When you register as a new customer with RedArmyBet, you can get £10 worth of bonus funds when you deposit your first £10. This is a very good offer to complete when matched betting, and you should be able to make an expected profit of around £7 when finished.
We always advise depositing all funds using a debit card, as a credit card could incur excess charges and other methods may exclude you from claiming the bonus. There is no need to opt-in to the bonus, simply deposit your first real money amount of £10 or more and the bonus will be credited into your account.
You will not be able to withdraw this immediately though, as there is a 3x wagering requirement placed on the bonus by the bookmaker. This means that we will have to place bets that total £30 before we are able to withdraw the bonus money from RedArmyBet. You must be aware that these bets all must be at odds of 1.50 (1/2) or greater.
Though you will be able to withdraw your £10 in real cash after it has been wagered once, it is best not to do this before the bonus wagering is complete, as the bonus funds would be forfeited. Real money will also always be used before bonus money, so keep this in mind when placing bets. In order for a bet to count towards wagering, it must be placed on a sports market, casino games will not count.
The strategy for getting the most out of this bonus when matched betting is to first find a good match for your first bet, meaning that the odds are close between those on RedArmyBet and those on the exchange. This means that you can keep any wagering losses to an absolute minimum. You also need to take into account that the bonus is subject to a maximum pay out of £1000, so don’t bet on anything that could win more.
If the first back bet then loses, you are finished with the offer as you will have made your profit on the exchange. If it wins, you will need to complete the wagering or lose the balance, whichever comes first. Make sure the wagering is complete within 30 days. If it isn’t, the bonus funds will be lost.
RedArmyBet sportsbook provides odds and markets for most major sports, and offers particularly good value on matches involving Manchester United. They are fully licensed and regulated by the UK Gambling Commission, so you can consider it to be a safe and secure place to do your betting.
With MatchedBets.com, you will be able to follow the step by step guide for this offer in order to make an expected profit.