Betway - Four bets, Free bet promo


Betway are offering a free €10 bet if you place 4 bets on in-play tennis, and a similar promotion on basketball. Read the terms on the website for which tournaments are eligible for this offer.

 The strategy here is:

 1. Place 4 low risk bets at 1/2.
2. Use the free bet on horses priced around 9/2.

We use 1/2 for our real money as the terms state this is the shortest eligible odds for the promo. There are two reasons that we go for the shortest odds - 1) its the minimum risk and 2) bookie's generally operate a lower edge on short odds.

 I have data and experience that suggests 9/2 is the best price for the free bet where your stake is not returned. An even shot wins you €10 about half the time (a €5 long term expectation), 9/2 wins you €45 about 2 times out of 11 (a €8 long term expectation). Detailed information on using free bets here.

The final numbers should see you staking €80 (4 by €10 on the tennis and the same on basketball) per day to win €20 in free bets. My rule of thumb is that you will lose 10% of your real money to the bookie and you will convert 70% of your free bets into actual cash. This works out that you give the bookie €8 per day and he gives you back €14 - for a rough estimate of €6 profit per day, or €42 per week. 

This is working out for me in theory and in practice.


I seeded my betway account with €30 at the start of September, and now at the end of October I have already withdrawn €100 and my balance sits at €152.50.

 Below is my finest run of luck for a long time.



My other favourite promotions to play these days are both on Paddy Power:

 Money Back as a free bet if your horse finishes second.
Bet €20 on live Premier League matches and get €10 free.

Also worth mentioning is Skybet who have bet 25 get 10 free on the some championship matches, some good promo's on the horses, and a free €5 bet per week.

 Finally betfair promo's that I am playing are the 3/1+ on live Channel 4 horse races and the 2/1+ on the live Sky dog races.

 Follow me on twitter.

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