Using the Matched Betting Calculator is easy and efficient. Here's a step-by-step guide to help you get started:
Find Your Sportsbook Bet (NOT on Prophet).
Begin by identifying the bet you want to make on your sportsbook. It could be a boosted price they're offering or any other bet you wish to place. Take note of the odds and the size of your bet – this is your "Sportsbook Bet."
Access Prophet Exchange and Determine the Exchange Bet Odds
Next, head over to Prophet Exchange and find the odds for the opposite result to the one you bet on with the sportsbook. If you're using one of our "Prophet Boosts," this would typically be the "No" market. For a standard game, it's merely the odds of the opposing team or outcome you didn't bet on initially. For instance, if the game is Lakers vs. Celtics, and you bet on the Lakers to win with the sportsbook, your "Exchange Bet Odds" would be the odds of the Celtics winning.
Account for the Commission
Commission is a percentage of your winnings that the exchange takes only if you win. At Prophet Exchange, the commission is a mere 2%, and we often have promotions that reduce this number to zero.
Input Values into the Calculator
Once you have the odds and sizes of both your sportsbook bet and the exchange bet, as well as the commission percentage, enter these values into the Matched Betting Calculator.
Obtain the Exchange Stake and Resulting Profit
After entering the required data, the calculator will generate two vital figures;
That's all there is to it! The Matched Betting Calculator takes care of all the math, ensuring a straightforward and user-friendly experience. With the calculations at your disposal, you've just embarked on your matched betting journey, setting the stage for smart and risk-free betting. Enjoy the benefits of matched betting and maximize your earnings!
Using our Free Bet Calculator allows you to find the most profitable way to capitalize on any free bet offers given to you by a traditional sportsbook.
The calculations will display your resulting profits!
Using our Risk-Free Calculator allows you to find the most profitable way to capitalize on any risk-free offers given to you by a traditional sportsbook.
The calculations will display the optimum amount to place on the exchange, accounting for all the different scenarios of either your first bet or risk-free bet winning or losing!
Have you ever wondered about the significant savings you attain by opting for a betting exchange or a traditional sportsbook? The Prophet Exchange Savings Calculator is a user-friendly tool that provides this precise insight in just two easy steps.
Our calculator will instantly generate the savings (or additional winnings) you could accrue each month, simply by using Prophet Exchange to get the best odds on every bet.