Throughout sports betting, mistakes can happen, and there are times when you might place the wrong bet or the wrong stake, and you might not be able to cash out. The fixabet calculator is specifically designed for this exact reason, as it can work out and display the bet you would need to place to erase the loss potential from an original bet. Perhaps you laid the wrong bet at the betting exchange, laid too much on your bet at the betting exchange, or you have a partially matched bet; the fixabet calculator is exactly what you need for fixing mistakes.
At OddsMonkey, we are going to walk through exactly what the fixabet calculator is, how it works and how you can use it to fix any unwanted mistakes.
What Is The Fixabet Calculator
The Fixabet calculator is one of the most unique betting calculators available at OddsMonkey, as it is not designed to create profit, but rather to help you recover from mistakes in your selections. This means you will not be using the fixabet calculator if you have not already placed a bet, and by following the instructions from the calculator, you will be able to fix any bets even if you cannot cash out.
By using this calculator, you can simply input the different details of your bets, and the calculator will create a bet which can remove the impact of a lay bet. This is done by placing a back bet on the same event, meaning no matter what the outcome is, the bettor will be returned with the same amount of money that they bet, effectively meaning you have not lost any funds. Just like the matched betting calculator, this calculator is vital, as it can fix any problems that might occur when placing matched bets.
Now we know what the fixabet calculator is, we are going to walk through exactly how you can use it.
How To Use The Fixabet Calculator
The Fixabet calculator is similar to other betting calculators at OddsMonkey in the sense that it is incredibly simple to use. For bettors to operate the fixabet calculator, they will simply have to enter any lay bets that they have matched so far, and the details of a back and lay bet. By doing this, the calculator will output exactly what you need to do, informing you about how much you need to place on your lay bet for the bet to be fixed. The calculator will also inform you what your liability is, and the different results if your bookmaker or betting exchange bet is successful.
It is important to put your calculator into the correct mode when using the fixabet calculator, as there is also a ‘cash out’ mode. This allows you to fix any bets if you have laid too much at the betting exchange, and it is important to remember that these bets do not always completely fix the bet, as there can still be losses made. By using the fixabet calculator, these losses can be smaller.
Although the calculator may not be the most flashy, it is a vital tool for use throughout matched betting and value betting to maximise the benefits of sports betting.
Why Use The Fixabet Calculator
The Fixabet calculator has only one feature, which is incredibly specific: it fixes any bets that you have already placed incorrectly. As mistakes will occur throughout your matched betting journey, it is essential that you understand how this calculator works and how to use it if you end up making a mistake.
With no feature to cash out at betting exchanges, it can be very confusing when it comes to understanding how to reverse the lay bet, without putting yourself at risk of incurring more losses. By using the fixabet calculator, you can find out exactly what the different outcomes are and how you can effectively remove a bet without cashing out.
There are many other calculators and guides available surrounding the topic of sports betting, and these can be found across the OddsMonkey site and the matched betting blog.
Who Can Use The Fixabet Calculator
The Fixabet calculator is available to anyone who visits the OddsMonkey site and can be found alongside other betting calculators. However, this betting calculator should only be used if you have placed a lay bet that you want to remove, as the fixabet calculator cannot be applied to any other scenarios.
✅Wanting to right a mistake
✅Are unable to cash out
❌Have not placed an incorrect bet
Fixabet Calculator At OddsMonkey
When placing matched bets, it is always possible to make mistakes when inputting values or working out complicated mathematics. However, with the help of OddsMonkey, sports bettors can eliminate mistakes and rectify them if they have been made, and the Fixabet calculator is one of the best tools to assist with this. There are numerous calculator tools on site which assist with a variety of betting formats
If you are interested in other ways that you can make the most of your betting, check out our accumulator calculator and our dutching calculator.
