PS. Please use the Smarkets link - find out why here.
Note depositing by Mastercard or credit card incur a 2.5% deposit fee. So if you can, deposit via Visa debit card or bank transfer (though this takes up to 5 days). Whilst Skrill and Neteller deposits do not incur a fee, you will not be eligible for the £10 bonus.
£10 Refund Explained
The first time you lose a bet with Smarkets, they will refund it as a bonus up to £10 within 24 hours!
Note this does not need to be your first bet, it is simply the first time you lose a lay bet.
Therefore, use Smarkets for your lay bets (rather than Betfair Exchange) and to get the full £10 bonus, ensure your lay bet liability is at least £10.
Sooner or later, one of your lay bets will lose meaning you get the £10 bonus!
To withdraw this bonus as cash, you just need to place £20 worth of lay bets, so just continue to use Smarkets as your exchange.
Deposit £20 into Smarkets
Use Smarkets instead of Betfair Exchange for any lay bet with liability greater than £10
Once your lay bet on Smarkets loses, you will be refunded £10.
Use Smarkets to lay other bets for a further £20+ of lay bets