What are Matched Betting Calculators?
Matched betting calculators help determine how much a customer should lay on the betting exchange in order to maximize the profits of each matched bet. These types of specialized calculators simplify the matched betting process by calculating the stakes and odds to determine the correct amount to bet. The right calculator helps ensure that you make a profit no matter what the outcome of the bet is.
The calculators used in matched betting can help you work out the proper betting amounts for qualifying bets, free bets and risk-free bets. By calculating a few different inputs, matched betting calculators will give you the expected result for a matched bet, no matter the outcome of the lay bet or the corresponding back bet.
Matched betting calculators can be big time-savers for bettors as they remove the challenge of trying to work out the complicated matched betting calculations by themselves. They also help increase accuracy by taking away any chance for error. By using matched betting calculators correctly and consistently, matched bettors can learn to maximize their bets with very little effort and for the most profit.
How to Use a Matched Betting Calculator
To use a matched betting calculator, matched bettors need to have an account with a betting exchange website and they must be qualified for a free bet offer with a bookmaker. These types of offers can include free bets for new customers and promotional bets offered to exisiting customers.
Although there are many different types of betting calculators out there, each of them follow the same basic process for use:
1. Select the type of bet you want to calculate
2. Enter the stake size of the free bet
3. Enter the odds of the back bet
4. Add the odds of the respective lay bet
5. Hit calculate to figure out your expected profit
Once these numbers have been calculated, the user can see what the potential profit would be for the matched bet. This makes it easy to ensure that matched bettors get the most out of their free bets and maximise their profits. The betting odds information is really easy to find on both the bookmaker and exchange websites.
Maximizing Profits with Betting Calculators
It’s important to always input the correct bet information before making the calculations, as even the smallest mistake can jeopardize your success and really impact your profits. To avoid any issues related to user error, review your calculator input carefully and make sure you input the correct commission rate depending on which betting exchange you use.
When it comes to maximizing profits, consistency is key. Some matched bettors get confident after using a calculator and after a few big wins, they start calculating their own stakes for future bets. While you can certainly earn money this way, any little mistake in your calculations can lead to big impacts on your overall profitability. That’s why the experts recommend using a matched betting calculator for each and every bet that you place, whether it is for a qualifying bet with a welcome offer, or when calculating the lay bet amount when taking advantage of a free bet in a reload offer.
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