Honestly, it is a great offer if you do not have an account with them. Remember, FREE bets are there for you to take advantage off. Basically this is how it works.

Open a Sportingbet account and make a deposit (minimum £10 or equivalent).
Place a £10 bet on any European Football match during August and September
If your first bet loses, Sportingbet will refund your account with a free bet of the same value up to £50

Sign up for the £50 bonus at Sportingbet!

Click Read more... for terms and conditions.

Terms and Conditions

1. This new customer offer is only available to customers who register their account after Thursday February 28th 2008. Existing account holders and duplicate accounts do not qualify.
2. Only customers who register through an official Sportingbet affiliate site are eligible for this promotion.
3. ALL bets in the Free Bet Challenge (Qualifying Bets and Free Bets) can be placed on any market of your choice but must meet the minimum odds criteria. Singles must be placed at Evens (2.0) or bigger. Doubles must be placed at 2/1 (3.0) or bigger. Trebles must be placed at 4/1 (5.0) or bigger. Multiple bets with more than 3 selections will not count towards this promotion. For each way bets to qualify, your chosen selection must be placed at minimum odds of 8/1.
4. Free Bet funds are always spent before Real Money and, as such, any Free Bets granted must be wagered once before moving on to the next stage of the Free Bet Challenge.
5. The value of each Free Bet must be wagered three times before it can be withdrawn from your account.
6. To receive your initial Free £10 Bet, please e-mail This e-mail address is being protected from spam bots, you need JavaScript enabled to view it after settlement of your first £10 ‘Real Money’ bet.
7. To receive the further 9 x £10 Free Bets, please e-mail This e-mail address is being protected from spam bots, you need JavaScript enabled to view it each time you have a ‘Real Money’ winning bet.
8. The value of each Free Bet must be wagered once, meeting the minimum odds criteria, before it can be withdrawn from your account.
9. The £50 bonus at the end of the Free Bet Challenge is only available for those customers who manage to land a winning bet on all of their first 10 x £10 ‘Real Money’ bets with Sportingbet. These bets do not include bets staked with Free Bet money.
10. Free Bets will be credited within 24 hours of receiving customer email in This e-mail address is being protected from spam bots, you need JavaScript enabled to view it inbox.
11. Normal Sportingbet betting rules apply.
12. This offer cannot be used in conjunction with any other open account offer.
13. Sportingbet reserves the right to substitute or withdraw the offer at any time.
14. Sportingbet is the sole arbiter of this offer and its decision is final.
15. Only one ‘new account offer’ per person, household address or e-mail address is allowed. This offer applies exclusively to the first account credited and will not apply to further accounts opened.
16. We further reserve the right to ask any customer to provide sufficient documentation for us to be satisfied in our absolute discretion as to the customers identity prior to us crediting any bonus, free bet or offer to their account.
17. All Sportingbet offers are intended for recreational players and it is at our sole discretion to limit the eligibility of customers to participate in any promotion.