I did one of these matched bets a little while ago which paid off nicely. But am I right in thinking that smaller offers e.g. "Free £10 matched bet - no stake returned" aren't worth doing, as by the time the stakes have been taken out you only win a couple of quid?
So its only really worth doing if either the stakes ARE returned on the free bet or where the matched bet value is a lot higher (50 quid for example)?
Nope. You just need to play the odds right and look for a good percentage return, around 75% is what you should look for. You could quite comfortably make £7 a pop with a £10 NSR bets. The higher the odds with an NSR bet the better. Use a matched bet calculator to look at the different combinations. That £7 would take 5 minutes work. It's worth it - squeeze every penny at of every bookie and your bankroll builds up.
It's actually worth starting off with the smaller free bets, as the larger £50 ones require a bigger bank roll to offset the potential loss at the exchange. As per my earlier post about the FA cup final, if I'd lost at the exchange I'd have lost £360 odd quid there, due to the size of the lay. With a £10 lay I'd have only needed £70 odd quid in my exchange account in case I lost.