Paddy Power: Bet £5 Get £40 in Free Bets
- How the Bet £5 Get £40 offer works for new UK & ROI customers
- How to place the £5 qualifying bet at min odds EVS (2.0)
- How to extract ~£30 profit from £40 in SNR free bets
Offer Summary
Place a £5 qualifying bet at minimum odds of EVS (2.0) and Paddy Power credits you £40 in free bets. The free bets are SNR (stake-not-returned) and valid for 30 days, so you extract their value with a back/lay at higher odds. Paddy Power also runs a racing variant, Bet £10 Get £50, if you prefer a horse racing focus.
What You'll Need
- A new Paddy Power account (never had one before)
- A betting exchange account (e.g. Smarkets or Betfair Exchange)
- £5 for the qualifying bet (Debit Card, Apple Pay or Pay by Bank)
- £50–£80 in your exchange account for lay bet liabilities
- A matched betting calculator to work out lay stakes
Step-by-Step Walkthrough
Sign up at Paddy Power
Visit the Paddy Power website and create a new account as a UK or ROI customer. Complete all the registration details and make sure the Bet £5 Get £40 in Free Bets offer is applied to your account. Look for confirmation on the registration page or in a welcome email.
Deposit £5
Deposit at least £5 into your Paddy Power account using a Debit Card, Apple Pay, or Pay by Bank. Other deposit methods such as e-wallets may not qualify for this offer, so stick to one of these three.
Place the £5 qualifying bet at min odds EVS (2.0)
Find a selection at Paddy Power priced at EVS (2.0) or higher with closely matching lay odds on the exchange. Place a £5 back bet — for example, a football team to win at 2.05. This is your qualifying bet, and it is what unlocks the £40 in free bets.
Lay the qualifying bet at the exchange
Go to your exchange and lay the same selection at e.g. odds of 2.08. Plug the bet into the matched betting calculator to get the exact lay stake (around £4.90 in this example). The qualifying loss is tiny — typically a few pence up to around £0.30 — because you are matching both outcomes.
Receive and extract your £40 in free bets
Once the qualifying bet settles, Paddy Power credits £40 in SNR free bets. Because the stake on a free bet is not returned, you extract value by placing each free bet at higher odds (around 4.0–6.0) and laying it on the exchange.
For example, use a £40 free bet on a selection at 5.0 at Paddy Power and lay it on the exchange. An SNR free bet at these odds retains roughly 75–80% of its face value as locked-in cash — around £30–£32 from the £40.
Withdraw your profit
Once all free bets have been laid and settled, withdraw from both Paddy Power and your exchange. Total profit: ~£30 across the £40 of free bets, minus the tiny qualifying loss. Remember the free bets expire 30 days after they are credited, so don't leave them sitting in your account.
Worked Example
Numbers below assume a £5 qualifying bet at 2.05, laid at 2.08, then £40 of SNR free bets extracted at 5.0 laid at 5.2. Adjust to your exchange commission and the actual odds available.
Step 1: The £5 qualifying bet
| Step | What you do | Approx. result |
|---|---|---|
| Back bet | Back £5 at 2.05 (Paddy Power) | Stake £5.00 |
| Lay bet | Lay £4.90 at 2.08 (exchange) | Liability ~£5.29 |
| Qualifying loss | −£0.20 |
Step 2: Extracting the £40 in SNR free bets
| Step | What you do | Approx. result |
|---|---|---|
| Free bet | Back £40 free bet at 5.0 (Paddy Power) — SNR | +£160 if it wins (winnings only) |
| Lay bet | Lay at 5.2 (exchange) to cover both outcomes | Retains ~£30 net of stake and commission |
| Total | ~£30 profit |
After the tiny ~£0.20 qualifying loss, extracting the £40 in SNR free bets at higher odds nets around £30 profit. The exact figure depends on the odds you choose, your lay odds, and exchange commission — higher back odds generally extract a slightly higher percentage of the free bet value.
Paddy Power-Specific Tips
- Racing variant: Paddy Power also runs a Bet £10 Get £50 in Free Bets offer aimed at horse racing. If you bet on the races, that variant gives a slightly bigger free-bet pot — compare both on the offers page before you sign up.
- The £40 is paid as SNR free bets (stake-not-returned), so place them at higher odds (around 4.0–6.0) to extract the most value. The higher the odds, the larger the percentage of the free bet you keep.
- Deposit with a Debit Card, Apple Pay, or Pay by Bank — these are the qualifying methods. Depositing with an e-wallet can void the offer.
- Paddy Power and Betfair are owned by the same company. If you already have a Betfair account, you can still open a separate Paddy Power account as they are treated as distinct bookmakers.
- Check your “My Offers” section in the Paddy Power app or website to confirm the Bet £5 Get £40 offer is active on your account before placing your qualifying bet. The free bets expire 30 days after they land.
Common Pitfalls with Paddy Power
- The £5 qualifying bet must be at minimum odds of EVS (2.0). A bet placed below 2.0 will not trigger the £40 in free bets, so always check the odds before confirming.
- Deposit using a Debit Card, Apple Pay, or Pay by Bank. Depositing via an e-wallet or other excluded method can void your eligibility for the offer.
- The £40 free bets are SNR (stake-not-returned) and non-withdrawable. You cannot cash them out directly — you must lay them off to turn them into withdrawable cash.
- The free bets expire 30 days after they are credited. Lay them off in good time or you lose them entirely.
- Don't use Betfair Exchange to lay your Paddy Power bets if you're worried about linked accounts. While they're treated as separate bookmakers, some users prefer to use Smarkets as their exchange instead to keep things completely separate.
Key takeaways
- Bet £5 at min odds EVS (2.0) to receive £40 in SNR free bets
- Deposit via Debit Card, Apple Pay or Pay by Bank; new UK & ROI customers
- Free bets are stake-not-returned and valid for 30 days
- Extract the £40 at higher odds (4.0–6.0) for ~£30 profit
- A racing variant, Bet £10 Get £50, is also available
Paddy Power offer FAQs
Are the Paddy Power free bets stake-not-returned (SNR)?
Yes. The £40 you receive is paid as SNR (stake-not-returned) free bets, so only the winnings are returned, not the stake. To extract the most value you place each free bet at higher odds (around 4.0 to 6.0) and lay it on an exchange, which retains roughly 75 to 80 percent of the face value as cash.
How much profit can I make from the Paddy Power offer?
After a tiny qualifying loss of a few pence to around £0.30, extracting the £40 in SNR free bets at higher odds typically nets around £30 profit. The exact amount depends on the odds you choose, your lay odds, and exchange commission.
What are the minimum odds for the Paddy Power offer?
The £5 qualifying bet must be placed at minimum odds of EVS, which is 2.0 in decimal. Bets placed below 2.0 will not trigger the £40 in free bets, so always check the odds before confirming the qualifying bet.
How long do the Paddy Power free bets last?
The £40 in free bets are valid for 30 days from the date they are credited. They are non-withdrawable, so plan to lay them off before they expire. To qualify you must deposit via Debit Card, Apple Pay, or Pay by Bank as a new UK or ROI customer. Paddy Power also runs a racing variant, Bet £10 Get £50, if you prefer a horse racing focus.
Related guides
- Paddy Power Acca Insurance — the best recurring reload once your sign-up is done.
- Paddy Power Daily Rewards — small, frequent promos for regular Paddy Power users.
- Sky Bet sign-up offer — another Flutter-group bookmaker with a similar feel.
- Matched betting calculator — size your lay stake precisely for Strategy A or B.