1. What is Matched Betting Bonus?

Matched betting bonus refers to the free bet offers provided by bookmakers that can be converted into real cash profit through matched betting techniques. The actual profit depends on the bonus amount and retention rate.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• \( bonus \) — The amount of the free bet bonus
• \( retention\_rate \) — The percentage of the bonus that can be converted to profit (typically 70-80%)

Explanation: The retention rate accounts for the bookmaker's terms and conditions that affect how much of the bonus can actually be converted to withdrawable cash.

3. Importance of Profit Calculation

Details: Calculating potential profit helps matched bettors determine which offers are worth pursuing and helps with bankroll management.

4. Using the Calculator

Tips: Enter the bonus amount in your local currency and the retention rate as a decimal between 0 and 1 (e.g., 0.8 for 80%).

5. Frequently Asked Questions (FAQ)

Q1: What is a typical retention rate?
A: Most free bet offers have retention rates between 70-80%, depending on the bookmaker's terms.

Q2: Can the retention rate be more than 100%?
A: No, the retention rate is always between 0% and 100% (0 and 1 in decimal).

Q3: Are there any risks in matched betting?
A: While low risk, mistakes can lead to losses. Always double-check your calculations and bets.

Q4: How accurate is this calculator?
A: It provides a theoretical maximum. Actual profit may vary slightly due to odds fluctuations.

Q5: Can I use this for casino bonuses?
A: No, casino bonuses have different calculations due to wagering requirements and game RTPs.