Matched Betting Calculator
Matched betting uses betting site bonuses (free bets) to generate stable profits. The strategy works by placing two bet types, a back bet and a lay bet. This way it covers all possible match outcomes. Thus, locks in a profit no matter of the match results.
Now that you know the shell, calculating the stakes that go into each bet can be slow and apt to errors. That’s where our Matched Betting Calculator free comes in. It tells you the ideal stake size for your lay bet, charge on the back bet, and the expected profits or qualifying loss. Keep reading to know how it works.
Enter Odds
Advanced Options
Results
What Is A Matched Betting Calculator?
A Matched Betting Calculator is a must-have among your stock of betting tools. It takes out all the complex math and shows the stake. This is the bet you need at both the bookmaker and betting exchange to even up. Paired with free bets, you can maximize firm profits. But there’s more to our tool. Here’s what you can expect:
- The bet amount you’ll need for your match bet to work—on your exchange account vis-à-vis the free bet.
- Exact stake spread between your bookmaker and betting exchange. This goes for each of the possible outcomes.
- Potential profits you stand to make from the free bet and odds.
- Room to see how adjusting odds and stake sizes reflect on the future profits or losses.
- How you can adjust your stake sizes (underlay or overlay) in support of your favorites or an outcome in mind.
- You can also use our tool for Part Lay betting. It determins your stake (overlaying/underlaying) when an exchange has stake limits.
Advanced Matched Betting Calculators
The Matched Betting Calculator lays the base for arbitrage betting and similar tactics. That said, we have many other advanced tools for more profitable bets, such as profit accumulators. Here’s a quick outlook on what’s in store.
How To Use A Matched Betting Calculator?
Now that you understand what the Match Bet Calculator is, using it is just as easy. The tool is ideal for using many bonus types. Still, match deposits/signup offers and reload promos (among other free bets) work best.
Here are all the fields, what’s required, and how to calculate matched betting:
Find a Qualifying Bet
To start, find a betting event and bookie offering a promotion. It can be, for example, a “Bet $10, Get 20” promo. After that, find a match for the same at a betting exchange. The closer the odds to break even, the smaller the qualifying loss will be.
Enter the Back Bet Details
In the Back Bet (Bookie) section of the matched odds calculator. Enter the amount you’re willing to part with at the bookmaker, i.e., the back stake. After that, enter the decimal odds offered by the bookie in the “Back Odds” field. As for the back fee, you can leave this at 0% unless the bookmaker charges a commission.
Key in the Lay Bet Details
In the Lay Bet (Betting Exchange) section, enter the decimal odds you’re putting at the betting exchange. Also, fill in the fee percentage in the “Lay Commission” field.
Calculate the Lay Stake
Then, the calculator auto-counts and displays the “Lay Stake” needed. You’ll also get an analysis of both sides. That is, if the bookie bet wins and vice versa (if the betting exchange bet wins).
Review the Outcomes
As hinted, the odds matching calculator shows the “Bookie”, “Exchange”, and “Total” results for both possible results. This is in the format:
- “If back (bookie) bet wins”: Shows your profit/loss if the bookmaker bet wins.
- “If lay (exchange) bet wins”: Shows your profit/loss if the exchange bet wins.
Overall, you want these totals to be very close to each other, showing a small qualifying loss.
Place Your Bets
With the Matching Bets strategy reviewed, all that remains is to place your Back Bet at the bookmaker using the listed stake. Then, place your Lay Bet at the betting exchange with the calculated lay stake.
What Is Matched Betting?
Matched betting is a betting strategy that uses bookie promotion to make sound profits. This is possible by covering all possible results of a match. So to say, it lowers risk (your bets cancel out) and lets you pull out the cash value of free bets. You can repeat the process lots of times, clearing a fair profit from free bets.
How The Manual Calculations Works
Our matched betting calculator takes out all the hard work for you. You get to know your lay bet and best outcomes in a second. Still, if you want to see the other side, the results speak for themselves. These methods guarantee a profit, no matter who wins the match.
Here’s how the calculations work for you:
Qualifying bet for Lay Stake
Lay Stake = (Back Stake * Back Odds) / (Lay Odds – Lay Commission)
Lay Stake for a “stake not returned” free bet
Lay Stake = (Back Odds – 1) / (Lay Odds – Lay Commission) * free bet value
Lay Stake for a “stake returned” free bet
Lay Stake = (Back Odds * free bet value) / (Lay Odds – Lay Commission)
Frequently Asked Questions
Yes, Matched Betting Calculator is ideal for new bettors. It has a few fields to fill and calls for no prior knowledge to operate. Plus, it clears the need for complex maths. Thus, bettors can focus on what matters the most: picks to back and bonuses to leverage.
A Matched Bet Calculator makes use of maths formulas to find the ideal lay stake. It takes into account the back stake, back odds, lay odds, and exchange fee. This is to size up the stake required (at the betting exchange) to balance the back bet.
No, as it can be hard and full of errors. A free Matched Betting Calculator, such as ours, lowers the risk of mistakes and lets you find out the best lay stakes in a flash.
