1. What is the Outplayed Betting Calculator?

The Outplayed Betting Calculator helps you calculate the expected profit from matched betting using free bets offered by bookmakers. It accounts for the lay odds and exchange commission to determine your guaranteed profit.

2. How Does the Calculator Work?

The calculator uses the Outplayed betting formula:

Where:

• \( free\_bet \) — Value of the free bet offered by the bookmaker
• \( lay\_odds \) — Odds at which you lay the bet on the exchange
• \( commission \) — Percentage commission charged by the betting exchange

Explanation: The formula calculates how much of the free bet value you can extract as profit after accounting for the lay bet and exchange commission.

3. Importance of Matched Betting

Details: Matched betting is a risk-free way to profit from bookmaker promotions. Accurate profit calculation ensures you maximize returns from free bets and other offers.

4. Using the Calculator

Tips: Enter the free bet amount in your currency, the lay odds from the betting exchange, and the commission percentage charged by the exchange. All values must be valid (free bet > 0, lay odds ≥ 1.01, commission between 0-100%).

5. Frequently Asked Questions (FAQ)

Q1: What is matched betting?
A: Matched betting is a technique where you place bets on all possible outcomes of an event to guarantee a profit, using free bets and promotions.

Q2: Is matched betting legal?
A: Yes, matched betting is completely legal as you're simply using the bookmakers' promotions as intended.

Q3: What's the typical profit from a free bet?
A: Typically 60-80% of the free bet value, depending on the odds and commission.

Q4: Why do I need to account for commission?
A: Betting exchanges charge commission on winnings, which affects your overall profit.

Q5: Can I use this for other types of bets?
A: This calculator is optimized for free bets. Different calculations are needed for other types of offers.