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Matched Bet Calculator 2024

Free Matched Betting Calculator

Last Updated on 09/04/2024
Fact checked by: James Leeland

When a matched betting strategy is used in the right way and at the right times, it can serve as a very successful approach to online sports betting in the UK.

Our guide to using our matched bet calculator will show you why using this tool in conjunction with the betting strategy is one you may want to consider. Aside from the fact that it works out your potential payouts for you, our matched bet calculator helps punters to avoid small errors that could lead to disastrous bets.

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What is a matched bet calculator? The finer details

There are few betting strategies that are effective yet controversial at the same time. At its core, there really is absolutely nothing wrong with using a matched betting strategy. You aren’t cheating or even defrauding the sportsbooks that you use this strategy with.

With that said, most online sportsbooks typically frown on this kind of betting strategy and have been known to block accounts if they are found to be using them. A matched betting strategy is basically betting on a team to win and then betting on that same team to lose with a different betting exchange. However, the crucial factor is how you do it. This is done by using a free bet offer on a sportsbook site, which you will usually need to place a qualifying bet to place. You back and lay this bet and make a small loss, but that's intentional — the key is to qualify for the free bet, in which you will cover that qualifying loss along with an additional profit. You would then place your free bet at the bookmaker's site and then bet the same amount on the betting exchange on the opposite result.

Where our calculator comes in

It is possible to use a matched betting strategy with just your own wits but it can leave you open to silly errors and miscalculations. Our matched bet calculator can help you avoid these errors. It takes your lay odds and your back odds and shows you what you need to bet in order to walk away with some profit. You’ll also be able to see the overall liability of the bet as well. By using a matched bet calculator, you will know exactly where you stand with your matched betting strategy before you even place your bets. This saves you time and money.

Why you need a matched bet calculator - giving you a boost

As we previously mentioned, the actual idea of a matched betting strategy is quite simple. Where things get more difficult is understanding where your value balances out and what odds are going to get you to at least some kind of profit. That is where our matched bet calculator steps in.

Appreciating where the value is

Firstly, our matched bet calculator can help you see where your profits will come from whether your bet is using a free bet bonus or if it is just a standard bet. Like our other sports betting calculators, a big factor of what you are trying to work out is what your overall profits will be. When it comes to a matched betting strategy it can be difficult to know what set of odds are going to give you what you need to get there. With our matched bet calculator, you won’t have to spend any time at all trying to work out, it does all the work for you.

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Why you need to use a matched bet calculator - it saves you time

Our matched bet calculator is not just a glorified calculator showing you what you could earn; it really is so much more than that. In addition to giving your potential payout figures, our matched bet calculator will show you exactly what you need to bet in order to make the whole thing worth your while.

Know what to bet, know what sportsbooks to use

When you enter your odds into our matched bet calculator, it will show you where your profits stand. This you know. However, if your initial figures put you at a loss or a minor profit, our matched bet calculator can show you what you should be betting on those specific odds if you want to walk away with a decent return.

The usefulness of our matched bet calculator doesn’t stop there though. By playing around with our matched bet calculator, you can see if the odds being offered to you by a certain sportsbook are even worth it. When you compare more of the odds available to you on different sites, you will soon start to notice exactly who is providing you with a value bet chance.

Top tips for using a matched bet calculator for the first time - be prepared

There is so much to like about using our matched bet calculator, but that doesn’t mean that you shouldn’t be prepared before you use it. As such we have put some tips together for you to keep in mind when you use our matched bet calculator for the first time:

Shop around

Our matched bet calculator will help you to understand what you need to do to make a profit. What it can do for you is find odds that you are interested in. So, it's a good idea to shop around on a number of different sportsbooks and betting exchanges and compare their odds with our matched bet calculator to see what platform is giving you the best value.

Practice, practice and more practice

Just as you would with our fantastic and versatile bet calculator lucky 15 or our lucky 31 bet calculator, you need to keep practising with our matched bet calculator. The more you practice, the more accustomed to the odds you will become and the less research you will have to do to know where the real value bets are. With time using our matched bet calculator, your knowledge of the odds and how to use them effectively will grow.

Remember to move around

This has less to do with our matched bet calculator itself and more with the sportsbooks you use. Try to move around when you use a matched betting strategy. Some sportsbooks don’t enjoy people using this strategy on their sites repeatedly so it's better to keep shuffling your sportsbook bets around if you can. 

Other calculators we offer at Betting.co.uk

If you feel like a matched betting strategy might not be for you, that’s completely fine. We have every other kind of option, including one you can use to get the best bet calculator odds to suit your plethora of different betting strategies. Apart from our superpowered combination tricast calculator UK, here are a few of the best calculators that we offer on our site, for free:

  • Betting odds calculator: you’ll find that our betting odds calculator can make your life much easier by showing you how your odds and your wagers affect your overall payout.
  • Odds value calculator: if you are looking for a simple way to understand the value of your odds, this is the calculator you should be using on our site.
  • Betting odds converter: there are plenty of punters who enjoy mixing and matching with their betting odds types. If you are one of them, you can convert the odds with our betting odds converter at any time to a type of odds that you prefer.
  • Accumulator calculator: trying to figure out what your payouts for an acca bet might look like? Well, our accumulator returns calculator has you covered there.
  • Hedging calculator: hedging your bets is an interesting approach to online sports betting but it needs an efficient calculator alongside it to make sure you are staying out of the red. Our hedging coalition will make your life easy by showing where you need to bet and how much as well.
  • Sports betting hold calculator: this is an option that many punters will know to use but it's still very important. Sportsbooks will put a hold percentage on your bets and it's worthwhile to know which of them are going too far with these percentages.

Calculator overview:

Conclusion to using our matched bet calculator

In our opinion, there is absolutely nothing wrong with using a good matched betting strategy. And while sportsbooks in the UK might not feel the same, you are completely within your rights to use this kind of strategy. The only thing that you really need to do is pair this strategy with our highly functional and completely free matched betting calculator UK. Our free matched betting calculator is the most effective calculator you are likely to find in the UK. Our punters trust our calculator and for good reason.

The more you use it, the more you will come to realise just how easy it makes your life when you are using a matched betting strategy. Check back in with us at any time to use more of our calculators, like our reverse dutching calculator or our patent calculator. We have everything you could ever need on our site for your future betting endeavours.

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Matched Bet Calculator 2024 FAQ

📍Is matched betting illegal?

There are many punters in the UK who like to use a matched betting strategy. And there are sportsbooks that are not incredibly fond of the idea at present. As such, it's important for you to know where you stand when it comes to a matched betting strategy. Our guide to using our matched betting calculator will let you know where you stand right now with regards to legally using a matched betting strategy in the UK. 

💳How do I go about matched betting in the first place?

If you are considering using a matched betting strategy, you’ll need to know the ins and outs of how it all works. Well, our guide will give you a detailed look at what a matched betting strategy is and how you can go about using it effectively. It can be an incredibly useful tool in any punters’ gambling arsenal, so be sure to check out the guide to learn more. 

💻 How does a matched betting calculator help my cause?

A matched betting strategy can be used on a number of different sports and in several different ways. This can make understanding your payouts and how valuable the odds are a little more confusing. As such, it's a good idea to read our guide so that you can learn more about why you need a matched betting calculator before you start, and find out what benefits it can provide for your betting endeavours. 

❓Is it difficult to use a matched betting calculator?

Every betting calculator will come with its own unique set of approaches. This can be found with a  matched betting calculator as well. Whether or not it is difficult to use will depend on the quality of the calculator itself. Luckily for you, our free matched betting calculator is of the highest quality. Check out our guide to using it so that you can test it out for yourself. 

👀How is a matched betting calculator different from other betting calculators?

As you may know by now, there are plenty of other betting calculators on our site for you to use. With that being said, you may be wondering how all of these calculators actually differ from a matched betting calculator. Well, our guide on using our matched betting calculator will shed some light on what these differences are and why you need a free matched betting calculator especially for this type of betting strategy.  

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