Matched Betting Calculator - Help Make Matched Betting Easy
This post provides guidance and helps with the matched betting calculator. It’s a tool to help you calculate all sorts of valuable things you need to successfully match your bets, including how much to lay and what your qualifying loss or profit will be if your bet wins.
One of the best things about the calculator is that it doesn’t require any complicated equations. No complex maths are necessary to use them.
We’ll show you how to use a matched betting calculator, and we will discuss its benefits. We also talk about linked profit tracking tools that help you with your matched betting activities and keeping track of everything.
We also look at more advanced calculators such as the Early Payout Matched Betting Calculator, essential for the 2up offer.
Matched betting services like Profit Accumulator, OddsMonkey, Profit Squirrel and OddsMonkey (See image opposite!) have a wide array of calculators you can use for the more advanced matched betting strategies and everyday calculations you need to ensure you are profitable with every bet. See our review of the best matched setting sites for more information.
Matched Betting Calculators - Starting Out
If you are starting with matched betting and you want to work your way through the welcome offers quickly and efficiently, banking your first £1,000, then you’re going to need a matched betting calculator.
There are free versions of the calculator available from the matched betting services. However, you will need the link to your matched betting spreadsheet and for more complicated betting, such as accumulators.
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OddsMonkey Premium (see our full review) provides access to many different calculators, all for specific purposes that you will come across throughout your path to profit.
Basic Matched Betting Calculators
The majority of matched betting calculators offer different modes, each relevant to a particular matched bet you will be undertaking.
The ‘normal’ mode is utilised for qualifying bets. Your purpose is to minimise your qualifying losses and closely match your bets for these transactions, so a calculator is essential.
Sometimes also referred to as ‘qualifying bet’ mode, this mode is for the first part of your matched betting process (sign up offers, reloads and simple bet x, get y offers) when you are placing a qualifying bet using your own money (though you earn this back).
With these bets, you will likely be trying to find low odds to reduce your overheads (as long as they meet the criteria for the offer – which are often odds of 1.5/2 minimum).
After entering the stake (the qualifying amount you are betting), the matched betting calculator allows you to calculate results once you have entered the relevant back (bookmaker) and lay odds (as shown in your exchange) with the % commission.
In the example above, £19.05 placed at the exchange at odds of 2.1 would result in a qualifying loss of £0.96. The calculator has given you the amount to lay at the exchange based upon the back odds and the back bet amount.
The other primary option/mode you will use is ‘free bet (SNR)’; this is for when we are calculating the free bet/s. The most common free bets we receive in matched betting are ‘stake not returned’ bets.
When completing the £20 free bet available from the Coral welcome offer, you will use this mode to calculate your free matched bet and work out your profit (and the stake you need to lay at the exchange).
With these bets, you will be looking for high odds to maximise profit.
Here is the calculator for a free bet (SNR) at a higher odds of 4.1, retaining about 75% in profit (£14.63) from the £20 free bet.
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A final mode on the simple matched betting calculator is usually the ‘free (SR)’. It’s rare for free bets to stake return, but the ability to calculate them is important.
Again you will be looking for high odds to maximise your profit, typically aiming for at least 70-80% retention.
Here is the calculator for a free bet (SNR) at a higher odds of 4.1, retaining about 75% in profit (£14.63) from the £20 free bet.
From the main calculator, we can also select the Risk-Free bet. Usually, as part of a reload offer, we can use the calculator in simple mode to find the correct calculations for these bet x, get y if z (< for examples follow the link) offers.
We can guarantee a profit by using the calculator. If we made a regular qualifying bet with the first bet, then we have the real chance of learning nothing from the offer, whereas the calculator guarantees you locked in profit, so it’s an essential tool.
Advanced Matched Betting Calculators
There are many different types of advanced Matched Betting Calculators, such as the Matched Betting Early Payout Calculator used for the matched betting 2up strategy (calculator guidance on how to use this calculator) and the horse racing extra places offer.
The advanced calculator allows you to work out more sophisticated matched betting options, and it’s essential to have these tools at your disposal.
For example, when you want to back and lay your bets at a bookmaker without using an exchange, you need to use the technique of dutching and the dutching calculator.
With early payout (2Up), the matched betting early payout calculator in advanced mode allows you to set the amount of profit/risk you feel comfortable with, set the custom sliding bar to set lock-in profit and decide on the in-game action to take.
For the risk-free matched bet we identified earlier, you can also set the calculator in advanced mode and choose your level of return and risk.
Using the calculator in advanced mode like this is to ‘under lay’ or ‘over lay’ your bets. The OddsMonkey calculator allows you to adjust your lay amount with three options (underlay, standard, and overlay) and/or by sliding the bar to choose precisely how much you want to lay (custom).
You can also use a matched betting calculators in a similar advanced mode way for matched betting techniques without free bets, such as price boosts.
Calculators can start to get complex, but you will find that as you advance with matched betting, there is always a calculator that is essential for the steps you need to take, so a good understanding of what they are all about is an advantage.
Top tip – The benefit of OddsMonkey Premium (link to a free trial) is access to multiple calculators and how the Oddsmatcher is linked both to a calculator and then also to the profit tracker, another good reason to consider OddsMonkey.
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Why not also try our free money offers, an easy way to boost your income in addition to matched betting