I finally found the first deposit bonus terms and conditions for PartyBets. They match your first £25 immediately. So, I deposited £25 and got £50 to bet with straight away. The bonus must be bet a number of times at odds of at least 2.0, so I immediately bet the full £50 on the Carling Cup game between Watford and West Ham, with West Ham to win at odds of 2.0. A corresponding lay (roughly) with Betdaq means that, if West Ham win, I get £75 profit with the bookmaker, but lose £53.10 on the exchange. Alternatively, I get £47.80 with the exchange, but lose £25 with the bookmaker. No point talking overall profit until I am in a position to withdraw or have lost the bonus through betting.
Update (Tuesday, 23 September): Watford beat West Ham by 1 : 0 meaning that my PartyBets account was reduced to nothing in no time at all. I won £46.84 (£47.80 - £0.96 commission) with Betdaq and lost my £25 deposit with PartyBets, which is a £21.84 profit. The overall profit goes up to £183.61.
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