
Cash Out Explained: How It Works and What It Means for Matched Betting (2026)
Sophie Hughes12 min read


How to open a Smarkets account for matched betting: the sign-up, the ID check, your first £10 deposit and your first lay bet, in about ten minutes.

The 2Up calculator works out your lay stake, your qualifying loss and the value if your team goes two goals ahead. A worked Bet365 example, step by step.

How to place your first matched bet, step by step: pick a welcome offer, size your lay with a calculator, place both bets, then convert the free bet to cash.