To use the Matched Betting Calculator, follow these steps:
- Enter the Back Odds – this is the odds offered by the bookmaker for the outcome you are betting on.
- Enter the Lay Odds – this is the odds offered by the betting exchange for the opposite outcome of the back bet.
- Enter the Stake Amount – this is the amount of money you are betting on the outcome.
- Enter the Commission Rate – this is the commission charged by the betting exchange for the lay bet. This is typically a percentage of your winnings.
- Click on the “Calculate” button to determine the Lay Stake, Liability, and Profit you will make from the bet.
The calculator will take into account the difference between the back odds and lay odds, as well as the lay commission, to give you an accurate calculation of your potential profit. The calculated values for the Lay Stake, Liability, and Profit will be displayed in the corresponding input fields below the “Calculate” button.
Use when converting a free bet or bonus into cash.
Matched betting is a popular method used by bettors to make a guaranteed profit by taking advantage of free bets and bonuses offered by bookmakers. The Matched Betting Calculator helps bettors determine the amount they need to bet and the profit they will make from a particular bet.
How to Use the Calculator
The Matched Betting Calculator requires the input of four values:
- Back odds: The odds offered by the bookmaker for the outcome you are betting on.
- Back stake: The amount of money you are betting on the outcome.
- Lay odds: The odds offered by the betting exchange for the opposite outcome of the back bet.
- Lay commission: The commission charged by the betting exchange for the lay bet. This is typically a percentage of your winnings.
Once you have entered these values, click on the “Calculate” button to determine the lay stake and the profit you will make from the bet. The calculator takes into account the difference between the back odds and lay odds, as well as the lay commission, to give you an accurate calculation of your potential profit.
Why Use a Matched Betting Calculator?
A Matched Betting Calculator is an essential tool for anyone interested in matched betting. It helps you quickly and accurately calculate the lay stake and profit for any bet, which saves you time and ensures you make the most profit possible from your bets.
By using a matched betting calculator, you can take advantage of the offers and promotions offered by bookmakers and betting exchanges, without risking your own money. It’s a low-risk way to make a guaranteed profit, and the calculator makes it easy for anyone to get started.
Conclusion
The Matched Betting Calculator is a powerful tool for anyone interested in matched betting. It helps you make a guaranteed profit from free bets and bonuses offered by bookmakers and betting exchanges. By using the calculator, you can quickly and easily determine the lay stake and profit for any bet, which saves you time and ensures you make the most profit possible.
So if you’re interested in matched betting, be sure to use the Matched Betting Calculator to help you maximize your profits and minimize your risk.
Frequently Asked Questions
Q: What is a Matched Betting Calculator?
A: A Matched Betting Calculator is a tool that helps you calculate the optimal bets to place when taking advantage of matched betting offers. It takes into account the odds offered by bookmakers and betting exchanges to ensure that you can make a guaranteed profit.
Q: How does the Matched Betting Calculator work?
A: The calculator takes the odds offered by bookmakers and betting exchanges for a particular event and calculates the optimal amount to bet on each outcome to guarantee a profit. It also takes into account any qualifying or free bets you may need to place to take advantage of an offer.
Q: Is it legal to use a Matched Betting Calculator?
A: Yes, it is legal to use a Matched Betting Calculator. However, it is important to note that while matched betting is not illegal, it may be against the terms and conditions of certain bookmakers.
Q: Do I need any prior betting knowledge to use the Matched Betting Calculator?
A: While it can be helpful to have some basic knowledge of betting and odds, you do not need any prior betting knowledge to use the Matched Betting Calculator. The tool is designed to be user-friendly and easy to understand.
Q: Can I use the Matched Betting Calculator for any sport or event?
A: Yes, the Matched Betting Calculator can be used for any sport or event where bookmakers and betting exchanges offer odds on all possible outcomes.
Q: Is there a risk of losing money when using the Matched Betting Calculator?
A: No, as long as you follow the recommended bets calculated by the tool, you are guaranteed to make a profit regardless of the outcome of the event. However, it is important to note that there may be a small risk of human error when placing bets, so it is important to double-check your bets before placing them.