The Tools and Calculators You Need for No-Risk Matched Betting

We’re back with a solid betting scheme to make you a winner. And no! This is not one of those phony, to-good-to-be-true online schemes to make you money. Then you may be wondering, “What is no-risk matched betting?” In this article, we’ll show you the online tools available to make this strategy a reality and a success. 

We know the first question in your mind while reading this will be: Is no risk-matched betting legal? A 100% yes! No risk-matched betting is legal. In fact, it’s an ethically conscious, science-backed, maths-backed method where your chance of losing goes to 0.000000000…

What is No Risk Matched Betting?

To acquire new customers, bookmakers offer free bet promotions. To claim these free bets, they ask players to deposit money and make a qualifying bet. The guaranteed win we’re talking about is in this free bet. 

How It Works

• Step 1: Choose a free bet promotion at any sportsbook. Sign up and deposit your money to claim the promotion. 
• Step 2: Choose an event with only two possible outcomes (e.g., Team A wins or loses).
• Step 3: Place two opposing bets: a back bet (for) with the bookmaker and a lay bet (against) on a betting exchange. Both bets should be matched, i.e., their odds should match. This is the matched betting part. Whatever the result, since you have matched bets on both outcomes, they cancel each other out, and you don’t lose any money. This is the no-risk part. 
• Step 4: After the qualifying bet, you get your free bet. Repeat steps 2 and 3, but this time, you’re not playing with your money but a free bet from the bookmaker. So, a guaranteed win is locked in. 

Think of it like a “buy one, get one free” deal. You buy an item (qualifying bet) and then immediately resell the free item (bonus bet) for a profit. 

So far, it’s pretty simple, right? But wait. This is maths. And if you misplace a bet, select incorrect odds, or miscalculate the stakes, you’ll lose. But there’s hope! You have betting tools and a matched betting calculator at your disposal. 

Essential Tools for No-Risk Matched Betting

Just like a chef needs the right equipment in the kitchen, you need the right tools in matched betting. They’ll help you find profitable bets, calculate the correct stakes, and track your profits without any heavy lifting.

Matched Betting Software

Think of matched betting software as your PA. You no longer need to scroll the bookmaker screens for hours to find the best odds and bets. With a simple click, the software will factor in the numbers to give you the best events to bet on. 

The best-matched betting software tried and tested by our team are: 

• ProfitDuel – An excellent option for US and Canadian bettors.
• Outplayed – Ideal for UK bettors, offering an all-in-one betting assistant.
• OddsMonkey – A powerful tool for automating matched betting calculations.

Odds Matching Tools

An Odds-matching tool is like a GPS that directs you to the best odds available. They compare bookmaker and betting exchange odds. This eliminates the guesswork on your end, and you get 100% mathematically backed deals to skyrocket your profits.

Matched Betting Calculators

Imagine you’re at a store, and you need to split a discount among multiple purchases to get the best savings. That’s what matched betting calculators do for you — determine how much you need to stake on both bets to guarantee a profit.

Types of Matched Betting Calculators

It’s best to choose different calculators based on your skill level and the type of betting you are into. Let’s look at the different calculators you can use: 

1. Standard Matched Betting Calculator: It’s basic and perfect for beginners. It helps you place back and lay bets.
2. Free Bet Calculator: This will help you calculate and analyze bookmaker side bets. 
3. Dutched Betting Calculator: Comparing bets across multiple bookmakers? Then this one’s your go-to for sure! 
4. Each-Way Calculator: This is useful for horse racing and each-way betting.
5. Accumulator Calculator: It’s for advanced bettors, especially if you know how to play with multi-bets.

Best Matched Betting Calculators in the Market

Here are the best ones we’d recommend for you! 

• Outplayed Matched Betting Calculator – A trusted tool among UK bettors.
• ProfitDuel Calculator – Ideal for Canada and American markets.
• Matched Betting Blog Calculator – A free and beginner-friendly option.
• OddsMonkey Calculator – Offers detailed analytics for advanced bettors.

Advanced Tools for Serious Matched Bettors

The good thing about no-risk matched betting is that everyone can try it. For the newbies, the allure of no risk is enticing, and for high rollers, this is a well-tested strategy to win! 

Serious betters know a strategy is only as good as the knowledge it’s built on. Let’s look at an advanced tool that helps you track your profits and bets. 

Profit Trackers

A profit tracker is like your bank statement — it keeps tabs on how much money you’re making and where it’s coming from. This can help you refine their strategies and avoid overspending. You can count on the following top profit trackers to help you strategize: 

• Outplayed Profit Tracker – Tracks earnings across multiple bets.
• ProfitDuel Tracker – Great for US and Canadian residents.
• Betting Metrics – A standalone profit-tracking tool.

Responsible Gambling

Gambling is fun, but never get carried away. Always remember that a responsible gambler is a happy one. Even though no-risk matched betting looks like a sure deal, there is a strategy involved. And, like everything, strategies can go wrong. 

So what do you do? How can you be a responsible gambler? Follow these tips below: 

• Use bankroll management tools and set limits on them. 
• Learn how to best use matched betting tools. Do not gamble recklessly.
• Don’t chase losses; stick to calculated strategies.
• Research bookmaker promotions and terms properly. 

By Alyona Laptieva

Updated: 19 Feb 2025, 07:50