Payment systems

Stake Not Returned

Free Bet – Stake Not Returned

Ok so we have placed our Qualifying bet and made a little loss in the process, but now comes the part we have been looking for. You now get the chance to place your Free Bet.

You’ve checked the terms and conditions and determined that the Free Bet is Stake Not Returned. That’s ok, we can still make this work.

Example

We place a bet at the odds 7.0 on Team A to win the match.

We bet the Free £10 stake that the bookmaker has given us, but remember that as this is a stake not returned bet, we need to subtract the original Free Bet stake.

This means that if our bet wins we earn:

(7.0 x Stake) – Stake = (7.0 x £10) – £10 = £60

We are placing this bet above but we want to match it, so that either way we walk away with as much of the Free Stake as we can.

So what are the Rules for this type of bet – Stake Not Returned?

Free Bet Rules (Stake Not Returned)
Stake Not Returned
  1. Look for Longer Odds, at least 7.0, in order to maximise our return
  2. Ensure the odds you find meet the minimum requirement in the Term’s & Conditions (if there are any), this isn’t usually an issue as we are using longer odds anyway.
  3. Find the closest matching odds between back and lay bets
  4. Always place the Back Bet first, then the Lay
Now we believe we’ve found our odds the next step is completing the Match Betting Spreadsheet so……
Step 1. Fill in the “Bet Stake” box with the amount we are going to bet
In the example above this would be £10
Bet Stake
Step 2. As this is a Stake Not Returned Bet, we also enter our original £10 Free Stake in the “Stake Forfeit” box.
Stake Forfeit
Step 3. Enter the odds that we have found at our bookmaker and at Betfair.
  • Back odds (bookmaker) into the “Back Odds” box.
  • Lay odds (Betfair/Excahnge) into the “Lay Odds” box.I will use 7.1 Back and 7.15 lay in this example.
Back Odds Lay
Step 4. We’re Finished!

If the odds look ok and the spreadsheet is telling us that we will only lose a small amount on this bet (no greater than £2 as it is only a £10 free bet (even that is quite big), then we can go ahead and place our bets.

Alternatively go back and find better odds for less of a loss on the free stake.

Remember, we want to keep as much of the free stake as we can. This will be our profit.