This is the money you need to have in your Betfair account to cover the Lay bet. The bigger the bonus, the more more money you need in Betfair to make sure the Back and Lay bets cancel each other out. Our matched betting calculator provided in the steps tells you the exact amounts needed.

If we use a free bet of $10 at odds of 5.00(4/1) we will win $40. So to lay this bet to cancel out the chance of it losing and ensuring we can get our free bet we must put $40 in the (Lay amount) Betfair account.

Eg. If the 5.00 back bet wins in the bookie we would win $40, to make sure we are not risking anything. We need to lay the bet at 5.00 on the exchange with a lay stake of $10.00. So in this example, we would need to put $40 into Betfair exchange to neutralise the bet.

So below is the result no matter what happens. Usually, to get our free bet we lose a few cents or dollars depending on how much we are placing. Don’t worry we make this back with a hefty profit, this is why its called no-risk matched betting 🙂

Once this bet finishes our money will be either in the exchange (Betfair) or the online bookies (Bluebet). Then we withdraw our initial deposit and repeat the process to turn the bonus bet into cash with no gambling. It may sound complex at first. Just take your time and follow the steps as they are laid out.