Expected Profit – £22.50
Open a new account with Paddy Power today and get 3x £10 risk frees. To maximise the return on this offer you will need to deposit £30 and place three bets of £10 (maximum) and Paddy Power will give our stake back as cash if our bet loses.
Paddy Power Offer Information
- Promo Code: YSKACE.
- Deposit: £30
- Qualifying Bet: £10 (Max)
- Stake Returned: Yes
- Minimum Odds: N/A
- Free Bets: 3x £10 bet refunds if you lose
- Expiry: Bets are valid for 72 hours
Before You Start:
Before you claim the offer and start making money you will need to open an exchange account if you have not done so already. To start with we recommend that you use Betfair to place your lay bets.
**Paddy Power is part of the same group as Betfair so it is advisable to use the Smarkets betting exchange for this offer.
For more information on exchanges and matched betting strategies please check out our beginners guide
Open Your Paddy Power Account:
To claim this offer click on the link below and follow the sign up instructions on the website. You will need to deposit a minimum of £5 in order to place your qualifying bet.
Your First Deposit:
To complete this offer we will need to deposit £30 for the 3x £10 risk free bets. Although this can be done in £10 chunks.
Pro Tip: Paddy Power has regular reload offers for racing and football and also has a good weekly bet club, so if you can it is advisable to put in a bit extra than the minimum to make you look ike a real punter.
Set Odds to Decimal:
Once you have created your new account you will need to re-set the odds type to ‘Decimal Odds’. To do this you need to scroll down and select the ‘Decimal‘ option at the bottom of the left-hand menu a shown below..
Placing Your Qualifying Bet:
In order to place our first qualifying £10 bet we need to find a bet. Unlike free bet offers, with risk free offers, we want to find betting opportunities with higher odds.
Example Bet: Using the matched betting calculator we can work out the profit/loss for a fictitious football match where we have placed a back bet on team A (to win) at odds of 9.00 and a lay bet (to lose) is placed on the exchange at odds of 9.20
By entering the back stake and odds into the bet calculator we can see that our qualifying lay bet of £9.84 will make a small loss of -£0.69 .
*If you are using OddsMonkey to find your qualifying bets the you will need to set your filters to PaddyPower and minimum back odds to 5.00
Placing Your Free Bet:
If your bet lost then Paddy Power will refund the bet stake as cash once the bet has settled. Using the same strategy we should be able to convert 80% (£8.00) of the refunded bet amount into cash.
We now simply need to repeat step one only this time ensure you have set the matched betting claculatir to ‘Free Bet (SR)‘ as the stake is included in any returns.
As the bet stake is refunded as cash it does not matter what odds you target. Personally I like to go at odds of around 4.00 to try and keep my winnings within my exchange account.
*If you are using OddsMonkey to find your qualifying bets the you will need to set your filters to Paddy Power and minimum back odds to 2.00
Your Free Bet Profit:
This Paddy Power offer gives us three risk free bets. If all three of our qualifying bets lose yous hould be able to get 75% of the refund value, giving you a profit of up to £23.50 from our matched betting strategy.
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