Bet builders are a very popular way to bet on sports and different bookmakers have their own unique names for this feature, Sky Bet calls it BuildABet and William Hill calls it #YourOdds. Essentially, a bet builder is a bet created using multiple selections. However, unlike accumulators where bets can be placed on several different events, the Bet Generator can only select on the same event. These types of bets can range from two selections to multiple selections, with bookmakers creating odds based on the number of selections and how likely they are to occur. Here at OddsMonkey we will discuss how they work, where to place them, the benefits of bet builders, and how they relate to matched betting.

What is a bet generator

Bet creators can choose from a huge range of options, from full match results to goal scorers. The bet creator allows users to choose exactly what they want to bet on. An example could be betting on one team to win the game and both teams to score, which would be considered a relatively simple bet builder with only two options. There is also a 10-option bet generator, which means all the different requirements need to be met for the bet to be successful.

Where can the bet builder be placed?

Bet generators have become extremely popular across sports betting, with most reputable bookmakers having their own version of a bet generator. Bookmakers such as Bet365 and Coral are examples of bookmakers that support punters. However, betting exchanges allow non-betters, which means exchanges such as Betfair and Smarkets also allow punters. Players can check out other offers from trusted bookmakers at OddsMonkey through our guides, such as the Bet365 Free Bet Guide and the Coral Free Bet Guide.

What are the benefits of betting on builders?

The reason bet creators are so popular is the freedom users have when creating them; players can make multiple selections and decide exactly what they want included in their bet slip. With this additional selection, players can decide if they want to bet on more selections for a larger reward with less likelihood of betting, or if they want to bet on fewer selections for a smaller reward. The bet generator is particularly popular among football fans, allowing players to place bets on players committing fouls and correct scoring lines. Football fans should check out our dedicated football betting guide which will be useful for even the most experienced football bettors!

Another major benefit of the bet creator is that users are able to get better odds than singles bets. Each selection in the Bet Builder has odds, and these odds are multiplied together to give the Bet Builder’s overall odds. These multi-selection bets often offer much higher prices than single bets, as expected since all outcomes in a match are less likely to occur.

How does the Bet Creator work?

Now that we know what a bet generator is, let’s look at some real-life examples of how these bet generators actually work. In this example, we’ll look at the matchup between Chelsea and Everton in the Premier League.

At Bet365 we can see pre-made bet builders at the bottom of the screen, which have been made by bookmakers and allow you to quickly choose if you think they offer good value. However, you can also create your own bet builder by selecting “Bet Builder” at the top of the screen.

While you’re in this menu, you can choose exactly what you want to include in the bet builder, which includes options like the player who scores or assists, the player who holds the card, or both teams score.

Once you have selected your options you will be able to see the odds offered by the bookmaker, it is important to know that all options in the bet must take part. If one of them is unsuccessful, the bet will not be successful and nothing will be returned.

Betting Tips

There are a few things you need to consider when placing bets. Here are some things to keep in mind when placing bets on sports events as a whole:

• Understand the risks – It is important to remember that every option added to the bet, no matter how short, increases the risk of failure and should therefore be treated with caution. If you place a bet with a bettor who has 10 selections, the chances of it coming in are slim, which means you have to be careful with how you approach these bets.
• Research your options – Doing lots of research is key, as if you bet on an unknown market, the error rate is likely to be higher. If you bet on a sport you understand, you can look for value throughout the betting process.
• Look for Promotions – When placing a bet, it is important to check if there are any promotions available before placing your bet. Some bookmakers offer promotions such as free bets and money-back guarantees that can be used across the market.

How Bet Creators Link to Matched Betting

Because the bet builder is based on several different selections in one bet slip, it can be difficult to place bets due to the large number of combinations that can be created. However, there are some bets that players can give up. In typical OddsMonkey fashion, we provide a bet generator calculator that can help you create matched bets. You can select the back bet and it will show you which bet you need to place.

An example of how to place a bet with the Bet Creator is to place a back bet on Manchester United to win the match with less than 2 goals scored. For outside bets, users must choose Manchester United to score 1 goal and the other team to score 0 goals, which means the final result is Manchester United 1-0.

In order to calculate the required lay bet, we need to add the information to the standard matched betting calculator. We can then use this bet along with our rebet, adding your rebet and commission into the calculator, which will result in the lay bet and overall profit or loss.

Bet Generator FAQ

Bet builders can be very confusing, which is why we’ve discussed some of the most common questions surrounding the topic.

What markets are available to bettors?

Bet generators can be placed on a variety of markets, including match results, both teams scoring, over/under, cards, goalscorer, corners and more. In terms of sports available, there are tennis, cricket, basketball, NFL, rugby and rugby to choose from.

What is the difference between Acca and Bet Generator?

acca involves multiple matches and often involves betting on multiple outcomes in different matches. However, the bet generator is limited to selections within a single match.

How do I check my betting odds?

A bettor’s odds will constantly change based on each selection that is added or subtracted from the bet. If you’re interested in finding out the odds, you just add up your picks and the bookmaker will provide the available odds. Here’s how Bet365 displays odds from the Bet Generator: