Matched betting is a strategy used by sports bettors to almost guarantee profit. By using free bets to cover all outcomes of a sporting event, matched betting allows you to take advantage of the bookmakers and the offers they provide to both new and existing customers. This mathematical strategy is used by many people around the world.
Many of these punters who decide to partake in matched betting also make use of the many tools and software available in order to streamline the matched betting process. For those wanting to start matched betting but not sure of what tools are available, this article is for you. We will go over some of the very best tools out there to help improve your efficiency when matched betting, as well as touch on some of the top software providers available.
Why Use Matched Betting Tools – Matched betting tools are great resources for those who want to engage with matched betting for numerous reasons. One reason is the added efficiency they bring. Matched betting involves complex calculations, and matched betting tools can help save time by doing the calculations for you.
Finding odds suitable for a matched bet can also be very time-consuming, so using matched betting tools can once again help you save time and energy.
Furthermore, although there is little risk involved in matched betting, there is always the possibility of you doing the maths wrong or making a mistake due to human error. Matched betting tools take this problem away and minimise the amount of mistakes you make. Matched Betting Calculator –
A matched betting calculator is a crucial tool for individuals engaged in matched betting. Matched betting calculators let players figure out their expected profits and losses before placing the bet. You insert information such as the back bet, the odds for the lay bet, stake amounts, and a few other pieces. After inserting all this information, the calculator will provide you with the amount you should place on both sides of the bet in order to make a profit on either side of the result.
By using a matched betting calculator, individuals can optimise their bets to achieve the desired profit outcome with minimal risk. These calculators are instrumental in helping the bettors navigate the intricacies of matched betting, especially when dealing with multiple bookmakers and varying odds.
Odds Matching Software –
Odds matching software is another tool designed to assist individuals engaged in matched betting. The primary purpose of odds-matching software is to identify and compare the odds offered by different bookmakers for a particular sporting event. By doing so, bettors can strategically place their bets to cover all possible outcomes and secure a guaranteed profit.
Users input the details of a specific sporting event, and the software scans various bookmakers and betting exchanges to gather and compare the odds offered for the selected event. Based on the gathered information, the software calculates the ideal stakes for placing both the back and lay bet.
By using odds-matching software, punters can save a lot of time and effort while also maximising any profits by guaranteeing you are betting on the right fixture.
Offers Calendar – An offers calendar is a tool that provides users with a schedule of upcoming promotions, bonuses, and special offers offered by various bookmakers. This tool is particularly useful for individuals engaged in matched betting as it allows them to plan their betting activities strategically.
An offers calendar typically displays a timeline of upcoming promotions and bonuses offered by different bookmakers. This includes details such as the type of promotion, the specific events or markets it applied to, and the duration of the offer.
Profit Tracker –
A profit tracker is a system used to record and monitor the financial outcomes of betting activities. They allow you to keep track of your bankroll and any profits or losses. By using a profit tracker, matched bettors can gain valuable insights into their betting activities, identify patterns and make data-driven decisions when matched betting.
Match Catcher – Matcher catchers are tools used to help you place bets using horse racing refunds. Horse racing refunds have the potential to be a very profitable form of matched betting reload offers. The match catcher removes the need to search through and compare odds manually from bookmakers and betting exchanges for horse races, and instead, the match catcher compares the odds for you within minutes.
Acca Catcher – The acca catcher is a tool that is used to find the best combination of games for matched betting. It helps you build an accumulator that will generate the best odds for matched betting, and alerts you when each of the bets in your acca should be laid in order to secure a win on either side of the bet.
Each Way Catcher – The each-way catcher is very similar to other catcher tools but is instead specifically used for each-way betting, particularly in horse racing.
Best Matched Betting Software –
There are countless matched betting software out there, with some being more popular and more useful than others. One of the more popular matched betting software out there is OddsMonkey, a comprehensive matched betting service that offers many of the features mentioned above.
Summary –
Within matched betting, using the right tools can make all the difference between success and missed opportunities. From odds-matching software that compares bookmaker odds to matched betting calculators automating complex equations, these tools streamline the process, saving time and minimising the risk of errors.
