Betfair Sportsbook: Bet £10 Get £50 in Free Bets
- How to complete the Betfair Sportsbook sign-up offer (5 × £10 free bet tokens)
- Why you must use Smarkets (not Betfair Exchange) for this offer
- A worked example showing ~£35 profit from this offer
Offer Summary
What You'll Need
- A new Betfair Sportsbook account (never signed up before)
- A Smarkets exchange account (do NOT use Betfair Exchange)
- Around £20 in starting funds (to cover qualifying bet + exchange liability)
- A matched betting calculator to work out lay stakes
Step-by-Step Walkthrough
Sign up to Betfair Sportsbook
Create a new Betfair Sportsbook account. Make sure you are signing up via the sportsbook section, not the exchange. Use accurate personal details — you'll need to verify your identity before withdrawing.
Deposit funds
Deposit at least £10 into your Betfair Sportsbook account using a Debit Card, Pay by Bank or Apple Pay. E-wallets such as PayPal, Skrill and Neteller are excluded and will not unlock the free bets.
Find a qualifying bet
Find a sporting event where the bookmaker back odds and the Smarkets lay odds are close together. Football matches are usually the best option. Look for odds of around 2.0 where the difference between back and lay is small (e.g., back 2.0, lay 2.05).
Place your back bet at Betfair Sportsbook
Place a £10 back bet at Betfair Sportsbook on your chosen outcome. Make sure the odds are at least Evens (2.0) to meet the offer requirements. Use the matched betting calculator to work out the exact lay stake needed.
Place your lay bet at Smarkets
At Smarkets, lay the same outcome at similar odds. Enter the lay stake calculated by your matched betting calculator. This covers your back bet so the overall result is a small qualifying loss regardless of the outcome.
Wait for the result and receive your free bets
Once the event settles, 5 × £10 free bet tokens (£50 total) will be credited to your Betfair Sportsbook account — not a single £50 token. Each token is restricted to Bet Builders, accumulators or multiples and cannot be used on a single-selection market. The tokens expire 30 days after being credited.
Use each £10 free bet on a Bet Builder or multi
Use each £10 token on a Bet Builder, acca or multi at combined odds around 5.0–6.0 and lay it at Smarkets. Since the tokens are SNR (stake not returned), you only receive the profit portion if the bet wins — higher combined odds give you a bigger payout relative to the liability. Convert the five tokens one at a time so you can shop for a tight Bet Builder spread on each.
Withdraw your profit
Once all bets have settled, withdraw your funds from both Betfair Sportsbook and Smarkets. Your total profit from this offer should be around £35 after accounting for the qualifying loss and exchange commission across all five tokens.
Worked Example
Here's a realistic example of how this offer plays out with actual numbers.
| Step | What you do | Approx. result |
|---|---|---|
| Qualifying bet | Back £10 at 2.0 (Betfair), lay at 2.05 (Smarkets) | -£0.30 small loss |
| Free bet token 1 | Back £10 SNR token on a Bet Builder at 5.0 (Betfair), lay at Smarkets | +£7.40 profit |
| Free bet token 2 | Back £10 SNR token on a Bet Builder at 5.0 (Betfair), lay at Smarkets | +£7.40 profit |
| Free bet token 3 | Back £10 SNR token on a Bet Builder at 5.0 (Betfair), lay at Smarkets | +£7.40 profit |
| Free bet token 4 | Back £10 SNR token on a Bet Builder at 5.0 (Betfair), lay at Smarkets | +£7.40 profit |
| Free bet token 5 | Back £10 SNR token on a Bet Builder at 5.0 (Betfair), lay at Smarkets | +£7.40 profit |
| Total | ~£35 profit |
Betfair-Specific Tips
- Use Smarkets as your exchange for this offer — NOT Betfair Exchange. Betfair Sportsbook and Betfair Exchange are technically separate products, but they share your account details.
- The £50 is paid as 5 × £10 SNR tokens, not one big token — and each is restricted to Bet Builders, accas or multiples (no single-selection markets). Plan five Bet Builders you can comfortably lay at the exchange.
- Because the value is split across five separate tokens, convert them one at a time over the 30-day window so you can wait for a tight Bet Builder spread on each rather than rushing all five into one market.
- Deposit with a Debit Card, Pay by Bank or Apple Pay — e-wallets like PayPal and Skrill are excluded and will stop the free bets being credited.
- You have 30 days to use the tokens, so there is no need to rush into a bad market — wait for a tight Bet Builder spread on each one.
Important Warning
Do NOT use Betfair Exchange as your exchange for this offer — use Smarkets instead. Betfair may link your sportsbook and exchange accounts. Using both Betfair products simultaneously for matched betting could flag your account and result in your free bets being voided or your account being restricted.
Key takeaways
- Betfair Sportsbook gives new customers £50 in free bets as 5 × £10 SNR tokens (not a single £50 token) after a £10 qualifying bet at Evens (2.0)
- Deposit with a Debit Card, Pay by Bank or Apple Pay — e-wallets are excluded
- Always use Smarkets (not Betfair Exchange) as your lay exchange for this offer
- Expect around £35 profit after qualifying loss and commission across the five tokens
- Each token is SNR and restricted to Bet Builders, accas or multiples — not single-selection markets — and all five expire 30 days after being credited
- Convert the tokens one at a time over the 30-day window so you can lay each at a tight Bet Builder spread
Betfair Sportsbook offer FAQs
What are the minimum odds for the Betfair Sportsbook offer?
The qualifying bet must be placed at minimum odds of Evens (2.0). Your first single bet of £10 or more at odds of at least 2.0 unlocks the free bets.
How is the £50 in free bets paid out?
The £50 is credited as 5 × £10 free bet tokens, not a single £50 token. Each £10 token is SNR and must be used on a Bet Builder, acca or multiple. Because the value is split into five smaller tokens, you convert them one at a time at the exchange rather than laying one large free bet.
Are Betfair Sportsbook's free bets stake-not-returned (SNR)?
Yes. Each £10 free bet is SNR (stake not returned), so when you use it you only keep the profit portion if the bet wins, not the stake. This is why you lay each token at an exchange to lock in a guaranteed return.
How long do the Betfair Sportsbook free bets last?
The 5 × £10 free bet tokens expire 30 days after they are credited. There is no need to rush, so you can wait for a tight Bet Builder spread before placing each token.
Which deposit methods qualify for the Betfair Sportsbook offer?
You must deposit using a Debit Card, Pay by Bank or Apple Pay. E-wallets such as PayPal, Skrill and Neteller are excluded and will not unlock the free bets.
How much profit can I make from the Betfair Sportsbook offer?
You should expect around £35 profit after the small qualifying loss and Smarkets exchange commission. The £50 is split into 5 × £10 SNR tokens, and each token typically retains around 70–75% of its face value once laid at the exchange. Exact profit depends on the odds available and the commission rate.
Related guides
- Betfair Free Bet Club — the weekly Betfair reload to run after sign-up.
- Smarkets welcome offer — use this exchange for the Betfair lay bets.
- Matchbook welcome offer — alternative low-commission exchange.
- Smarkets vs Betfair Exchange — why Smarkets (not the Betfair Exchange) is the right lay venue here.