Matched betting calculator Arguably the most important tool for matched bettors is the matched betting calculator. This tool is used to calculate various important numbers such as the required stake along with the amount of profit you’ll make from an offer. The 'Bonusbank - Matched Betting' app is a great way to access quality matched betting tools and content while on the move. Anyone can download the app to read the beginner tutorials and use a standard matched betting calculator free of charge.

While with run of the mill betting your pockets can seem as leaky as a Frank Lampard back four, matched betting allows gamers to turn a reasonable profit without the hand wringing that comes with failed accumulator after failed accumulator. Put simply: it’s maths, not magic.

If you’re serious about matched betting, it’s worth familiarising yourself with the best services out there which can help you maximise your profits. Here, we’ll walk you through the top five matched betting facilities.

1. Profit Accumulator

Profits accumulator is perhaps the most well-known and reputable matched betting service out there. Whether you’re a young gunslinger or an old pro in this data-driven wild west, Profit Accumulator is an incredibly useful and tactile tool.

For beginners, it does a superb job of walking players through the entire process. With numbers flashing before your eyes like a space shuttle’s dashboard, the whole matched betting process can seem a little daunting. But Profit Accumulator explains the system step by step through detailed but easy to follow tutorials.

One of Profit Accumulator’s greatest strength is the numbers of offers they find, display, and perpetually update. It’s a system which allows players to squeeze every last drop of juice from the matched betting fruit.

They offer a free 7-day trial, which allows players to get to grips with the software. After that, Profit Accumulator charges members £19.99/month, or £150/year. But with a 30-day money-back promise and clear signposts telling you in no uncertain terms how much you are guaranteed to earn, the monthly rate is well worth it.

2. OddsMonkey

OddsMonkey was there at the genesis of matched betting, describing themselves as the “original automated odds matching software.” Similar copycat sites have begun to pop up at the same rate as brassy, virus-riddle adverts on a dodgy live stream. But in OddsMonkey, you’ve got a truly trustworthy old-timer with well over half a decade’s experience.

Their website is one of the easiest to navigate, with a clean and comprehensible interface. They offer a week-long free trial which guarantees up to £56 profit. Their premium service costs £19.99/month, or £150/year.

The OddsMonkey community is perhaps the most active out there. There’s always someone on hand to answer a query or discuss the nuances of matched betting with. One of the site’s best features is being able to link your Betfair and OddsMonkey accounts, which makes for a seamless matched betting experience without needing to jump from app to app.

We're legally required to state that there is no guarantee of specific results each month. The amount of money that you earn can vary dependant on the time and effort that you commit each month.

3. Profit Maximiser

Profit Maximiser is one of the progenitors of matched betting. They’ve been around since 2013, practically the Stone Age when it comes to this area of gambling innovation. There’s certainly nothing neanderthal about their methods, however.

While other matched betting services tend to focus on sportsbook offers, Profit Maximiser sets its sights primarily on casinos – though it does offer conventional matched betting services on sports too. It’s fertile ground for growing your profits. With this strategy, your money might stack up a little slower, but Profit Maximiser treats matched betting as a marathon, not a sprint. It’s a philosophy which has seen its customers turn over crazy profits in due time.

Its oddsmatcher and offer calendar tools are top notch, while the tutorials grease the wheels for your money-making enterprise. It’s one of the more affordable match betting services too. They offer a £1, week-long trial, after that you have the option of paying £97 for a year’s access. The inexpensive price is reflected somewhat in the website’s interface, however, which is not the most aesthetically pleasing.

4. Profit Squad

There’s no such thing as a free lunch, but there is such a thing as a loophole which gives you access to a veritable buffet of betting delights. As well as standard matched betting services, Profit Squad prides itself on being the first to identify such loopholes, giving its members the opportunity to take advantage of them before they’re shut down for good.

Another of Profit Squad’s best features is its live chat community. There, users can converse with one another, exchange matched betting advice and highlight special offers – essentially, it’s a place where the Profit Squad can share the wealth.

They suggest a £1 trial which provides access to their facilities for two weeks. Beyond that, membership costs 19.99/month, or £169.00/year. The annual subscription is the top-tier on offer, providing access to premium sections of the platform.

5. MatchedBets

It’s not the most creative of names for this sort of thing, but MatchedBets does exactly what it says on the tin – or should that be a treasure chest?

MatchedBets offers users a £1 two-week trial and promises they can make a good profit investing as little time as 30 minutes a day. Should you wish to continue, they charge £18/month or £99/year.

Their customer service is among the best on the market, with a devoted forum in which members can discuss all things matched betting alongside an email supports system and dedicated Discord community.

Their oddsmatcher tool is integrated into the software as opposed to being a separate application, which streamlines the whole process. A sophisticated matched betting calculator does the leg work for you, with easily intelligible training videos there to help out should you run into any problems.

Ever wondered how you are actually doing in sports betting?

Just like tracking your finances can be an eye opening experience (I spent how much at restaurants last month?!), tracking your bets can shed some light on your performance.

Download the free sports bet tracking spreadsheet below to get started (available for both Excel and Google Sheets):

Bet Tracker Spreadsheet: Instant Insights

If you want to measure your performance and see where you are succeeding and failing, you need to track it.

With this free tool, you can see your performance broken down by various dimensions.

Have a great ROI on betting NBA 2nd halves? Getting solid closing line value on NFL point spreads? This spreadsheet allows you to answer questions like this and more.

How to use the spreadsheet

While the spreadsheet is pretty straightforward, I’d like to walk you through how it works.

How to track sports bets

Everything lives in the “Bet Log” tab. This is the only place information is manually entered. Once the data is entered there, all other tabs will automatically populate.

In the “Bet Log” tab, blue columns are required while red columns are optional. The more information you input, the more useful the spreadsheet will be.

Entering things like the closing line, while slightly annoying, will also be the most important to your success.

How to analyze performance

Each tab will have different graphs and tables that show your performance. The beauty of this is that you can filter the data by any dimension you like.

Any yellow cell is an “input” cell that can be changed. All of these are dropdowns that are pre-populated based on the information you enter in the Bet Log.

How to add more leagues and teams

To add new leagues and teams, you will do so in the “REF” tab. This tab holds all of the lookup information for the dropdowns throughout the spreadsheet.

Again, the cells available to modify are in yellow. You can add the following dimensions:

• Leagues (ex: WNBA)
• Teams (ex: Chicago Sky)
• Tags (ex: 2nd half)

Bet Tracker Spreadsheet Metrics

Deciding what to track is important in determining how you measure success. The spreadsheet tracks the following key metrics:

Closing Line Value

Closing line value (CLV) is a measure of how much better or worse the odds you bet at were compared to where they closed.

If you believe the markets you are betting into are efficient (NFL point spreads, MLB moneylines, etc.), then CLV is a great predictor of long term success.

All you need to do is input the odds you placed your bet at as well as where the odds closed. Preferably you use a market making sportsbook like Pinnacle to decide what the “true” closing line was.

Profit

Profit is about as simple as it gets. Are you making or losing money?

While this is the “bottom line”, surprisingly it isn’t always predictive of long term success. Still, you will obviously want to see how much money you have made or lost.

ROI

This is what most people tend to look at. It is a measure of how profitable you are relative to how much you are risking.

While at the end of the day, the money in your pocket is what matters, this metric focuses more on results rather than process and is a measure of efficiency.

ROI isn’t as predictive of long term winning as CLV, but is useful to track to see where you stand.

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Risk

This one is simple, yet will likely give you insights into where you are putting your money.

If you have a model, does it consistently value the Dallas Cowboys differently than the market? Thus making many of your bets on the Cowboys? Analyzing your risk by league/team/bet type can give you these types of answers.

Bankroll

Bankroll will track our running total of how much money you have in your accounts across all sportsbooks. You can also see this trended over time to help you see any changes in your betting strategy and how that has affected your bankroll.

It is very useful to see, at a glance, where your money lies. Is 95% of our bankroll at FanDuel? Maybe you should shift some to DraftKings.

Bet Tracker Spreadsheet Dimensions

Having these metrics available is important, but insights really come from slicing the data by different dimensions.

League/Team

Tracking your performance by league or team can give you clues into where your strengths or weaknesses are.

Do you watch every second of every New York Knicks game? Think you have an edge on Knicks games? You can find out using the spreadsheet.

Same goes for leagues. Do you follow NFL closely but use strictly numbers for NCAA Basketball? Compare the performance of the two and see what’s working.

Bet Type

Looking at performance by bet type can also shed some light on your process, especially if it is model driven.

Track your performance by the following bet types:

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• Spread
• Moneyline
• Total
• Prop
• Future

You can also use the “Tag” field to designate special types of bets. For example, if you want to see your performance on moneylines for NBA 2nd halves, you would put “2H” (or something similar) in the Tag field and “moneyline” in the bet type field.

Date

A common way to analyze performance is to look at metrics trended over time.

Look at any of the metric/dimension combinations above trended over any time period you’d like.

Want to see your performance over the last 14 days? Or how about the last 12 weeks? Both are possible here.

Matched Betting Calculator App

Google Sheets Sports Betting Tracker

The sports betting tracker is also available on Google Sheets. While the features are the same as the Excel file, Google Sheets has some notable benefits: Jackpot city casino free spins.

• Available/online at all times
• Can enter bets on your phone using the Sheets app
• You don’t need to be at a computer to enter your bets
• Google Sheets auto saves any changes
• Allows multiple users to be in the sheet at the same time and make changes