Matched betting calculator

Our matched betting calculator is one of the most important tools for matched bettors. It calculates the exact amount your lay stake should be, how much your liability will be and above all, how much guaranteed profit you’ll make.

We’ve made our lay bet calculator free for anyone to use, so read on to find out how you can benefit from using this tool.

Not sure what matched betting is? Check out this article and start making money online today.

Bet Type
Back Stake:
Back Odds:
Back Commission:
Lay Odds:
Lay Commission:
Lay Stake Required: £ Calculate
Results
Bookie Exchange Total
If Back Bet Wins
=
If Lay Bet Wins
=
Results
Bookie Exchange Refund Total
If Back Bet Wins
=
If Lay Bet Wins
=

When to use our risk free bet calculator

Use our back lay calculator to work out the three different bet types below:

    • Qualifying bets – you’re qualifying for a free bet or placing an arb
    • Free bets – you already have a free bet to use
  • Risk free bets – you have a risk free bet to use

No matter which bet type you pick, the lay bet calculator tells you the exact outcome for either a bookie (back bet) win or an exchange (lay bet) win. The back lay calculator is designed to maximise your profit from each bet type.

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Why do we need a lay bet calculator?

The maths behind no risk matched betting is rather complicated and working out the correct numbers for each bet individually would be a time consuming process.

That’s where our lay bet calculator comes in handy.

The calculator makes the whole matched betting process more efficient by saving time and allowing you to work out the most profitable bets. All of which help you maximise your income in 2018.

Understanding the match bet calculator terms

Before we look at how to use the matched betting calculator, let’s go through the terms used in the tool.

Back stake – This is the amount you bet at the bookmaker.

Back odds – The odds of a selected market at the bookie.

Lay odds – The odds of a selected market at the betting exchange.

Back commission – This is the percentage of net winnings the bookie takes, almost always zero.

Lay commission – Percentage of net winnings the betting exchange take, 2% for Smarkets and 5% for Betfair (more on this below).

Stake returned (for free bets) – Sometimes the bookies return the stake from a free bet, however this is quite rare. Therefore you won’t need to touch the Stake Returned box very often.

Refund (for risk free bets) – The amount the bookie refund you on a losing bet.

Lay stake required – This is the amount you need to bet at the betting exchange. The risk free bet calculator works out the required lay stake to either minimise losses or maximise profits depending on what bet type you select.

How to use the matched betting calculator

Our matched betting calculator, sometimes called a back lay calculator, lay bet calculator or a risk free bet calculator does all the complex maths for you and it’s incredibly easy to use.

Follow the simple steps below and use the matched bet calculator like a pro:

Pick the right bet type

Qualifying bet

Choose this option when you are qualifying for a free bet or bonus:

  1. Select Qualifying bet from the drop down menu
  2. Enter the back stake – the amount you need to place to qualify for the free bet or bonus
  3. The back odds at the bookmaker
  4. The lay odds at the betting exchange
  5. And finally, the exchange commission rate

Note, the ‘Calculate’ button will only show once the required figures have been entered. The lay bet calculator works out the most effective lay stake to minimise your loss from this bet.

Free bet

Use this bet type when you have a free bet from a bookmaker or betting exchange.

  1. Select Free bet from the drop down menu
  2. Enter the back stake – the free bet or bonus amount
  3. The back odds at the bookmaker
  4. The lay odds at the betting exchange
  5. And finally, the exchange commission rate

The calculator works out the lay stake to maximise your profit from the free bet. Typically you should aim to extract 80% from the free bet.

Our match bet calculator also allows you to differentiate between a stake returned free bet and a stake not returned free bet. This added functionality ensures you maximise your profit from every free bet out there. However, the stake returned box can generally be left unchecked.

Risk free bet

Use this bet type when completing a risk free bet.

  1. Select Risk free bet from the drop down menu
  2. Enter the back stake – the free bet or bonus amount
  3. The back odds at the bookmaker
  4. The lay odds at the betting exchange
  5. The exchange commission rate
  6. And the refund amount – the amount you’ll receive if the bookie bet loses (specifically for risk free bets)

You’ll receive your refund either in the form of a free bet or a straight cash deposit into your account.

If it’s a straight cash refund, enter the same amount (in the refund box) as the back stake. If your refund is in the form of a free bet, you need to multiply the back stake by 0.8 as you’ll aim to extract 80% from the refunded free bet.

The risk free bet calculator will work out the optimal lay stake to maximise your profit from this bet.

Commission in our back lay calculator

The amount of commission you pay varies depending on which betting exchange you’re using.

Here’s a quick look at the commission rates for the most popular betting exchanges:

  • Smarkets – 2%
  • Betfair – 5%
  • Betdaq – 5%
  • Matchbook – 1.5%

Note: The lay commission in our matched betting calculator has a default set to 2% to account for the Smarkets commission rate. If you use another betting exchange like Betfair you can simply alter this amount accordingly.

Unlike other matched betting calculators our back lay calculator lets you alter the back commission. This is useful if you want to place a back bet at a betting exchange. The calculator has a default value of 0% for the back commission so change it accordingly if you need to.

If you’re not sure what we’re on about I suggest you check out our matched betting guide.

Matched betting calculator pro tips

Use these matched betting calculator tips to ensure you get the most out of this awesome tool.

Tip #1 – Always use the match betting calculator

Our first tip is to always use the match bet calculator. This one might seem a little self explanatory, however, you’ll be surprised at the number of people who don’t use the matched bet calculator enough.

As you progress with your no risk matched betting and become more experienced, you may feel you can calculate your own stakes.

Arguably you probably could, however, this is something I would strongly avoid doing. It can lead to costly, unnecessary mistakes which could impact your profitability.

Therefore, whether you’re completing a qualifying bet, a free bet, a risk free bet or a price boost make sure you use the lay bet calculator.

All in all, stick with the matched betting calculator and you’ll be in safe hands when it comes to working out your overall profit and lay stakes.

Tip #2 – Double check everything

The matched betting calculator is an awesome tool. However, it only works out the optimal results based on the numbers you input (what you actually enter into the calculator).

Therefore, as with anything in matched betting, it’s important to double check everything.

This includes checking over the match bet calculator to ensure you’ve entered everything correctly. One slight mistake could significantly alter the outcome of your bets and potentially leave large amounts of profit on the table.

If you like using multiple betting exchanges, always double check the exchange (lay) commission rate.

You’re probably aware the commission rate changes between different betting exchanges.

As we mentioned above, the lay commission on our betting calculator has a default set to 2% to account for the Smarkets commission. However, you can change this as and when you need to.

For more awesome matched betting tips, check out this article.

Matched betting with The Sure Bettor

Matched betting is the number one way to make money online in 2018. Period.

However, for some beginners, starting no risk matched betting can be a challenging concept. This is why it’s advisable to sign up to a matched betting site like The Sure Bettor.

It’s not just the lay bet calculator you’ll have access to, below are more reasons to join:

  • Access to hundreds of tutorials that walk you through the entire process
  • Advanced tools to increase the profitability of your matched betting
  • An awesome support network along with a brilliant matched betting forum

And plenty more…

It really does pay to join one of the best matched betting sites around. You can find out what our existing members think here.

If you’re unsure about any of the terms we’ve used above, be sure to check out the articles below or head to the matched betting blog where you’ll find all the latest news and information.

Back and lay betting
Matched betting key terms
Matched betting for dummies

In the meantime enjoy using our matched betting calculator.

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