Work out the lay stake and liability for a bookmaker bet that refunds some or all of your stake if it loses. Enter the back and lay odds, commission and Cashback value to compare both outcomes. Cash refunds and free-bet refunds have different values. The calculator is free to use without signing up.
Risk free models a cash stake with cashback on a losing back bet. It does not mean nothing can go wrong, and it is different from using an already-issued free bet.
For a cash refund, use the amount the terms actually repay. A £10 free-bet refund is not £10 cash: its eventual value depends on the conversion bet, odds and commission. If you enter an estimated value, the losing-bet result is an estimate too. Use the main calculator in SR or SNR mode when converting the issued token.
Back £10 at 2.00, lay at 2.00, set commission and deductions to zero and Cashback value (£) to £10. Assume the full £10 is refunded as cash if the bookmaker bet loses.
The lay stake and liability are £5. A bookmaker win produces £10 profit minus £5 liability; a loss produces -£10 stake + £10 refund + £5 lay winnings. Both results are £5.
Keep the £10 stake and 2.00 prices but enter £7 Cashback value (£), for example as an explicit estimate of the cash value of a future free-bet refund.
The lay stake and liability are £6.50. Both modelled outcomes are £3.50, but the losing-bet result depends on actually realising that £7 value. A token refund is not immediate cash.
These examples use the stated inputs, not current market prices. Check settlement rules, matched amounts and available odds. Currency rounding can leave small differences between outcomes.
Custom Stake changes the balance between the two outcomes. Only adjust it deliberately, and check which result carries the greater loss. Cashback value (£) must reflect the offer you have, not the stake you hope will be refunded.
No. A refund offer normally starts with your cash stake. A free-bet token has already been issued and needs its own SR or SNR calculation.
Only a cash refund can be entered at its cash face value. For a token, use an explicitly estimated conversion value and recognise the uncertainty.
Enter only the eligible refund, even if your bookmaker stake is larger.
No. Check opt-in, minimum odds, qualifying markets and refund conditions with the offer.
Record the matched amount and price, then use the Unwanted Lay Calculator to calculate the remainder.
For a standard single back-and-lay calculation, use the Matched Betting Calculator.