As you already probably know, a Matched Betting Calculator is a matched bettors most reliable tool and is a must. Is your best everyday friend. Unless you have a maths degree or you have a real passion for calculus, trying to do some of the lay stake calculations would make your head spin. However, with some coding knowledge and some cleverness, all of the difficult calculations can be worked out in a blink of an eye.
We have a basic matched betting calculator on our site, which can be find here. Unfortunately, a more advanced one is not here yet, however we want to make sure you have all the knowledge you need to take advantage of a more advanced calculator. These ones, can be found on Profit Accumulator, Oddsmonkey, MatchedBets or any other paid match betting sites. If you didn’t signup for one of the above sites, please feel free to register by using the links below. (at the bottom of the page)
Before, we cover the advanced feature of a matched betting calculator, let’s recap the basics. When you are an everyday matched bettor, you are using it for calculating how much you need to lay on the betting exchange to make your trigger back bet risk-free and your free bet as profitable as possible.
To calculate your qualifying bet, you need to have the calculator on NORMAL. Your Back Stake will be the value of the BACK BET, the bet you place at the bookmaker. Your Back Odds are the odds of the bet you placed from bookie; The Back Commission box will almost always be 0%, unless you are placing your bet on a betting exchange.
The Lay Odds are the odds that you have laid your bet at any Exchange Market, such as Betfair, Smarkets, etc. The Lay Commission is the commission from exchange market. Let’s say we use a 5% commission. For the Free Bet, we are using the above settings only this time the caclulator needs to be in FREE SNR.
Now that we covered the basics, let’s move to the more advanced part – Part Lays Calculator.
Part Lay Calculator
A ‘Part Lay’ Calculator is an absolute life-saver when it comes to partially matched bets on the exchange. Sometimes, when you click confirm bet on your lay bet an part of your bet is left ‘unmatched. At first experience, we panic over what to do next, luckily using a Part Lay Calculator will make that panic to go away. You can enable this feature using the bottom right corner, as shown in the image below.
How to use the Part Lay Calculator?
When a bet is partially matched it means that the odds have increased on your chosen Market Exchange, so to rectify the situation we must lay a different amount at the new odds. To understand it better, let’s use an example. Our favorite team is playing so we back bet £10 at odds of 2.0 for them to win. At the exchange was 2.15 when we tried to lay the full amount. After laying our bet, we get the message that our stake was partially matched – Only £5 of our lay stake was matched before the odds increased to 2.2.
Looking at the above screenshot, we can see that the advanced calculator spitted out all the available scenarios. Using the Standard scenario, we can take action for laying the remaining stake. On the following blog posts, we are going to discuss in more details about what underlaying and overlaying means and how we can use these advanced features in our everyday journey towards achieving our matched betting goals. So, please signup for our newsletter so you can be the first to take advantage of our shared knowledge.
Use the buttons below to Signup for Free on Profit Accumulator or Odds Monkey. If you have any doubts on which one to choose, please read our comparison article for “What are the Best Paid Matched Betting sites?“