SkyBet £20 Free Bet for New Customers
SkyBet Sign-Up Offer Overview
Minimum deposit needed: £5
Exchange balance required: £60-£90 (we recommend using Smarkets)
Free bet value: £20 (credited as 2 x £10 free bets)
Expected profit: £14
Disclaimer: UK only. Whilst we do our best to update instructions, it is your responsibility to check the terms and conditions for this offer on the bookmaker’s site to ensure you meet the requirements for receiving and using bonus funds. If you notice any changes to the SkyBet offer or terms, you can let us know in the comments section at the bottom of this page.
We do not link to Sky Bet directly because we do not believe in having any affiliation with, or tie to, bookmakers. Bookmaker affiliates profit from your losses and that is not what we’re here for.
Minimum odds: 2.0
Minimum bet stake: £5
Open up the oddsmatcher and search for a suitable bet with odds of at least 2.0.
Follow our recommended oddsmatcher instructions if you’re unsure what to do here.
Calculating the lay stake
Open up our calculator and input your stake, back odds, the lay odds on Smarkets, and the Smarkets commission of 2% (or 0% if you’re on a promotional deal).
The above calculator screenshot uses dummy odds for the purpose of the example. You will need to ensure you input the odds from SkyBet and the lay odds from Smarkets correctly.
Your back stake is £5.
Your back odds is the price you took on SkyBet (minimum of 2.0).
Your lay odds is the lay price available on Smarkets (probably slightly higher than the back odds).
Follow the calculation and lay the recommended stake on Smarkets.
You’ll see the calculator say ‘At odds of Y you could lay £X.XX’.
Lay the calculated figure using the blue ‘lay’ box next to your team on Smarkets.
The liability is the amount you need in your Smarkets balance. In our example, we’d have a liability of £5.78 by laying our stake at 2.2.
You will lose a small amount in this qualifying bet. We lose 28p in our example.
Value: £20 (2 x £10 free bets)
Recommended odds: 4.5 to 6.5
Open up the oddsmatcher and find a suitable bet.
Once your free bet has been credited, it’s time to earn your profit.
Load up the calculator to input your odds and calculate your lay stake.
Change the calculator’s bet type from ‘Normal’ to ‘Free Bet (SNR)’.
You’ll now be given the lay stake you need to lay on Smarkets and the amount of profit you will make.
Place your free bets on SkyBet and then lay using the calculator’s figure.
In the example, using odds of 5.25 on Sky and with lay odds of 5.7 on Smarkets, we make £14.66 profit.
Our liability is £70.31, meaning we need this much in our Smarkets account. If you choose lower lay odds, you’ll require a lower balance but will also be likely to make a smaller amount of profit.
Subtracting the qualifying loss from the first bet, which was 28p, we are left with £14.38 profit in the example.
Subtract your own qualifying loss from your free bet profit so you can track your overall profit from the offer.
Consider placing a mug bet before withdrawal if you win at the bookmaker.
Once you are done, you can move onto completing one of the next sign-up offers.
Information About SkyBet
You can change the odds from fractional to decimal by clicking on the little ‘person’ icon in the top right of the screen.
Scroll to ‘Your Account’ and then click ‘Edit Account Details’, followed by ‘Odds Format’.
Change the odds to decimal in the settings and then click ‘Submit Changes’.
Also worth noting is that SkyBet has a weekly free bet club. As long as you bet £25 each week (that can be laid off like a normal qualifying bet) you will receive a £5 free bet.
Sky are an exceptional bookmaker for ongoing reload offers so be sure to keep the account in good health.
Sky also have the well-known free competition ‘Super6’ in which you can enter 6 correct score predictions in an attempt to win a quarter of a million pounds – sometimes up to a full one million.
Now you can move onto completing another sign-up offer; check out our full list here.
About the Author
This post was written by Luke Jordan. Luke founded Beating Betting at the start of 2016 and ran the site until February 2020. He is passionate about entrepreneurship, marketing and video creation.