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Matched betting · Academy

Lesson 4 of 8

Qualifying bets and free bets

How does a small qualifying loss lead to a free bet, and how much of that free bet can you keep?

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Most bet-and-get offers have two separate bets: a qualifying bet that meets the promotion rules, then a free bet awarded after it settles. Calculate both stages before deciding if the offer is useful.

Stage one: the qualifying bet

In this fictional example you back £10 at 2.0, lay at 2.1 and pay 2% exchange commission on lay winnings. A lay stake of about £9.62 means about 58p qualifying loss if the back wins, or 57p if the lay wins. This is the cost of qualifying, provided the bet meets every offer rule and both sides settle as expected.

Stage two: the free bet

Suppose the offer awards a £10 stake-not-returned (SNR) free bet. You back it at 5.0 and lay at 5.2, again with 2% exchange commission. A lay stake of about £7.72 gives the following illustrative results.

OutcomeFree bet returnExchange resultNet from free bet
Back wins£40.00 profit£32.42 liability lostAbout £7.58
Lay wins£0£7.72 less 2% commissionAbout £7.57

After the qualifying loss, the combined result in this example is roughly £7. The full practice offer takes this same example through both settlements and shows where the cash ends up. The result still depends on the actual odds, commission, free bet type, settlement and whether the reward is awarded at all.

The catch

Some free bets return the stake (SR); others do not. Minimum odds, expiry, eligible markets and exchange exclusions also change the calculation. Read the live terms first. Open the calculator in free bet mode and enter the current stake and prices rather than copying these fictional ones.

Check you have it

A £10 stake-not-returned free bet wins at decimal odds of 5.0. What does the bookmaker pay in profit?

Examples are fictional and for learning. Offer terms and prices change. 18+. Only stake what you can afford to lose.

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