Step By Step Guide

Open & Deposit

• Open your Betway account using the above button

• Once opened you will need to deposit £10.  We recommend using a debit card

• Change the odds display to Decimal.  When logged in towards top of screen.  Ensure decimal is selected

• We are now ready to proceed to Step 2 !

Find Trigger Bet

• To ensure you qualify for a free bet you need to place your first bet of £10 at odds 1.75 or above.  You can use the OddsMatcher below for this to find a suitable opportunity.  Alternatively you can manually compare the odds on Betway to the Lay odds on the Betting exchange to find a close match

• We always recommend ensuring you place all bets on a popular sporting event

• Once you have found a suitable bet please double check the odds and proceed to Step 3

Calculate Your Lay Bet & Place Bets

• Using our calculator here ensure “Normal” mode is selected and enter the “Back Stake”, “Back Odds”, “Lay Odds” and also enter your commission rate payable at the exchange

• Click Calculate – this will then display the amount you need to lay the bet at the betting exchange.  Your liability will also be displayed.  Please ensure you have at least this amount available in your exchange account so you are able to place the lay bet when required.  If the liability displayed is too high then you will either need to deposit additional funds or select a different bet with lower odds

• You will also see a small profit/loss that you will make when placing this bet.  There is no need to worry about the small loss as our profit will come when we place our free bets.  Aim to keep your loss to a maximum of £0.50

• Double check the odds are still correct at the exchange and Betway (if the odds have changed please update the calculator with the new odds)

• Once all ok place your £10 back bet at Betway

• Place your Lay Bet at the exchange

You have now placed your trigger bet and qualified for your £10 free bet.

Proceed to Step 4

Place Your Free Bet(s)

• Betway will credit your free bets instantly after placing your trigger bet

• Placing our free bet is very similar to the process of placing our trigger bet with just a few small differences

• For our Free bet we ideally need to look for close matches at higher odds (5.0+) as this increases our profit

• Use the OddsMatcher below to find a suitable opportunity or manually look for close matches between the exchange and Betway

• One important note is that the higher the odds the higher the liability and therefore the greater funds you will need in your exchange account to place the Lay Bet

• Once you have found a close match open the calculator here and ensure it is set to Bet Type = Stake Not Returned .  This adjusts the calculations for our Lay Bet to lock in a profit regardless of the result of the bet

• Again, please ensure you check the liability and if you do not have sufficient funds in your exchange account then you will need to either deposit additional funds or find an alternative bet at lower odds

• Once happy please double check the odds at the exchange and Betway, if changed please ensure you update the odds in the calculator

• Once all ok place your £10 free bet at Betway ensuring you have selected your free bet in the bet slip and not using your cash balance

• Place your lay bet at the exchange

Congratulations!  Once the bets have all settled you can withdraw any funds remaining at Betway and move on to the next offer.  If you wish you can mark this offer as completed via the button at the top of the guide so it is removed from your list of offers