Matched Betting Calculators Explained For 2023…
A matched betting calculator is a tool that helps you calculate the amount of money you should bet on each outcome of a sporting event in order to secure a profit.
This is a technique that is often used by people who want to take advantage of free bets and other promotions offered by bookmakers. By carefully placing bets on both sides of an event, a person can effectively neutralize the risk of losing money and lock in a profit regardless of the outcome.
Matched betting calculators can be used to determine the optimal bet sizes, taking into account the odds of each outcome and the size of the free bet or other promotion being offered (see image above).
Here is an example of how a matched betting calculator might be used:
Suppose you have been offered a free bet of £50 by a bookmaker. You want to use this free bet to make some money, but you don’t want to take any risk of losing your own money.
You decide to use a matched betting calculator to help you place your bets.
There’s a free one here via OddsMonkey so check it out.
First, you will need to find a sporting event with multiple possible outcomes (e.g., a football match with three possible outcomes: home team win, away team win, or draw). Then, you will need to find the odds for each of these outcomes at different bookmakers. Using some matcher software really helps here…
Let’s say that the odds for the home team win are 2.0 at one bookmaker and 3.0 at another bookmaker. This means that if you bet £100 on the home team win at the first bookmaker, you will win £100 x 2.0 = £200 if the home team wins. If you bet £100 on the home team win at the second bookmaker, you will win £100 x 3.0 = £300 if the home team wins.
Now, you can use the matched betting calculator to determine how much you should bet on each outcome at each bookmaker in order to “match” your bets and eliminate the risk of losing money. The calculator will take into account the odds and the size of the free bet being offered, and it will calculate the optimal bet sizes for you.
For example, the matched betting calculator might tell you to bet £25 on the home team win at the first bookmaker and £50 on the home team win at the second bookmaker. This way, if the home team wins, you will win £25 x 2.0 = £50 at the first bookmaker and £50 x 3.0 = £150 at the second bookmaker, for a total profit of £200. If the home team doesn’t win, you will lose your £25 bet at the first bookmaker, but you will get your £50 bet back as a free bet, so you will break even overall.
This is just a simple example, and in practice, you would need to use the matched betting calculator to determine the optimal bet sizes for all three possible outcomes (home team win, away team win, and draw) in order to fully eliminate the risk of losing money.
The best solution is to use a specialist service like OddsMonkey