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Paddy Power have an offer going on for new and old customers: on the 14th, 15th, and 16th of March, you can claim a £5.00 free bet per day for use on one of the specified matches per day.
https://promos.paddypower.com/promotion?promoCode=cheltfreebets
The caveats:
- The promotion is available for new and existing customers with registered Paddy Power accounts, aged 18 or over
- Customer must have previously deposited with a debit card or Apple Pay previously to avail of the offer
- PayPal customers after 14th March date are not eligible for the promo
- First Free Bet must be used on the 13:20 Supreme Novices Hurdle at Cheltenham on Tuesday (March 16th)
- Second Free Bet must be used on the 13:20 Ballymore Novices Hurdle at Cheltenham on Wednesday (March 17th)
- Third Free Bet is open to all races that day and must be used by the 16:50 Kim Muir Challenge Cup Handicap Chase at Cheltenham on Thursday (March 18th)
You can either punt these free bets, which I might as I don't have the cash to lay them off on the horses, or matched bet them for a few quid profit (if you're smarter than I am, you can make a few quid guaranteed doing this).
If you haven't already signed up for Paddy Power, you can also score their welcome offer to win a decent chunk of change, if you matched bet the £10.00 free bet they give you. You'll need £20.00 for this in total, if you use Smarkets (as the minimum deposit amount on Smarkets is £10.00 and the Paddy Power offer is £10.00).
https://promos.paddypower.com/choose-your-friends-with-benefits-offer?referrerCode=V4JJURCNL
After signing up, depending on what offer you choose, you can matched bet the £10.00 free bet for a small profit of around £5.00--£6.00.
It's best to back and lay the team whose sportsbook odds and exchange lay odds are the closest. It's also best to bet on football or horse racing as some exchange and sportsbook rules don't line up with certain sports like tennis.
After you receive you free bet, go for teams/horses with higher odds but whose odds are close to one another on the exchange e.g. 5.0 and 5.2 to squeeze as much as you can out of the free bet.
One quick note about matched betting: never try to use a site's own exchange to play off one of their sportsbook offers. If you use the Betfair Exchange to lay off a Betfair Sportsbook bet, for example, you'll be flagged and banned very quickly. It's best to use Smarkets for Betfair offers. Some people have claimed that using Betfair to lay off Paddy Power bets also flags you, but I've personally never experienced this in the years I've been matched betting.
Anyway, Smarkets have a pretty nice sign-up bonus that refunds you losses up to £10.00, which you can bounce off the Paddy Power offer/its free bet. You can read the full terms here:
https://help.smarkets.com/hc/en-gb/articles/212031529-Welcome-bonus-terms-and-conditions
Now, people rave about Oddsmonkey, but there was an amusing scandal a few months back where it was proven that they were stealing offers and content from Profit Accumulator.
Basically, PA hid watermarks in their assets, and when OM posted them? PA pointed out the watermarks! I was honestly laughing at that.
Anyway, PA offer a great, basic calculator tool -- you don't even need to sign up for them, though I encourage you to, especially around this time of the year (free money, after all).
https://www.profitaccumulator.co.uk/calculator/
Just remember to put in the commission (2% for Smarkets and 5% for Betfair).
Use 'Normal' mode for the qualifying bet, and then Free Bet (Stake Not Returned) for £10.00 free bet.
I hope this helps people: let's nab a few quid, people! :D
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