Nine Matched Bet Calculator Modes To Make Life Easy
August 30, 2017
Making money from bookmaker offers wouldn’t be so easy without a good matched bet calculator. It’s a vital tool that does all of the working out for you, allowing you to focus on working through as many offers as you can. The Matched Bets calculator is the best in the business. It links directly from our oddsmatcher, features real-time odds updates and tracks your bets with a single click. Not only that but it has nine different modes that enable you to tackle a multitude of scenarios.
This is the standard matched bet calculator setting for placing a qualifying bet. It can also be used for placing mug bets. With Normal Bet mode selected, you will enter the back stake to see the suggested lay amount. If the bookmaker in question is not in oddsmatcher you will also need to enter back odds, lay odds and adjust commission if necessary.
As a working example, a back bet of £10 at odds of 2.00 with BetVictor and available Betfair lay odds of 2.05 will result in a suggested a lay stake of £10. This will give a 50p qualifying loss whatever the outcome of the event. Perfect, you have retained 95% of your starting balance, with a 5% loss being considered acceptable.
This option comes into play when you are using bonus funds. The key being that the bonus stake is included in any bookmaker returns. If the bookie is in oddsmatcher, then the back and lay odds will be automatically populated, along with the commission. Otherwise, you will need to manually enter the data along with the back stake to see the suggested lay amount.
Let’s say you are completing the wagering on a £20 bonus. The back bet is £20 at odds of 1.80 and the lay odds at Smarkets are 1.82. The suggested lay amount will be £20 to return £19.60, whatever the result. If the exchange bet wins, then you will be done but if the bookmaker bet wins you will need to complete further wagering. However, in this example, you will have only reduced the potential profit by a mere 40p.
Generally speaking, free bets are classed as stake not returned (SNR). This is because the value of the free bet token is not included in any winnings. You can use this option for all standard free bets where the stake is not returned. As with the above, you will only need to enter your back stake to see the recommended lay amount, unless the bookie is not in the oddsmatcher.
We’re going to imagine you have a £20 free bet from Betway. You find a good match using the oddsmatcher with back odds of 7.0 and lay odds of 7.2 at Smarkets. The suggested lay amount is £16.71 which returns either £16.40 at the bookie or £16.38 at the exchange, both which are above the target free bet retention of 80%.
Bonus On Win / Bonus On Loss
These modes work in more or less the same way. As the names suggest, one is for receiving a bonus when your bet wins and the other is for a bonus if your bet loses. There are additional fields to fill in with these options. You will need to specify your back stake, bonus amount and a bonus retention percentage (how much you expect to keep after rollover).
We’ll use Bonus On Loss as an example and assume there is an offer that gives a 50% bonus up to £20 if your bet loses. We enter a back stake of £40 at odds of 1.75, with a bonus amount of £20 and a retention of 95%. The lay odds are 1.80 with Smarkets, so the suggested lay amount is £50. If the bookmaker bet wins we will be down £10 but have a £20 bonus with which we hope to retain £19 for an end profit of £9. If the exchange bet wins we will make the £9 instantly.
Freebet On Win / Freebet On Loss
These modes are very similar to the bonus on win/loss options except that the resulting refund will be a SNR free bet. Again, one is for receiving a free bet when your bet wins and the other is for a free bet if your bet loses. You will need to enter your back stake, free bet amount and free bet retention percentage (how much you expect to make from the free bet).
Using Freebet On Win to demonstrate, we will say there is an offer that gives a £10 free bet if your £10 bet wins. Here the oddsmatcher has given us a very nice match of 1.50 with the bookie and 1.51 at Betfair. We enter a £10 back stake, £10 free bet amount and 80% in the free bet retention box and are presented with a suggested lay amount of £15.75. Should the bookmaker bet win, we will initially lose £3.03 but make £8 from the resulting free bet for a total profit of £4.97. If the exchange bet wins, we will make £4.96 instantly.
Freebet With Freebet On Win
This matched betting calculator option is rarely used but is extremely useful when called upon. It’s for offers that give an additional free bet when you win with a free bet. You will need to enter You will need to enter your back stake, free bet amount and free bet retention percentage (how much you expect to make from the free bet).
Let’s assume you have a £50 free bet to use that will give another £50 free bet if you win. Here the back odds are 5.00 and the Betfair lay odds are 5.10. We enter a £50 back stake, £50 free bet amount and 80% in the free bet retention box and are presented with a suggested lay amount of £47.52. If the bookmaker bet wins, we will make £5.17 plus £40 from the resulting free bet for a total of £45.17. If the exchange bet wins, we will have an instant profit of £45.14.
Enhanced Odds As Freebets
This mode is for offers where the additional winnings from enhanced odds are paid as free bets. You’ll need to enter the normal odds in the ’Back odds’ box and the special odds you’ve being given into the ‘Enhanced Odds’ box.
For example, let’s say a bookie has a special offer of 5.00 for a bet that would normally be priced at 2.00 and the enhancement is paid in free bets. The maximum bet is £10 so we enter our stake, then 2.00 Back Odds and 5.00 Enhanced Odds. The lay odds at Betfair are 2.10, so the recommended lay stake is £21.46. If the bookmaker bet wins, you will initially be down £13.61 but can make £24 from the £30 free bet enhancement for a profit of £10.39. The same profit figure will be achieved immediately should the exchange bet win.