Risk-Free Betting Offers Explained

A no risk matched betting strategy can be applied to the offers that give you money back if the selection you have chosen loses. This can be credited as a free bet or a cash bonus, and this type of offer comes in many different forms. What exactly are risk-free ‘money back if loss’ offers though? We will explain everything in this guide.

What are they?

Risk-free offers essentially give you your stake, or part of your stake, back as either a free bet or bonus should your selection fail to win. To take part in an offer like this, you have to place a bet with the bookmaker using your own money. It is often the case that bookies will offer this to new customers, but there are also many occasions where existing customers can profit from this type of offer too. Through following matched betting strategies, you will be able to easily guarantee a profit from these risk-free offers.

How to complete a risk-free offer

The way you should look to complete these offers includes the help of our matched betting calculator, which is an absolutely essential tool when looking at any matched betting offer. Of course, the first thing you need to do is find a relevant offer. As a premium member of Matchedbets.com, this will not be a problem at all. You can either head to our New Customer Offers page and look for offers marked as ‘Money Back If Loss’, or you can have a look through the Existing Customer Offers, where you can filter to only show Money Back If Loss offers.

Once you have found a relevant offer, you will need to open up the matched betting calculator. Depending on the terms of the offer and how the potential refund is credited, you will need to select the ‘Freebet on Loss’ function if the refund is paid as a free bet, or ‘Bonus on loss’ if it is paid as a bonus. Either way, these offers should be very profitable for you.

When using Freebet on loss

• Set the Back Stake
• Set the Back Odds
• Input the Free Bet amount
• Keep the Free Bet retention amount at 80%
• Keep the Back Commission at 0.0%
• Enter the Lay Odds
• Set the Relevant Lay Commission %

When using Bonus on loss

• Set the Back Stake
• Set the Back Odds
• Input the Bonus amount
• Keep the Bonus retention amount at 95%
• Keep the Back Commission at 0.0%
• Enter the Lay Odds
• Set the Relevant Lay Commission %

Once all of the relevant details have been included, the matched betting calculator will then work out the ideal lay stake that you will need to place on a betting exchange in order to maximise the profit you will make from the offer. If you are unfamiliar with how betting exchanges work, a lay stake is how much you could potentially win if the lay bet wins. You will also be shown your liability amount, which is the amount of money at risk if your lay bet loses.

Examples of no risk matched betting offers

Dafabet New Customer Offer

One of the more profitable no risk matched betting offers comes from Dafabet, as they will credited you with a free bet up to £30 if you sign up for an account and your first real money bet of up to £30 loses. When matched betting, you will be able to turn this offer into around £18 in profit, which is excellent for what should not come to more than a few minutes work.

It is advised that you stick to high profile events such as Premier League football matches or big horse racing meetings as you will be likely to blend into the crowd and not have your account flagged up. It is crucial to protect your betting accounts, so that you will be able to profit from matched betting in the long run.

Before we do anything, it is very important to check the terms and conditions of the offer. Here are a few of the key points that we need to know:

• Minimum Odds for your bookmaker selection are 1.5 (1/2)
• Minimum Stake you can place to qualify for the offer is £5, the Maximum is £30
• If you make your first deposit via Skrill (Moneybookers) you will not be eligible for the offer
• If your first bet loses, the free bet will be credited within 24 hours after the bet has settled

Of course, all of these terms and conditions are listed and taken into account for the betting offer guide on Matchedbets.com. Once we know the conditions we need to meet to qualify for the offer, we can go about finding a good selection. It is important to try and find as close of a match as possible between the odds on Dafabet and the odds on your chosen betting exchange. This is so that we can maximise the profit we make, as the closer the match, the less of the free bet amount we will lose.

When searching on the Dafabet website for a good selection, you’ll make more profit by selecting bets with bigger odds but please be aware that this requires a larger balance on the exchange to cover to the lay liability. We would advise you to find a selection with odds of 8.0 or greater in order to give yourself a good profit amount when all is said and done. Then, when clicking through to the calculator, use the ‘Freebet on Loss’ function as mentioned earlier. You will need to set the back stake to £30 and enter the relevant odds and commission rates.

Place your bookmaker bet first and then your exchange bet. Make sure you then track your bet using our bet tracking tool, as this will add the final total to your ongoing profit amount. If the bet wins, you’ve made your profit and can mark the offer done. If it loses, you’ll have made a small loss but will receive a free bet to make your profit.

Using the free bet

With a losing bet, you will be given a £30 free bet which can be used to guarantee a profit. The strategy for using the free bet is simple, find a selection over 5.0 that has a good match at the exchange and use the ‘Freebet’ function on the calculator. Once you have placed you back and lay bets, you will come out with a profit of around £18.

Dabblebet New Customer Offer

The offer from Dabblebet is slightly different, as they will give you a cash refund if your first bet of £5 loses. This is a good offer as it means our potential losses should be very low, and you should be able to come out with a profit of around £4.50. Be aware of the minimum odds of 2.0 (Evens).

The strategy for completing this offer is to use the ‘Freebet on Loss’ function on the matched betting calculator and then make sure to change the freebet retention to 100% to take into account that the refund is in cash and we will not be losing any of it. The stake and refund amount should be set to £5, and try to find a selection with odds of 5.0 or more. If the bet wins with the bookmaker you can withdraw your money and have finished the offer. If your bet has lost with Dabblebet you will need to wait until the cashback is received before making a withdrawal.

Ladbrokes Existing Customer Offer

Currently being listed for the US Open tennis tournament, Ladbrokes have enjoyed offering a risk free bet for a number of big sporting events. The current incarnation is available for every day of the tournament, and in order to qualify you must place a £10 Set 1 Correct Score bet on the first match on the Arthur Ashe court each day. If your bet then loses, you will be given a free bet refund of £10 within 24 hours.

You will be able to turn this offer into roughly £5 in profit each day, meaning you could have taken £70 from the tournament. It is also likely to be offered again for big events such as Cheltenham Festival or the World Cup.

Overall, these no risk matched betting offers are extremely easy to complete and will give you a good amount of profit. Whether they are new customer or existing customer offers, you can make sure you have more money in your pocket.