How UK Betting Exchange Users Can Profit From Welcome Offers
August 10, 2017
When matched betting, you will need to sign up to at least one betting exchange in order to profit from bookmaker offers. That being said, UK betting exchange users can also benefit from welcome offers from the exchanges themselves, which can come in the form of cash back on commission paid or a free bet if your first lay bet loses. Here, we will have a look at the different betting exchange welcome offers that you can turn into profit.
To begin, Betfair Exchange have earned a solid reputation for being the most used betting exchange and it’s easy to see why. The site is simple to navigate, they list the most markets and they usually have money in each pot to match your bets. They also offer a risk free £20 bet for your first selection on the Exchange when using the relevant promo code. This means if your first bet loses, they will refund you up to £20 as a free bet. A simple offer, that can easily be turned into around £11 cash when matched betting.
The welcome offer available from close rival Smarkets is a similar one, though this time it is a £10 risk free bet. The difference here though is that Smarkets will refund you up to £10 in cash for any losses, providing you have deposited at least £20. Due to the nature of the offer, the profit will end up as the full £10 when following the MatchedBets.com offer guide.
Up To £500 Cashback
One of the most valuable exchange offers comes from Matchbook. They have recently announced that they are offering the chance to earn up to £500 cashback in your first 5 weeks. The way this offer works is that for every £5 in commission you pay, you receive £5 back as cash. Thus, depending on how many exchange bets you will be placing in 5 weeks, the offer is worth between £5 and £500. This offer will be particularly valuable to those matched bettors that stake large sums of money.
Not to be forgotten, the welcome offer from Betdaq can leave you with extra money in your pocket. This is a different kind of offer, as once you enter a promotional code you will pay no commission in your first 30 days of holding an account. During this time, you will be able to add to profits with any wins at the exchange, as you will not have to part with the usual 5% commission. When using our matched betting calculator for this, you will simply be able to enter the commission to 0.00 and the calculator will work out the rest.
For full information, you can check out the offer guides in our members section. One thing is for sure, when placing your lay bets at the exchange for bookmaker offers, be sure to benefit from these exchange offers too.