How To Profit From The Totesport £25 Free Bet
September 4, 2017
Some online bookmakers have a different slant on signup offers and the Totesport £25 Free Bet is a prime example of this. The different mechanics of the offer probably won’t bother the average punter but absolutely must be taken into consideration when matched betting. In this article we will explain how the promotion works and how you can use the Matched Bets calculator to lock-in a profit.
At this point you may be wondering what matched betting is. In short, it’s a technique of exploiting bookmaker offers to make money online. It’s completely legal, is not gambling and all MB earnings are tax-free. To get an idea of how it works, take our 14 day trial today for £1 and get access to over £1,000 worth of bookmaker free bets & bonuses as well as step-by-step guides on how to do so. Further details can be found at the bottom of this page.
How The Totesport £25 Free Bet Works
The Totesport £25 free bet is not like a standard free bet offer. Usually you will place a bet and then receive a free bet in return. With this offer, the free bet is only issued if your first bet with the bookmaker loses. This kind of offer is commonly known as a risk-free bet.
As with all bookmaker offers, it’s important to be aware of the terms. It’s available to new customers only. After creating a Totesport account, you will need to make a deposit. It’s best to use a debit card for this. E-wallets and prepaid cards are exempt and credit cards will result in additional charges.
Once you have made a deposit, you must place a real money bet. This must be a bet on the sportsbook, placed within 30 days of opening an account. You can bet as little as £1 up to as much as £25. There are no minimum odds requirements to meet.
If your first bet wins, it will be settled as normal and you won’t get a free bet. If your first bet loses, you’ll get a Totesport free bet token within 48 hours. Once issued, you will have 7 days to use the free bet. If you back a winner with the free bet, the stake will not be included with any returns.
Use The Matched Bets Calculator To Guarantee A Profit
Standard matched betting practice is to place a back bet with the bookie and a lay bet with a betting exchange to qualify for a free bet. Because this offer relies on the qualifier being a loser, we need to be a little more clever about how we do this. Luckily our bespoke matched betting calculator has a function that allows you to lock-in a profit regardless of the outcome of your first bet.
Totesport is included in the Matched Bets odds matching software, which is a feature of premium membership. It will find suitable bets based on your search criteria and our guide for this offer even has a preconfigured version for your convenience. So all you need to do is click or tap one of the matches to populate the matched betting calculator.
Let’s say you pick Rockley Point to win the 5:00 Brighton. The back odds are 14/1 (15.00) and the lay odds with Smarkets are 16.00. Using the drop-down menu you select the ‘Freebet on Loss’ calculator function. This generates some extra fields which need to be filled in. You enter a back stake of £25, a free bet amount of £25 and leave the free bet retention at 80%, as this is the amount of cash we expect to extract from a free bet.
With this information entered, the calculator will tell you how much to lay at Smarkets. It recommends a lay stake of £22.22 which has a liability of £333.30 – this is the amount of cash you will need in the exchange to cover the bet. It’s always best practice to place the bookmaker back bet first, before going ahead with the lay bet.
With your bets placed there are now two possible outcomes but you will make a profit either way.
- If the horse wins, then you will be paid £375 by the bookmaker but lose £333.30 at Smarkets. Taking your £25 stake into consideration, this is a final profit of £16.70.
- If it loses, you will lose the £25 stake but make £21.77 at Smarkets (£22.22 – 2% commission). You will also have a £25 free bet which is worth £20 cash. This makes your final profit £16.77.
So as you can see, the matched betting calculator has done all of the hard work for you. In total it has nine different modes, keeping you covered in a range of scenarios. It’s an industry leading tool that can be called upon in almost any situation to turn bookie offers into cold hard cash.
More Totesport Betting Offers
A common misconception of matched betting is that it’s all over once you have completed the signup offers. This simply isn’t true. Online bookmakers are keen to keep you betting with them, so will offer a range of existing customer offers to tempt you in. These ‘reloads’ enable you to make money month after month.
Totesport runs regular money back specials. Staying true to the firm’s roots, these are mainly focused on horse racing. For example, you can get money back on selected races when your horse finishes second. Although it’s not possible to guarantee a profit from this, you can use matched betting to make it pay in the long run.
There’s also a bonus offer called Double Delight/Hat-Trick Heaven. It pays double odds on selected football matches if your winning First Goalscorer selection goes on to score again. If they add a third goal, then you’ll get paid treble the standard odds. The bonus is paid in cash, so this is a potentially lucrative promotion.
Full offer instructions for all Totesport offers is included with MatchedBets.com premium membership. You will also get all of the support and tools you need to be a successful matched bettor. Scroll down to see our current pricing plan.