Matched Betting Calculator
You can use our free Matched Betting calculator. See full instructions below.
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How to Use the Matched Betting Calculator
Qualifying Bets
Qualifying bets are placed in order to qualify for a bookmaker promotion.
Set the calculator to ‘Normal’ mode at the top.
The calculator will be set to ‘Normal’ by default.
Enter your bookmaker bet amount in the ‘Back Stake’ section.
Then, enter the bookmaker odds you used for the bet in the ‘Back Odds’ section.
Next, enter the betting exchange lay bet odds in the ‘Lay Odds’ section.
Finally, enter the betting exchange commission you pay in the ‘Lay Commission’ section.
You pay 0% commission at Smarkets and Matchbook as a member of OUTPLAYED.
The ‘Results’ section will now be populated.
You will need to use the ‘Lay Amount’ as your lay stake.
You will need at least the ‘Liability‘ amount available in your exchange balance to lay the bet.
Your overall profit/loss from placing your qualifying matched bet will be displayed in the ‘Summary’ section.
Free Bets
Free bets can be used to lock in around 70% – 80% of the free bet value.
Set the calculator to ‘Free Bet SNR’ mode at the top.
Enter your bookmaker’s free bet amount in the ‘Back Stake’ section.
Then, enter the bookmaker odds you used for the free bet in the ‘Back Odds’ section.
Next, enter the betting exchange lay bet odds in the ‘Lay Odds’ section.
Finally, enter the betting exchange commission you pay in the ‘Lay Commission’ section.
You pay 0% commission at Smarkets and Matchbook as a member of OUTPLAYED.
The ‘Results’ section will now be populated.
You will need to use the ‘Lay Amount’ as your lay stake.
You will need at least the ‘Liability‘ amount available in your exchange balance to lay the bet.
Your overall profit from placing your free matched bet will be displayed in the ‘Summary’ section.
Using The Matched Betting Calculator For Refund Offers
You can use the calculator to lock in profits from offers where you are given a free bet or cash if your bet loses.
Set the calculator to ‘Refund’ mode at the top.
Enter your bookmaker bet amount in the ‘Back Stake’ section.
Then, enter the bookmaker odds you used for the bet in the ‘Back Odds’ section.
Next, enter the betting exchange lay bet odds in the ‘Lay Odds’ section.
Enter the betting exchange commission you pay in the ‘Lay Commission’ section.
You pay 0% commission at Smarkets and Matchbook as a member of OUTPLAYED.
Enter the potential free bet or cash amount in the ‘Free Bet Award’ section.
Finally, enter 80 in the ‘Free Bet Retention’ section if the offer is a free bet if your bet loses.
Why 80%?
You use 80% free bet retention in the knowledge that, if you get thew free bet, you can turn it into roughly 80% of the free bet value.
If the offer is a cash refund offer, enter 100 in the ‘Free Bet Retention’ section.
Why 100%?
You use 100% as the retention here because the refund is cash so you keep all of the refund value.
The ‘Results’ section will now be populated.
You will need to use the ‘Lay Amount’ as your lay stake.
You will need at least the ‘Liability‘ amount available in your exchange balance to lay the bet.
Your overall profit from placing your initial matched bet will be displayed in the ‘Summary’ section.
If the bookmaker bet wins, you make an instant profit.
If the bookmaker bet loses you will make a loss, however, you can then use the free bet to lock in a profit overall.
Using The Matched Betting Calculator For Price Boosts
You can use the calculator to lock in profits from price boosts.
The back odds must be higher than the lay odds for the price boost to be profitable.
For price boosts, you can leave the calculator in ‘Normal’ mode just as you would when doing a qualifying bet.
The overall profit you will lock in from the price boost matched bet will be displayed in the ‘Summary’ section.
Please always check your back and lay bets.
We will not be held responsible for any mistakes or losses incurred by the use of our Matched Betting calculator.