Matched Betting Calculator (Free Bet Calculator)

Bet Type

Mode

Back Stake

Back Odds

Back Commission

Lay Odds

Lay Commission

Part lays

Matched Betting Calculator

The matched betting calculator or ‘free bet calculator’ as some call it is without a shadow of a doubt the number 1 tool in a matched bettor’s arsenal. The free bet calculator can be used for a normal bet or for a free bet. Simply enter the figures and the matched betting calculator (free bet calculator) does all of the leg work for you. It tells you exactly how much to Back and how much to Lay. Keep it in simple mode for all your risk free betting needs, but if you’re a pro at this, you can use the advanced calculator drop down on the matched betting calculator under ‘Mode’. In this mode you have a slider, where you can ‘underlay’ or ‘overlay’.

What Is Matched Betting?

Matched betting is simply turning a free bet from the bookmaker into real money in your pocket. There is no risk involved because you ‘back’ (bet for) and ‘lay’ (bet against) the same outcome of a particular sporting event. But because you have a free bet, you can extract value as you know one side of the bet will win.

For example, select ‘Free Bet (SNR)*’ on the matched betting calculator and let’s say the free bet was £50. Enter £50 into the back stake. There will be 0 commission from a bookmaker. Enter the odds, for argument’s sake let’s say the back odds are 7.0.

Now enter the lay odds, so you would find the same event on an exchange betting site. The three main ones are Smarkets (2% commission), Matchbook (1% commission) and Betfair (5% commission). Say we picked Smarkets and the lay odds are 7.5 and 2% commission.

The free bet calculator will tell you that your lay stake is £40.11. However, your liability is £260.71, this is the amount needed to cover the bet. Now, the exciting part. Win, lose or draw. The free bet calculator tells you that you have just made a cool, risk free £39.29. So there you have it, £40 in cash, banked after just one bet. And the best bit? There are hundreds of free bets available all the time.

No Risk Matched Betting

If you are a complete newbie or want to learn a bit more about matched betting, check out my blog:

How I Made Over £13k Matched Betting (AND HOW YOU CAN TOO)

Free Bet sign Ups

Up To £100 In Free Bets!

New Customers Only. Cash stakes only. Min £5 stake required for initial £5 free bet. Min odds 1.5. Max £100 in free bets. Qualifying bet must be placed within 30 days of opening account. Free bet expires after 7 days.