New customer offers come in various forms with free bets being the most common. However, some bookmakers offer customers bonuses which work slightly differently. With free bets, the stake is not returned and you only keep the winnings from the bets you place with them. With bonuses, their value is credited as cash. Bonuses are generally credited instantly after making a deposit and so you obviously won’t be able to simply withdraw them straight away. Instead, you must wager the bonus a set amount of times, after which, you can withdraw your deposit, bonus and any winnings.
Mansionbet is a bookmaker which offers new customers a bonus when registering and making their first deposit which can be worth between £20 – £40 profit when matched betting, making it a very good offer.
Register with Mansionbet using the promo code MB50 and receive a 50% bonus on your first deposit up to £50
Estimated Profit: £20-£40
Mansionbet Offer Guide
Step 1: Open an account with Mansionbet
Click here to visit Mansionbet and sign up for a new account.
Step 2: Make a deposit (Don’t forget to enter the promo code!)
You now need to make your first deposit to receive your bonus. The maximum bonus you can receive is £50 and as it’s a 50% deposit bonus, you need to deposit £100 in order to receive the maximum amount. Be sure to enter the promo code MB50 when making your deposit.
Step 3: Place your bets
After making your first deposit, you should see the bonus in your account. If you deposited £100, you will have £100 cash and a £50 bonus. The deposit + bonus needs to be wagered six times before you can withdraw your bonus or any winnings but we’re hoping to lose our first bet with Mansionbet and win on the exchange which would mean that we don’t have to complete the wagering and should make around £40 profit.
Finding a bet
You now need to find a good match for your first bet. You can use the OddsMatcher on ProfitSquad to do this or you can find a match manually. You’re looking for a bet where the back odds on Mansionbet are close to the lay odds on a betting exchange such as Betfair Exchange, Smarkets or Matchbook. You can bet on any sports so long as the odds are 1.8 or greater.
If you choose a bet with higher odds, you’re more likely to lose on Mansionbet which means you won’t have to complete the wagering. However, be aware that if it wins, you will have funds tied up until you do complete the wagering.
When calculating your lay stakes, use ‘normal’ on the calculator as your stake is returned since it’s a bonus and not a free bet. You may consider using the ‘underlay’ option on the calculator which means that if your bet wins with Mansionbet, you won’t incur any qualifying loss meaning that you retain 100% of your bonus. You will suffer a slightly higher loss if your bet wins with the exchange but you won’t have to complete the wagering and should still make a profit of around £30.
Step 4: Completing the wagering
If your initial bet loses with Mansionbet and wins on the exchange, you are done with the offer and should make a good profit of around £30-£40. If your bet wins with Mansionbet, you will have to keep placing bets and laying them until you have either wagered 6 x your deposit + bonus or have lost the funds in Mansionbet. Either way, you should make a good profit.
Ready to get started?
This is a great offer from Mansionbet which can return a profit of between £20 – £40. The aim is to lose your initial bet with Mansionbet and win on the exchange which means you don’t have to complete the wagering.
If you’re ready to get started, you can click the button below to sign up to Mansionbet or if you’d like to read the full step-by-step guide for this offer and have access to helpful matched betting tools such as the OddsMatcher and Calculator, you can join ProfitSquad today for just £1 by clicking here.
Mansionbet New Customer Offer Details
- 50% bonus on your first deposit up to £50
- Promo code MB50 must be entered upon making a deposit to receive the bonus
- Minimum odds for wagering is 1.8
- Deposit + Bonus must be wagered x6
- Min deposit £10 (UK Credit/Debit cards only)
- Max bonus amount £50
- Deposit using bonus code “MB50”
- Deposit and bonus amount must be wagered 6 times (min odds 4/5) prior to bonus funds and associated winnings becoming withdrawable
- Further T&C’s apply. Begambleaware.org