Try our Free Matched Bet Calculator
Matched Betting Calculators help bettors determine how much they should lay on bet exchanges in order to maximize the profits of each matched bet. This type of specialized odd calculator simplifies the matched betting process by calculating the stakes and odds for you. The right calculator helps you get the most out of every offer by ensuring that you make a profit no matter what the outcome of the bet is.
Click here to Try our Free Matched Bet Calculator!
How Does a Betting Odds Calculator Work?
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 bet or lay bet calculators can be big time-savers for bettors, as they remove the challenge of trying to work out complicated matched betting calculations by hand. They also help increase accuracy by taking away any chance for error when placing a free bet. By using matched betting calculators correctly and consistently, matched bettors can learn to maximize their bets with very little effort.
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 existing customers.
Related Guide: Matched Betting Offers for Existing Customers
Using a Matched Betting Calculator to Place a Lay Bet
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 determine your expected profit
The betting odds information is easily found on both the bookmaker and exchange websites. Once the numbers have been calculated, users can see what the potential profit would be for the matched bet. This makes it easy to ensure that matched bettors maximise their profits every time they place a bet.
Getting The Most Out of a Matched Bet & Odds Calculator
It’s important to always input the correct bet information into the lay bet calculator before making any calculations, as even the smallest mistake can jeopardize your success and really impact your profits. To avoid any issues related to user error, enter your qualifying bet details into the calculator carefully and make sure you input the correct commission rate depending on which betting exchange you use.
When it comes to maximizing profits and calculating the ideal lay stakes, consistency is key. Some matched bettors get confident after using a calculator for their lay bets 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 we recommend using a matched betting calculator before placing qualifying bets and to calculate the lay bet amount when redeeming a free bet in a reload offer.
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