Matched Betting Calculator
Free Matched Betting Calculator
Select Bet Type
Qualifying Bet
Real money bet
Free Bet (SNR)
Stake not returned
Free Bet (SR)
Stake returned
Back Bet Details
Lay Bet Details
Quick Stakes
How to Use This Calculator:
- Select bet type: Qualifying Bet, Free Bet (SNR), or Free Bet (SR)
- Enter your back stake: The amount you're betting at the bookmaker
- Input the back odds: The odds offered by the bookmaker
- Enter the lay odds: The odds available at the betting exchange
- Set commission: The percentage charged by the exchange (usually 2-5%)
- View results: See your required lay stake and guaranteed profit/loss
Understanding Matched Betting
Matched betting is a technique used to profit from bookmaker promotions by placing two opposing bets - one at a bookmaker and one at a betting exchange. This eliminates the risk and guarantees a profit regardless of the outcome.
Types of Bets
| Bet Type | Description | When to Use | Expected Return |
|---|---|---|---|
| Qualifying Bet | Real money bet to unlock bonuses | Meeting wagering requirements | Small loss (1-5%) |
| Free Bet (SNR) | Stake not returned with winnings | Most common free bet type | 70-80% profit |
| Free Bet (SR) | Stake returned with winnings | Risk-free bet offers | 90-95% profit |
Key Terms
- Back Bet: A traditional bet placed at a bookmaker where you bet on something to happen
- Lay Bet: A bet placed at an exchange where you bet against something happening
- Liability: The amount you stand to lose if your lay bet loses
- Commission: Fee charged by betting exchanges on winning bets (typically 2-5%)
Popular Betting Exchanges
| Exchange | Commission | Liquidity | Best For |
|---|---|---|---|
| Betfair | 5% (can be reduced) | Excellent | All sports, especially football |
| Smarkets | 2% | Good | Football, tennis, horse racing |
| Betdaq | 2% | Moderate | Alternative to Betfair |
Matched Betting Strategy
- Find an Offer: Look for bookmaker promotions like "Bet £10, get £30 free bet"
- Place Qualifying Bet: Use the calculator to minimize qualifying losses
- Receive Free Bet: Wait for the bookmaker to credit your account
- Convert to Cash: Use the calculator to extract maximum value from free bets
- Withdraw Profits: Transfer your guaranteed profits to your bank
Tips for Success
- Always use the calculator to ensure accurate lay stakes
- Keep detailed records of all bets for tracking and tax purposes
- Start with small stakes until you're comfortable with the process
- Use odds between 3.0-8.0 for optimal free bet conversion
- Avoid betting on obscure markets with low liquidity
- Set up separate bank accounts for matched betting funds
Frequently Asked Questions
What is matched betting?
Matched betting is a technique to profit from bookmaker promotions by placing opposing bets at a bookmaker and betting exchange, eliminating risk and guaranteeing profit.
Is matched betting legal?
Yes, matched betting is completely legal in the UK and many other countries. It's simply taking advantage of bookmaker promotions using mathematics.
How much can I make from matched betting?
Beginners can expect £500-£1000 in their first month from sign-up offers. Ongoing profits of £500+ per month are achievable with reload offers.
What's the difference between SNR and SR free bets?
SNR (Stake Not Returned) free bets don't return the stake with winnings. SR (Stake Returned) free bets include the stake in returns. SNR is more common.
Do I need a large bankroll?
You can start with as little as £50-£100, though £500+ allows you to take advantage of more offers simultaneously.
Important: Matched betting removes the gambling element, but bookmakers may restrict accounts that only take value. Consider placing occasional mug bets to maintain account longevity.
Related Calculators
- Dutching Calculator - Back multiple selections for guaranteed profit
- Each Way Calculator - Calculate returns on each way bets
- Arbitrage Calculator - Find risk-free betting opportunities
- Odds Calculator - Convert between different odds formats
- View all 30 Free Betting Calculators
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