Matched Betting Calculator

'Matched Betting' is a technique used to profit from bookmaker sports offers (such as free bets) with minimal risk. After placing an initial 'back' bet with a bookmaker, a 'lay' bet can be placed on a betting exchange to cover all outcomes. The stake of the lay bet must be calculated depending on various factors, such as the back bet stake, markets odds, exchange commission etc.

Matched Betting Calculator is a free app providing several types of matched betting calculators for mobile devices. The app is designed to produce quick calculations and allow for easy placement of lay bets. It is an excellent tool to have at your disposal for rapid placement of matched bets.

Record your bets using the save bets function and set yourself notification reminders to keep you on top of your matched betting tasks.

Odds are required in decimal format for input to the calculators. An odds conversion tool has been included to convert between fractional, decimal and American odds formats.

Calculators:

- Matched Betting Calculator:

Standard matched betting calculator for normal (qualifier), stake not returned (SNR) and stake returned (SR) free bets. Can also be used for arbitrage bets. Option to include partial lay bets and back bet commission. Results displayed as normal, underlay, overlay or custom (custom lay stake).

- Each Way Calculator:

For each way matched bets (normal, SNR and SR). Also used for calculating profit from extra place offers, where the bookmaker pays out more places than the betting exchange.

- Refund Calculator:

For offers which refund losing bets as cash or free bet. Risk free bet strategy to lock in profit.

- Refund If Calculator:

For offers where the bookmaker refunds stakes as either cash or free bet due a specific outcome or trigger happening. For example, a refund on bets on a football game if a specific player scores, or a refund on a horse racing bet if the favourite wins. Can also be used for popular 4/1 offers.

- Early Payout Calculator:

For offers where the bookmaker pays out early during an event. For example, they pay out a football team as the winner if they go 2 goals up during the game (2-up offer). Calculates in-play back stake to lock in a profit. Option for user to vary input back stake.

- Odds Converter Calculator:

Converts between decimal, fractional and American odds. Also shows implied probability.

Features:

- Instant calculations on input of data

- Save bets and view saved bets

- Copy lay stakes to clipboard

- Clear button on each calculator

- Set reminder notifications for a time in the future

- Settings: default lay commission, default place payout and change currency symbol (£, $ or €)

Please note that this application strongly discourages gambling. The calculators are provided to assist with matched betting strategies to profit from bookmaker offers with minimal risk. The user should have prior knowledge of matched betting strategies before using this app.

Italian language now added.