Matched betting guides
Plain-English explanations with real numbers. Every example is calculated with the same engine as the Matched Bets app.
What is matched betting?
How backing and laying the same outcome turns bookmaker free bets into cash — and the risks to understand first.
FormulasHow to calculate a lay stake
The lay stake formulas for qualifying bets, free bets and refunds, plus liability, underlay, overlay and partial matches.
Free betsSNR vs SR free bets
Why stake-not-returned free bets need a smaller lay, and which odds give you the most from each.
OffersRefund offers
How to lay "money back if it loses" offers, and when to underlay or overlay instead of balancing.
ExchangesPartial lay matches
What to do when only part of your lay matches, and how to work out the remaining lay at new odds.
TrackingSpreadsheet or app?
What to record for every bet, how to count profit honestly, and which tool suits you.
ReferenceGlossary
Back, lay, liability, SNR, SR, underlay, overlay and every other term, in plain English.