Matched Betting Calculator
How to use the Matched Betting Calculator
- Submit the Free Bet Details. The top row of the calculator is where you specify the bet you are making is using free bet by clicking on the Free Bet Box checkbox.
- Enter the free bet value in the ‘Stake Not Returned’ input. This is due to the stake not being paid back in the outcome that the free bet wins. Most bookmakers don’t pay out the free bet amount in your returned winnings. If you are calculating a qualifying bet e.g bet £25 and get a £25 free bet, then leave the check box unchecked in this instance.
- Enter the back odds of your bet in the ‘Back Odds’ input.
- On the betting exchange site. Find the selection you have just backed and check the lay odds at the betting exchange. You need to find as close match as possible to the back odds.
- Enter the exchange commission (this is usually 5%). This figure is what the betting exchange will deduct from your winnings should the Lay bet win.
- Enter the lay odds for your selection.
- That’s it! Our calculator will now tell you exactly how much you need to place as a Lay bet on the exchange site and what your guaranteed profit will be, regardless of the out come of the event.
Learn how to do Matched betting
The concept of matched betting is to utilize free bets, along with your Betting Exchange account, to turn an overall guaranteed profit no matter if your free bet wins or loses. This is made possible because all bookmakers offer new customers a free bet when they join and also weekly free bets and reload bonuses.
In order do matched betting you’ll need an account with at least one betting exchange e.g Betfair Exchange to place your lay bets (where you bet against a team or horse winning) and a Free Bet offer with any bookmaker, to place the back bet. Our Matched Betting Calculator will do all the hard work for you and calculate exactly how much to bet for optimum profit.
Matched Betting Guide
So what exactly is matched betting?
In this Matched betting guide, I will explain a way of exploiting an industry loophole involving online bookmakers. Pretty much all the bookmakers promote have free bet bonus promotions, especially during big sporting events. They do this to entice new members to place bets with them.
For example, “bet £50 with us and we’ll give you a £50 free bet!”.
How does matched betting work?
Match betting takes advantage of these offers by place bets with 2 separate bookmakers. So, on one site you use real money and on another you use the free bet, betting against your first bet. This way you are covering all possible out comes and turning the free bet into actual withdrawable cash, or completing an initial wagering requirement so that you are awarded the free bet.
OK this is the what the system is in a nutshell, but lets go into a bit more detail regarding the terminology so you understand exactly what you need to do.
It’s important that you understand the two types of bet which allow matched betting to work:
A ‘back’ bet
Betting for a certain outcome to come true. Eg. “I bet Manchester United will win” is a backing bet. If it comes true, you win the bet and the winnings. If Manchester United lose or draw, you lose your stake. You can place a back bet at any bookmaker, such as Paddy Power, William Hill, Ladbrokes etc.
A ‘lay’ bet
Betting against a certain outcome to come true. Eg. “I bet Manchester United will not win” is a lay bet. If they lose or draw, you win the bet. You can only place a lay bet at a betting exchange such as Betfair.
So this is the clever bit..
Matched betting works by cancelling out the risk on the ‘back’ bet at the bookmakers by betting against yourself at the same odds (know as ‘laying’ a bet) which you can do at a betting exchange. In other words, you are ‘matching’ your bet.
This is where the profit is made. Quite simply, you repeat the process: bet using the free bet and then lay the bet. Whatever the result you are guaranteed to make a profit.
How much profit can I make?
For each matched bet, you will be left with up to 95-98% of the free bet amount as profit. This is because betting exchanges usually charge a commission of 3-5% on winnings.
What’s the risk?
It’s worth noting that you may also make a very small loss on the qualifying bet due to the minor difference in odds on each website. This is normal, and you will recoup this when you use the free bet. It is very easy to quickly earn thousands of pounds in as little as 3-4 weeks using the profit accumulator system. Inside the membership area there are dozens of training videos that teach you what to do. Not to mention, about £3000 in sign up offers!
Also, it’s worth pointing out, earnings from the gambling industry in the UK are currently tax-free.
Matched betting has been mentioned on some pretty major websites as a legitimate way of making an additional income. It has been featured by Martin Lewis on MoneySavingExpert.com and has also been published in the Guardian and the Telegraph, to name a few.
It’s vital to know what you are doing though, when matched betting, or it could lead to costly mistakes. The best way to learn the ‘in’s and outs’ of the process is to join the UK’s fastest growing matched betting membership training site Profit Accumulator.