What Is A ‘Bet X, Get X’ Offer?

A ‘Bet X, Get X’ offer is an incentive bookmakers use to place a bet first using your own real cash in exchange for a bonus from the bookmaker. These types of offers often give out the same amount you put in such as ‘Bet £20, get £20’ but sometimes the bookmakers can offer more with conditions tied to them such as ‘Bet £10, get 5 free spins’ or ‘Bet £5, get £5 in bet credits’. The bonuses usually equate to the amount of your first real money bets, yet on occasion they may be smaller or larger such as ‘Bet £20, get £10’ or ‘Bet £20, get £40’ depending on the bookmaker.

How Do Bet X, Get X Offers Work?

Once the first qualifying bet has been settled, the ‘Bet X, Get X’ bonus will then be deposited into your account. It is standard for the bonus to be locked into the account and unable to withdraw instantly as the bookmaker expects the bonus funds to be placed on more bets on the same site. Bookmakers offering items such as free spins and bet credits use these to ensure the user is sticking to the site and using the promotions on the same site. 

Some of these offers require you to ‘opt in’ to an offer, or use a special promotional code. Therefore, make sure you check through the terms and conditions before claiming. As these offers are usually promoted on most betting sites, signing up to multiple different sites and using the free offers you can get could be advantageous.

Bet X, Get X Examples 

Bookmakers currently offer a variety of different free bets and incentives, most of these ‘Bet X, Get X’ offers come around major sporting events such as football tournaments or horse races. However, free bets may be on offer across the board for new sign-ups, with many of the most popular UK bookmakers offering free bets to new customers who might choose to start up an account.

Paddy Power is currently offering new accounts: ‘Bet £20 and receive £20 cash back if your first bet loses’. These bets are often named ‘risk free’ as the potential loss is covered, meaning you could get back the same amount that you put in. This is just one of many Paddy Power free bets available on their site.

Another example would be from Bet365 with the current new customer offer being: ‘Bet £10 – Get £30 Free bet’. This means you have to bet £10 of your own money to then unlock the £30 in free bets. For existing Bet365 customers, the site frequently offers free bets all-year round with most free bets being released around sporting events such as Wimbledon. Check out more about how to use Bet365 free bets.

William Hill offers free bets to people who have never had a William Hill account before, yet existing customers are also offered reload offers and random free bet offers, again usually around major sporting events. New players must deposit and make a bet of at least £10 to receive these free spins, and upon doing so, these should be added to your account immediately. Read our William Hill free bet guide for more information.

Using Bet X, Get X Offers For Matched Betting 

As the bookmakers offer out free bets to bet on their respective sites, this presents opportunities to create a matched bet. Matched betting involves backing an outcome, and placing a lay bet on that same outcome not to happen. An example of this could be placing a back bet on England to win a match, and then placing a lay bet on England to not win the match, with this essentially covering all potential eventualities. 

Now, this is where the ‘Bet X, Get X’ offers could be crucial as you can bet on one outcome, work out what the stake would offer, and then use that amount to bet on the lay bet. Making sure the stake matches up with the real funds you have placed is key, otherwise there is a chance of potentially losing money. Using matched betting successfully takes away the risk aspect and relies on precise and careful mathematics to ensure any losses are covered. Make use of our free matched betting calculator for any matched betting calculations.

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About the author:

James OddsMonkey

James OddsMonkey

James' background in IT support and matched betting knowledge is how he's ended up at OddsMonkey updating offer, answering tickets and generally being super helpful.

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