Matched Betting Calculator
We are making this matched betting calculator available free of charge and you can use it to work out the ideal lay stakes when matched betting whether placing a qualifying bet in order to earn free bets later or to lock in a profit when using your free bets.
Use the betting calculator to work out how much to lay off against a bet made with a bookmaker. This free betting calculator is one of the most important tools in matched betting and is used to ensure you make the same profit or loss whatever the outcome.
Free Matched Betting Calculator
The free bet calculator has the following features:
- Normal Bet – used when placing a qualifying bet or when placing an arb.
- Freebet – used when placing a free bet where the stake is not returned.
- Bonus – used when placing a free bet or bonus where the stake is returned.
- Bonus on win – used when a bonus is awarded for backing a winner and allows users to set the expected bonus retention after rollover.
- Bonus on loss – used when a bonus is awarded for backing a loser and allows users to set the expected bonus retention after rollover.
- Freebet on win – used when a free bet is awarded for backing a winner and allows users to set the expected free bet retention.
- Freebet on loss – used when a free bet is awarded for backing a loser and allows users to set the expected free bet retention.
- Freebet with freebet on win – used when the free bet will qualify for another free bet and allows users to set the expected free bet retention.
- Enhanced odds as freebets – used to arb enhanced odds offers when extra winnings are paid as free bets.
Our free matched betting calculator also provides added functionality via the following advanced modes:
- Normal – default setting used to calculate the same profit or loss whatever the outcome
- Overlay – used to calculate the lay amount required to finish level on the exchange after commission when wanting to bias the win/loss with the bookmaker.
- Underlay – used to calculate the lay amount required to finish level with the bookmaker when wanting to bias the win/loss with the exchange.
- Add partial lay – used to calculate new lay amount for part matched bets.
- Custom – used to calculate the various outcomes when entering your own lay values.
HOW TO USE THE MATCHED BETTING CALCULATOR FOR QUALIFYING BETS AND ARBS
- Select “Normal Bet” from the drop down menu
- Enter the “Back Odds” available with the bookmaker
- Enter the “Back Stake” to be placed with the bookmaker
- Enter the “Back Commission %” if applicable
- Enter the “Lay Odds” available on the exchange
- Enter the “Lay Commission %” on the exchange
Odds changes are shown on the calculator and new values will be calculated by clicking on the icon.
The bet calculator will display the amount to lay on the betting exchange eg “You could Lay £10.26”.
The profit or loss for each outcome is displayed in the relevant Back and Lay sections.
HOW TO USE THE TOOL AS A FREE BET CALCULATOR
Calculate the ideal lay stake to lock in a profit from your free bet or bonus, ensuring you make the same amount whatever the outcome.
Simply choose “Freebet” (stake not returned) from the drop down menu or “Bonus” (stake returned) and follow the steps above.
The bets calculator will display the amount to lay on the betting exchange eg “You could Lay £10.26”.
The profit for each outcome is displayed in the relevant Back and Lay sections.
Overlay and Underlay
The calculator includes modes for Underlay and Overlay which are two handy settings for advanced matched betting strategies.
Here we’ll explain what each one means and how you can use them.
Using the Normal Bet option, the calculator works out a lay stake that leaves you level (nil profit or loss) if the selection loses but you will lose slightly more than normal if the selection wins.
When to use Overlay
Because you lose nothing if your selection wins, Overlaying is an option when placing qualifying bets on offers that give free bets for backing a winner, like bet365 Ch4 4/1 offer and Betfair free bet if your horse wins at SP 3/1+.
It means you can play the offer without loss, however, you will lose to the betting exchange when the selection wins and you must ensure your qualifying loss is low enough to leave a profit from the free bet.
In the example below, we’ve bet £50 at odds of 5.0 and overlaid £52.63 at 5.2 on the exchange. If the selection loses, we’ve lost nothing and if it wins we’ve lost £21.05 but will have a £50 free bet from which we’d expect to earn £40.
Using the Normal Bet option, the calculator works out a lay stake that leaves you with nil profit or loss if the selection wins and slightly bigger than normal loss if the selection loses.
When to use Underlay
Underlaying is an option when placing qualifying bets on deposit bonuses with large wagering requirements. We always recommend you place the bet your bonus at higher odds in the hope the selection loses and you won’t have any furthering wagering. But, sometimes these selections will win and by underlaying you can save some of the cost of completing the full wagering.
In the example below, we’ve bet our £50 bonus at odds of 5.0 and underlaid £47.62 at 5.2 on the betting exchange. If the selection wins we haven’t lost anything so reducing the cost of the full wagering requirement which we now have to meet. If the selection loses, we’ll lose a little more that if we’d used the Normal mode but there will be no more wagering to complete and we keep a substantial amount of the bonus.