Matched betting tools: Essential software

One of the main advantages of using a service such as Profit Accumulator is access to matched betting tools and other useful software.

Profit Accumulator's free matched betting calculator is available to everyone but members also get access to more features to help minimise the time needed to maximise profit.

This software makes matched betting far simpler and speeds up the whole process.

Depending on the types of offers you want to do and how advanced your matched betting is. Some useful tools, include:

• Oddsmatching software
• Profit tracking software
• Accumulator bet calculator
• Horse racing refunds oddsmatcher
• Each-way calculator
• Spreadbetting calculator
• Refund calculator
• Match betting mistake calculator
• Spreadex calculator
• Sporting Index calculators

Matched betting calculator

The simple matched betting calculator is where all matched bettors will start out.

It lets us figure out how much to back and lay to make a bet risk-free. The type of bet, back stake, back odds, lay odds and lay commission are factors to let the user know how much to lay, what the liability will and how much profit or loss will be made. The advanced feature lets users know their position, should they want to underlay or overlay their bet.

Oddsmatching software

This is not the same as odds comparison platforms such as Oddschecker. Sometimes know as "automatcher" the oddsmatcher helps users find back and lay bets that are close to each other in price.

Matched bettors look for odds that are closely matched, to limit the amount lost in the qualifying bet stage.

Sometimes, the back odds are better than the lay odds, when an arbitrage bet opportunity arises - also known as an arb.

Profit Accumulator's oddsmatcher is highly customisable, allowing users to filter by bookmaker, sport, market type, exchange, timeframe minimum and maximum odds and much more. There is also a text search function for those looking to bet on a particular event, team or horse.

Profit tracking software

The profit tracking software is designed to replace the need for a matched betting spreadsheet - or at least one of them.

An important aspect of matched betting is keeping track of your money. It's likely to be in multiple betting accounts. The profit tracker helps members keep track of their money, providing a running total on profits.

It too is customisable, with filters and sort options, as well as the capacity to visualise profit over time in the form of a graph.

Read more about Profit Tracker

Each-way bet calculator

This tool helps matched bettors work out the lay stake for each-way bets. It calculates the lay stake for both elements of the each-way bet - the win and the place.

This helps because, betting exchanges regard these as two different bets. It also allows the user to input the exchange commission, the number of places paid by the bookie (one to four, for example) and the Rule 4 deduction - the price change if a horse is withdrawn from a race.

More about the each-way calculator

Matched betting mistake calculator

The Fixabet calculator can be used when you have made an error or if you lay bet is only partially matched.

This can be really useful if you've made a mistake as a way of working out how to get all or some of your money back.

Spread betting calculator

Profit Accumulator's spread betting calculator is one of the more advanced tools available to members.

It can be used for Sporting Index and Spreadex and allows users to calculate their overall position based on buy and sell prices, risk amount and stake override.

It is one of eight advanced calculators available to PA members.

Refund IF calculator

This tool allows users to work out how to "lock in" a profit if a certain event occurs. This is useful for making the most of offers such as "bet paid out as a winner if your team goes two goals ahead".

Horse racing refund oddsmatcher

Match Catcher is a tool that is available as part of Profit Accumulator's Platinum Plus subscription.

It's a type of oddsmatcher but is used to find horse racing refund offers, for example "money back if your horse finishes second". The odds are updated really quickly, to keep pace with the rapid-changing nature of racing.

Football accumulator bet calculator

Acca Catcher is designed to take the work out of matched betting on football accumulators with offers such as acca insurance or refund if one leg lets you down.

Users can see the estimated value and qualifying loss of each acca, and then use the calculator to work through the accumulator as results come in.

Most bookies have different criteria to qualify for an acca refund but Acca Catcher factors this in, meaning the user does not have to worry about it.