1. What is Bonus Bagging in Matched Betting?

Bonus bagging is a matched betting strategy where you claim free bet bonuses from bookmakers and convert them into real cash profit by laying the bet at a betting exchange.

2. How Does the Calculator Work?

The calculator uses the bonus bagging profit formula:

Where:

• \( bonus \) — The free bet amount from the bookmaker
• \( lay\_odds \) — The odds at which you lay the bet at the exchange
• \( commission \) — The percentage commission charged by the exchange

Explanation: The formula accounts for the probability of the outcome and exchange commission to calculate the guaranteed profit from the free bet.

3. Importance of Profit Calculation

Details: Accurate profit calculation is crucial for determining which free bets are worth pursuing and for bankroll management in matched betting.

4. Using the Calculator

Tips: Enter the bonus amount in your currency, the lay odds at the exchange (must be greater than 1), and the exchange commission percentage. All values must be valid positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is the optimal lay odds range for bonus bagging?
A: Typically between 3.0 and 10.0 - higher odds give more profit but require larger bankrolls.

Q2: How does commission affect profit?
A: Higher exchange commissions reduce your overall profit, so it's best to use exchanges with low commission rates.

Q3: Is this guaranteed profit?
A: Yes, when done correctly, bonus bagging provides risk-free profit regardless of the event outcome.

Q4: What's a good profit percentage from a free bet?
A: Typically 70-85% of the free bet amount is achievable as profit.

Q5: Can I use this for other types of free bets?
A: The calculation differs for stake-not-returned free bets versus stake-returned offers - this calculator is for stake-not-returned offers.