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Bookmaker Rebate
Q: What is a bookmaker rebate? A: A bookmaker rebate is a partial return based on betting turnover; in a strategy it can raise the effective return, but only if it is stable and actually payable.
Bookmaker Rebate
Q: What is a bookmaker rebate?
A: A rebate is money returned by a bookmaker or agent based on betting volume.
In football arbitrage, rebates affect final return. Some combinations do not look profitable from odds alone, but may become positive after stable rebate is included.
If the stake ratio of leg \(i\) is \(x_i\), and the rebate rate for its dealer is \(b_i\), the rebate contribution is:
\[ b_i x_i \]
For the whole strategy:
\[ B=\sum_i b_i x_i \]
If the odds-only return is \(R\), the effective return can be written as:
\[ EV=R+B \]
For example:
\[ R=0.998,\quad B=0.005 \]
Then:
\[ EV=0.998+0.005=1.003 \]
This means every 1 unit staked theoretically returns 1.003 units.
But rebate must not be assumed casually. Before execution, confirm the dealer, account rule, eligible markets, settlement period, and whether the rebate is actually paid.