Did you know that you could make real money from the matched betting free calculator offered by bookmakers? For cricket Satta or any sports betting veteran, matched betting bets is a no-risk way of making assured profits. Also known as ‘no-risk betting,’ matched bets take advantage of the free bet incentives that bookies offer. So, how do these risk-free bet calculator offers work?
You begin by placing a back bet. Say, you back Team X, to win. Then, you put a lay bet at a betting exchange for Team X to not win. The lay bet is placed to cancel out the risks on the back bet. Once you have made your first bet with the bookie, you will receive the free bet regardless of whether you lost or won. Now you can use the free bet bonus amount to repeat the back and lay process. Matched betting assures an all-time profit because you are actually playing with the free bet money but still get to keep the winnings.
Matched betting relies on mathematical calculations, rather than chance. But don’t scratch your heads already, because we’ll tell you how the matched betting works.
How to Use Matched Betting Bets Calculator
Matched is fascinating but it requires a lot of calculations. Just use an online matched betting calculator, and you are good to go. A match betting calculator will help you calculate and judiciously place the back and lay bets. In a nutshell, it will calculate the returns or profit from the stakes. In contrast, an odds calculator helps you place free bets in a way that will fetch maximum profits. It will let you know your potential earning if you place a winning bet.
A match betting calculator is quite easy to use. The calculator will tell you the exact amount to bet at the betting exchange. In this way, you will maximize the overall profit and minimize the initial losses, regardless of the outcome. What’s more, you can even use cricket betting rates and live betting rates in the calculator. Several websites offer free online match betting calculators. Though different in design, they have the same working mechanism. Follow these steps to use one:
Calculating the qualifying bet
- Enter an amount under ‘Back Stake‘. It’s the stake you place at the bookie.
- The ‘Back Odds‘ indicate the odds of the bet that you have placed at the bookie.
- The ‘Back Commission‘ box will mostly show 0% unless it’s a betting exchange. Some calculators may not show the Back Commission box at all.
- The ‘Lay Odds‘ indicate the odds of the bet that you have placed at the betting exchange.
- Next, you will find the ‘Lay Commission‘ box. The value of the lay commission varies with each betting exchange. So make sure you enter the correct figure.
- Once you have filled in all the fields, the calculator will show you the results.
Calculating free bets
- Change the type of bet from ‘Normal’ to ‘Free Bet SNR’ (Stake Not Returned).
- Enter the values in the ‘Back Stake,’ ‘Back Odds,’ ‘Lay Odds’ and ‘Lay Commission’ boxes to get the results.
How to Calculate a Qualifying Matched Bet
If you’re interested in the math of matched betting, we’ll show you how the matched betting bets are calculated. The qualifying bet is essential if you want to get the bookie’s bonus. So, let’s begin the math by using a supposed reward of “Bet INR 100, get INR 100 free bet”. Say, you back the IPL team Mumbai Indians to beat the Chennai Super Kings with the bookmaker at odds of 1.5. You also lay Mumbai on a betting exchange for 1.8, at a lay commission of 5%.
1. Ideal lay stake
Lay stake = back odds * back stake / (lay odds – commission)
For our example,
Lay stake = 1.5 * 100 / (1.8-0.05) = INR 85.7
2. If back bet wins
Profit = back stake * (back odds – 1) – lay stake * (lay odds – 1)
For our example,
Profit = 100 * (1.5-1) – 85.7* (1.8-1) = – INR 18.56
3. If lay bet wins
Profit = lay stake * (1 – commission) – back stake
For our example,
Profit = 85.7 * (1-0.05) – 100 = – INR 18.58
How to Calculate a Risk-Free Bet Stake Not Returned Matched Betting
You will receive your free bonus once you’ve placed your risk-free qualifying bet. Now you will place the bet using the bonus given by the bookie. We’ll show the calculations using the same example as before. But this time, say, the back odds are 5.0, and the lay odds are 5.2. The lay commission is 5%.
- Ideal lay stake
Lay stake = (back odds – 1) / (lay odds – commission) * free bet size
For our example,
Lay stake = (5.0-1) / (5.2 -0.05) * 100 = INR 77.67
- If the free bet wins
Profit = (back odds – 1) * free bet size – (lay odds – 1) * lay stake
For our example,
Profit = (5-1) * 100 – (5.2-1) * 77.67 = INR 73.79
- If the lay bet wins
Profit = lay stake * (1 – commission)
For our example,
Profit = 77.67 * (1-0.05) = INR 73.79
- Final profit
Profit = lay stake * (1 – commission)
For our example,
Profit = 77.67 * (1-0.05) = INR 73.79
How to Calculate a Risk-Free Bet Stake Returned Matched Betting
In this case, the bookmaker will return the Risk-free bet along with your winnings. So if we use the hypothetical “Bet INR 100, get INR 100 free bet” example, the free bet amount worth INR 100 will be returned to you with the profit. Let’s say you have placed INR 100 with the bookmaker Mumbai Indians at 4.0 to beat Chennai Super Kings and lay Mumbai for 4.2 on the betting exchange. The lay commission is 5%. The calculations will be something like:
- Ideal lay stake
Lay stake = (back odds * free bet value) / (lay odds – commission)
For our example,
Lay stake = (4.0*100) / (4.2-0.05) = INR 96.38
- If the free bet wins
Profit = free bet value * back odds – lay stake * (lay odds – 1)
For our example,
Profit = 100 * 4.0 – 96.38 * (4.2-1) = INR 91.58
- If the lay bet wins
Profit = (1 – commission) * lay stake
For our example,
Profit = (1-0.05) * 100 = INR 91.56
- Final profit
Final profit = (1 – commission) * lay stake
For our example,
Profit = (1-0.05) * 100 = INR 91.56
Conclusion
Matched betting bets hardly depends on chance. What’s more, you can place multiple bets with assured profits. The math behind the technique is pretty straightforward. All you have to do is understand terms like back bet, lay bet, back odds, and so on, mean. You can also use an online matched betting calculator that gets the work done in seconds. So buckle up and make the best out of those free bets that your bookie has to offer.
