How to Use a Matched Betting Calculator for Exchange Betting
Matched betting is a strategy where bettors make money from free bets and promotions. A matched betting calculator helps bettors work out the right bets to place.
It makes matched betting easy, even for beginners. Understanding the basics, will help every bettors learn how to use them effectively.
What is a Matched Betting Calculator?
A matched betting calculator is a special online tool. It tells bettors how much to bet on different outcomes. When they use it, they can make sure they win money no matter what happens in the game or race.
The calculator usually asks bettors to put in some numbers, like the amount of the free bet or normal bet, the bookmaker odds of the bet, the lay odds in the betting exchange, and the commission of the betting exchange.
After they enter the numbers, the calculator will show how much to bet, how much they will potentially win, and how much profit they will make.
Example
A bettor has a free bet offer from a bookmaker and they want to use a calculator.
Free bet amount: 20€
Bookmaker odds: 3.0
Lay odds in the betting exchange: 3.05
Betting exchange commission: 5%
They open the matched betting calculator and they enter all the information needed, the free bet amount, the back odds from the bookmaker, the lay odds and the commission from the betting exchange.
Now the bettor will see what the calculator shows. After they enter the information the calculator will calculate how much the bet should be. It will show something like:
lay stake: 13.33€
lay liability: 27.33€
potential profit: 12.66€
Now the bettor needs to place the bet. They place the 20€ free bet on the bookmaker at odds of 3.0 and the 13.33€ lay bet on the betting exchange at odds of 3.05 and they wait for the outcome.
If the free bet wins, the profit from the bookmaker will be 40€. Deducting the liability amount from the betting exchange losing bet (-27.33€), the profit will be 12.67€
If the lay bet wins, from the betting exchange minus the commission the profit will be 12.66€. Since there was a free bet from the bookmaker, the bettor does not lose anything from the lost bet.
In both cases, the bettor makes a guaranteed profit of 12.66€ without any risk.
Why Use a Matched Betting Calculator?
Using a matched betting calculator is very important because it helps bettors avoid mistakes. Even small mistakes can cost greatly in betting. The calculator makes everything clear. It tells bettors exactly how much to bet.
Bettors do not have to guess and they do not have to do any hard math themselves. They know exactly how much to bet at the bookmaker and how much to lay at the betting exchange.
The calculator not only saves bettors time, it also helps them get the best profit from each offer. They make sure they o not waste free bets or bonuses.
Tips to Remember
Matched betting calculators are very safe if bettors use them carefully. Many people use them every day to make extra money and they follow some tips to get the best results.
First, they always double check the odds before placing them in the calculator and place the bets. They use trusted calculators from a good website. They check the commission rates regularly in case there is a chance in the percentage.
Even with a calculator, bettors need to be careful. They should always enter the correct odds, because even small mistakes can change the profit. They should be careful in case they put the wrong commission or the wrong stake amount.
Bettors need to follow the calculator exactly and not guess how much to bet. The odds can change fast, so it is important to not wait too long and place the bets soon after using the calculator.
In Short
A matched betting calculator is a very useful tool for matched betting and bettors can take full control of their bets. The calculator removes the risk and the hard math and it is a very good way to help bettors earn steady profits taking advantage from free bets and bonus offers from the bookmakers and match them with lay bets on a betting exchange.