Bet builders are a very popular way of sports betting, with different bookmakers having their own unique titles for this feature, with Sky Bet calling them BuildABet and William Hill calling them #YourOdds. In essence, a bet builder is a bet that is created using multiple different selections. However, unlike an accumulator that can be placed on multiple different events, a bet builder can only have selections on the same event. These types of bets can range from two selections to several selections, with the bookmaker creating odds depending on how many selections there are and how likely the selections are to happen. Here at OddsMonkey, we will discuss how they work, where they can be placed, the benefits of placing bet builders and how exactly they link to matched betting.
What Is A Bet Builder
Bet builders can be made from a huge range of selections, from full-time results to goal scorers. Bet builders let the user choose exactly what they want to place bets on. An example could be betting on one team to win the match and both teams to score, which would be considered a relatively simple bet builder with only two selections. There can also be bet builders with 10 selections, which means all of the different requirements need to be met for the bet to succeed.
Where Can Bet Builders Be Placed
Bet builders have become extremely popular throughout sports betting, with most reputable bookmakers having their own version of a bet builder. Bookmakers such as Bet365 and Coral are some examples of bookmakers which support bet builders. However, betting exchanges allow for lay bet builders, meaning exchanges such as Betfair and Smarkets allow for bet builders as well. Players can check out other offers from credible bookmakers here at OddsMonkey through our guides, such as our Bet365 free bet guide and our Coral free bet guide.
What Are The Benefits To Bet Builders
What makes bet builders so popular is the freedom given to the user when creating them; players are able to make multiple selections and decide exactly what they want to include in their betting slips. With this additional choice, players can decide if they want to place more selections for a bigger return, with the bet less likely to come in or to place fewer selections for a smaller return. Bet builders are especially popular amongst football fans, with players able to place stakes on players who commit fouls and correct score lines. Football fans should check out our dedicated football betting guide, which can be of great use even to the most experienced football bettors!
Another one of the best benefits regarding bet builders is the ability for users to get far better odds than just betting on singles. Every selection of the bet builder has odds and these are multiplied together to give the whole overall odds of the bet builder. Compared to single bets, the prices these multiple selection bets boast are typically much higher, expected considering the likelihood of all outcomes happening in a match being less likely to happen.
How Do Bet Builders Link To Matched Betting
As bet builders are based around multiple different selections in one bet slip, they can be difficult to lay due to the vast amount of combinations that can be created. However, there are certain bets that can be created that players can lay off. In the typical OddsMonkey way, we have a bet builder calculator available which can help you create matched bets. You can select the back bet and it will show you what lay bet is needed to be placed.
An example of how to place a lay bet with a bet builder could be placing a back bet on Manchester United to win the game and for there to be under 2 match goals. For the lay bet, the user would have to pick Manchester United to score 1 goal and the other team to score 0, meaning the final result would be 1-0 for Manchester United.
To work out the lay stake that is needed, we will need to add the information into the standard matched betting calculator. Then we can use this stake alongside our back bet to add into the calculator with your back stake and commission which will generate a lay stake and the overall profit or loss.
