If you’re going to consider matched betting as a way of making a quick profit from bookmaker’s bonuses, then you should definitely consider using a matched betting calculator to ensure you’ll be the one coming out on top. We can’t stress the importance of a calculator enough, whether you’re placing an initial qualifying bet, or utilising your free bet, the calculator will let you know exactly how much you should be betting, what your liability will be and, of course, the amount of profit you stand to make.
Here are some of the popular online calculators that you could use:
When using one of these calculators, there are four vital pieces of information you need to have to hand, in order for the calculator to be able to give you the most accurate information. You’ll need the back stake, the bookmakers back odds, the exchange lay odds and the exchange commission. As long as you have this information and input it correctly, the matched betting calculator will do the legwork and make profit a guarantee.
Essentially, a matched bet calculator will work for three different types of bets: normal bets, free bets where your original stake is returned and also free bets where your stake isn’t returned. When searching for offers and promotions you could potentially take advantage of, it’s important that you are clear on whether or not your stake is returned, as this will obviously affect the amount of profit you stand to make.
Betting Odds Calculators
Using a betting odds calculator is also a must when placing matched bets, as it is imperative that you know how much you need to stake on each side of the bet to make the most amount of profit possible.
This is where a betting odds calculator comes in, as it will do all the hard work for you. All you need to do is input your back stake, as well as the back odds and the lay odds – the calculator will then tell you your potential profit or liability. Learn more about the risks involved with this type of betting here.
Calculating Matched Bet Odds
Calculating matched bets odds can often seem daunting, but don’t let that put you off! After all, a guaranteed profit is pretty much impossible to come by in all other forms of gambling. But, as mentioned previously matched betting is all about placing a bet and then laying a bet covering all possible outcomes, while still ensuring you make a profit (however small it may be) regardless of the final result.
When calculating matched bet odds, it’s bet to follow these simple steps. Firstly, when your back bet has been placed, you’ll need to calculate your optimal lay stake, by dividing the back odds by the back stake. By doing this, you can then calculate your profit if the back bet wins and do the same for if the lay bet wins.
When you’ve done this, you’ll then be able to work out your total profit. But of course, the best way to do all of this is by using a matched betting calculator.