1. What is Matched Betting?

Matched betting is a technique used to profit from free bet promotions offered by bookmakers. It involves placing two opposite bets (back and lay) to cover all outcomes and guarantee a profit.

2. How Does the Calculator Work?

The calculator uses the matched betting formula:

Where:

• \( back\_stake \) — Amount bet with the bookmaker
• \( back\_odds \) — Odds from the bookmaker
• \( lay\_stake \) — Amount bet on the exchange
• \( lay\_odds \) — Odds from the betting exchange
• \( commission \) — Exchange commission rate

Explanation: The formula calculates the guaranteed profit after accounting for the exchange commission.

3. Importance of Profit Calculation

Details: Accurate profit calculation ensures you're making money from bookmaker promotions without risk. It helps determine optimal stake sizes for maximum profit.

4. Using the Calculator

Tips: Enter your back bet details (stake and odds), lay bet details (stake and odds), and the exchange commission rate. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Is matched betting legal?
A: Yes, matched betting is completely legal as it's simply using bookmaker promotions in a smart way.

Q2: What's a typical commission rate?
A: Most exchanges charge between 2-5% commission on net winnings.

Q3: How much can I make from matched betting?
A: Beginners can typically make $500-$1000 in their first month, then $300-$500/month ongoing.

Q4: Do I need a large bankroll?
A: You can start with $100-$200, but more capital allows you to do multiple offers simultaneously.

Q5: Are there risks in matched betting?
A: The main risk is human error (placing wrong bets), not mathematical risk if done correctly.