The terms and conditions for our welcome bonus are stated below:

1. Once the bonus is credited to your account, losses will be refunded up to the bonus amount.
2. You must deposit at least the qualifying deposit of £20 (or currency equivalent) in a single amount with your first deposit to be eligible for the rebate.
3. Users making their first deposit by Skrill, Neteller, PayPal or a virtual/prepaid card will not qualify for this promotion. Please note that this includes virtual Monzo cards and first deposits made by this method will not qualify for the welcome offer.
4. To withdraw rebated funds, you must bet at least the qualifying deposit on any combination of markets within the promotional period; otherwise rebated funds will be forfeited.
5. Unused bonuses expire after seven days of being credited to a user account and will be removed after this period.
6. The promotion is open to new users making their first deposit by card, bank transfer or Trustly only.
7. The sign up offer is strictly limited to one per individual, family, household address, email address, same payment account number, IP address or shared computer.
8. This promotion cannot be used in conjunction with any other sign-up promotion.
9. Smarkets standard terms for promotions apply.