Minimum Amount Available to Withdraw = £49.40
Profit = £24.40 (guaranteed)

If you require any help with this deal, or have any questions please use the form at our contact page.