Here it is. The Yesbets Matched Betting Calculator. This is the free tool you can use to match any bets you like and see your profit margin appear in the blink of an eye. It’s well worthy of the capitals.
Whether you’re a sports fan or somebody who just wants to make profit, the process of using the Matched Betting Calculator remains the same.
Your first port of call is to pick an event to bet on. We can see our back bet on the left, with our lay bet on the right. They sit in this order for two very good reasons - a) we should always place our back bet first; b) betting exchanges also list them in this order.
Having found your event, place your back bet odds and the amount you wish to bet - your stake - in the relevant boxes of the Back section.
Now, head for an exchange. If you’re new to this, we recommend Betfair - the largest betting exchange in the world. Sift your way through the many markets and find the lay odds that correspond to the event you backed. A word to the wise - make sure the markets match.
Enter your lay odds in the Betting Calculator, which then does the sums to give you your lay stake and your profit. Any profits are helpfully highlighted green, while losses are indicated red.
Although...you do have options.
In the little white box in the lay bet section, the drop down button allows to select either Standard, Underlay or Overlay.
Standard Matched Bets
The standard matched bet option balances our lay stake with our back stake to ensure that our profit/loss margin is identical regardless of the outcome. Safe.
Contrary to popular belief, Underlay is not what Mexican carpet fitters use as a base layer. But it can be useful to use when matching bets.
Lays a lower stake.
If the lay odds are lower than back odds, underlaying will make more profit if the back bet wins, but no profit if lay bet wins. This is useful if you expect a back win/lay loss, to maximise profit with no risk of loss.
If our lay odds are higher than our back odds, underlaying will incur a higher loss if the lay bet wins, but no loss if the back bet wins. This can be useful if you only qualify for a free bet or a similar bonus if the lay wins. The free bet will cover your loss if the lay wins, and you’ll make no loss if the back wins.
Ready for the carpet? There may be events that will be suitable for overlaying. And here’s why.
Lays a higher stake.
If the lay odds are lower than back odds, overlaying will make more profit if the lay bet wins, but no profit if back bet wins. This can be useful if you expect a lay win/back loss, to maximise profit with no risk of loss.
If our lay odds are higher than back odds, overlaying will incur a higher loss if the back bet wins, but no loss if the lay bet wins. This can be useful if venturing for a free bet or bonus offer that only kicks in if the back bet wins. The free bet will cover your loss if back wins, and you’ll make no loss if the lay wins.
Why Sign up to Yesbets?
We know what you’re thinking. If this Matched Betting Calculator is free to use, why should you sign up to Yesbets?
Well, first off, Yesbets takes the legwork away from you. You can put in any event you like into this free calculator. Gor for it. Which event will you pick? And how can you guarantee that event is going to be the most profitable?
The Yesbets OddsMatcher trawls hundreds of thousands of markets and lists the most profitable matches automatically, in profit order. You might not care about the outcome of Napoli v Lazio, and you might not even think to check. But if that game’s correct score market is going to make you 85% profit rather than the 60% profit from the outright result of Liverpool v Manchester United, which are you going to bet on? In short, Yesbets maximises your profit.
Yesbets also records all bets and profits made so we easily keep track of how much we have invested and how much profit we’ve made. Benefit? Saves you time and spurs you on to maximise your free betting profit.
And there’s the Advanced Calculator feature.
Ooooh. Here we can calculate partially matched lay bets at different odds. Say for example we want to bet on a high profile horse race like the 2,000 Guineas. As we approach race time odds of horses can drift, which could potentially leave us with only a partially matched bet in the betting exchange, leading to incorrect summations of profit. The Advanced Calculator lets us add the different odds so we still end up with matched bets at the new odds, giving us accurate profit when our nag passes the post.
The Advanced Calculator also offers a slider to calculate different levels of under/overlays for more control. So if we are sure Spurs are going to win, for example, we can simply slide along the margin to see the relevant stakes we need to bet to maximise our profit while mitigating any losses.
Which bookie do you go for? Yesbets lists all of the sign-up offers in our Sign-Up section. There are hundreds of bookies out there, some of whom you won’t have heard of. You could trawl Google for hours searching for those with the best offers, or you could let Yesbets do it for you in a jiffy.
And then there’s the reloads. Remember all those bookies offering you free bets to sign-up? They offer reload bonuses to keep us betting. Yesbets lists all of these, grouping them by sport, indicating how long we’ve got to claim them and using a colour-coding system to highlight the level of user experience recommended for each offer. We can also refine these results by bookie and sport and sort by guaranteed or non-guaranteed profit and with or without win conditions, making it easier to sift the best reload bonuses.
Plus you get access to plenty of help. Not only from Yesbets “experts”, but also fellow matched bettors on our private Facebook group with years of experience and thousands of pounds worth of profit under their belts.
Sounds good? You bet it does.