YESBETS Support Articles First Bet Refund Walkthrough

How to Complete First Bet Refund Offers

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The sign up offer mention in this tutorial is no longer available. Please use this tutorial as a reference only

First Bet Refund offers will provide you with a free SNR bet only if your first bet loses. You can still extract these for a guaranteed profit and this will show you exactly how to do it. Read on to see how they work and how you can make a profit from them.

What is a First Bet Refund?

A first bet refund means that you will receive a free SNR bet only if the first bet that you place, loses. If your qualifying bet wins, you will not receive the free bet. The SNR bet will normally equal the stake of your qualifying bet. It’s a bit like giving you 2 chances of winning from the bookmaker. If you are using these for matched betting, they work in the same way as free SNR bet welcome offers, with the exception that you need to perform a slightly different calculation for the qualifying bet.

 

Place Your Qualifying Bet

The first step in extracting guaranteed profit from a first bet refund is to place your qualifying bet. If you are a Premium Member of Yesbets, we will pull the best matched bets, with all the best bets and amounts pre loaded. If you aren’t a Premium Member, follow the steps below.

The first thing to do is find a close match. For this example We’ll use Dafabet, who offer a £30 free bet, if your first bet loses. You will need to open the bookmaker website (Dafabet), a exchange (Betfair) and the matched betting calculator.

For this example we’ll use the Everton v West Ham game. Fill in the odds into the calculator as shown below. This time you want to select First Bet Refund from the dropdown in the calculator.

The back odds are 1.95 and the stake is £30. The lay odds are 2.04 and it is telling us to lay £17.34 for a liability of £18.03. The bet type selected is First Bet Refund.

Dafabet Qualifying Bet

Betfair Qualifying Lay Bet

Yesbets Dafabet Qualifying Calculator

The first thing you will notice is that if the bet wins you will make a profit of £10.47, but if the bet loses, you will lose £13.53. This is because, if this bet wins, you won’t get a free bet, but will make an overall profit of £10.47. But if it loses, you will receive a £30 SNR free bet. You will then place this to make your profit.

Place your Free Bet

If your bet wins at the bookmaker, you are done with the offer and will have made a profit. If you bet loses at the bookmaker, you will now receive a free SNR bet, in this case £30. To extract this you will need to matched bet this £30 free bet.

Let’s use the Man Utd V Wolves game as an example. Open the bookmaker site, an exchange and the matched betting calculator again.

Dafabet Free Bet

Betfair Free Bet Lay

Yesbets Dafabet Free Bet Calc

This time we’re selecting Wolves to win at odds of 6.50 at the Dafabet. The odds are 7.20 at betfair. Select Free Bet SNR from the calculator and enter the details. It should look like this:

You can see from the calculations that you will make £20.23 from this offer. Once you have taken off the £13.53 loss from our qualifying bet, you will end up with an overall profit of £6.70.

How Does it Compare to Premium Members?

Premium Members get access to our powerful OddsMatcher software, which finds all the best bets for you. Furthermore you don’t need to fill out any calculators, ensuring you make more profit from each offer. Let’s take a look at how you could perform using our OddsMatcher software.

Qualifying Bet

There is a Qualifying bet that our OddsMatcher has found for Wolves v Burnley (draw). This would yield a profit of £16.68 if it wins, but lose only £7.32 if it loses.

Yesbets OddsMatcher -  Dafabet Qualifying Bet

Yesbets Calculator Popup - Dafabet Qualifying

Free Bet

With the free bet, you can see that using the OddsMatcher we have found a bet on a horse race at Curragh 16:50 with Idaho to win. This would make you £24.57 regardless of the result. Overall Premium Members would have made £17.25 profit on this offer.

Yesbets Oddsmatcher - Dafabet Free Bet

Yesbets Calculator Popup - Dafabet Free Bet

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Place a bet of up to £10 on the 12:50 Vichy, Wednesday, May 27th, and get your stake back as a free bet if your horse finishes 2nd, 3rd or 4th. Applies to the win market and win part of each way bets only. Does not apply to bets placed in shops.
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Don’t you hate it when a draw score means that you automatically lose, no matter which team you back? Well, TLCBet is here to offer some redemption with our ‘No Love Lost’ promotion. You will automatically receive 10% of your stake back if the game that you bet on ends in a draw*. This offer applies to a wide selection of games, leagues and championships. Take advantage of this win-win wonder, created especially for you – with tender loving care!
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If a deciding goal is scored in your game in the 88th minute or later, we will give you 25% of your stake back as a Bonus Token (up to £50). The best bit is that it applies whether your bet wins or loses!
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Back a horse in a selected race(s) and should it finish second, we will refund your stake as a free bet up to £10!
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Money Back as a Free Bet up to £/€20 if it's a 0-0 Draw in any Premier League Fixture, English Championship, FA Cup, Champions League, Europa League, La Liga, Seria A, Ireland Premier Division PLUS Euro 2020 Qualifiers!
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Free Bet if your selection finishes 2nd to the SP favourite
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If Player Scores 2+ Goals, Get £25 Free Bet
Place a £5+ pre-match bet on any televised Premier League match (see table below) If any player scores 2 or more goals, losing single bets will be refunded on Brace Insurance markets, up to £25 in Free Bets To qualify, your bet must be on a First/Last Goalscorer, Correct Score, Half Time/Full Time or Match Winner & Both Teams to Score market
VIEW OFFER * terms apply
If Game Ends 0-0, Get £10 Free Bet
Valid on selected football leagues – see terms; Exact Score, Goalscorer (First, Last or Anytime) £5+ pre-match bets only; Free Bet = lost stake (up to £10); Withdrawal before free bet is credited results in ineligibility; Free Bet valid for 7 days; Free Bet stake not returned; Terms apply; 18+
VIEW OFFER * terms apply
 

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