Big Odds Sure Win Guide

The joy of every bettor is to place a bet that will yield a very huge profit for them. It gives them the energy to wager more and even boast among their friends, especially if the money they gain is far beyond the bet they placed.

 

A sure bet can also be called an Arbitrage Betting. It is a type of bet that, if you place it correctly, you have 100% assurance of it yielding a profit. The game's outcome doesn't matter; you are privileged to enjoy the benefits of the differences between odds set among bookmakers. And if there isn't any profit, worry less because you'll win your money back.

What are the High/Big Odds?

High or big Odds can also be referred to as Slim Odds. It occurs when there is little chance of winning a betting selection. Still, there's a high possibility of producing a large payout if it happens.

 

Let's say Getafe has only a 10% chance of winning against Barcelona, and they have high odds like 9/1. If you bet $10 on them and they pull off the upset, you could be looking at a sweet $90 profit, not forgetting your initial $10.

 

High odds can pop up in all kinds of sports and events. They're like the dark horses, often overlooked but with a hidden potential for big wins.

What is Sure Betting or Sports Arbitrage Betting?

Sure betting involves wagering on an outcome with different bookmakers of a particular sports game or event. You will be guaranteed a win since a huge advantage accompanies each result. The winning bet will replace all losing bets so the gambler can profit.

 

It is a method by which progressive gamblers bet on the same game on different gambling sites. When all markets available have been covered, it assures a Bettor that there will be a return at the end of the games.

 

Every bookmaker has algorithms that calculate odds values that are based on conditions that are predetermined. However, if the interpretation differs, the margin between the odds value creates an arbing occasion.

 

The gambler will have to pick one common market among bookies and stake on different outcomes.

 

At least one of the outcomes listed will be correct. This works well if the possible outcomes are 2, thereby having a better chance of a 100% win.

How Sure Betting Works

Surebet or Arbitrage Betting in sports gambling happens due to inconsistency in the odds of different bookmakers. Leveraging this leads to a gambler's win, irrespective of the outcome of a sports match.

The math behind a sure betting

Sure betting relies on some simple math to ensure you come out on top, no matter the outcome of a sporting event. We'll break down the math behind a sure bet for you in an easy-to-understand way. Pay very close attention now.

 

Bookmakers offer odds for different outcomes of a game. These odds represent the bookmaker's estimation of the likelihood of each result. For example, Player A might have odds of 2.00 to win with a certain Sportsbook, while another bookie gives Player B 3.00 odds to win.

 

To start, you need to calculate the implied probability of each outcome. This is the bookmaker's estimate of the chances of each outcome happening. You can do this with a simple formula:

 

Implied Probability (%) = 1 / Odds

 

So, for Player A with odds of 2.00, the implied probability is 1 / 2.00 = 0.50 or 50%.

 

Next, you check if the combined implied probabilities for all possible outcomes are less than 100%. If they are, that's your opportunity for a sure bet.

 

For example, suppose Player A has a 50% implied probability, and Player B has a 33.33% implied probability (1 / 3.00). In that case, the total is 83.33%, which is less than 100%.

 

Now, you calculate how much to bet on each outcome to guarantee a profit. This involves distributing your total stake among the different results to ensure a positive return, no matter which outcome wins.

 

The formula for calculating bet amounts is:

 

Bet Amount = Total Stake × (Implied Probability / Combined Implied Probability)

 

So, if you have $100 to bet in the example above:

 

Bet on Player A = $100 × (50% / 83.33%) ≈ $60

 

Bet on Team B = $100 × (33.33% / 83.33%) ≈ $40

 

If Player A wins the match, your return will be the product of the stake and the odds (I.e., 60 × 2.00= $120)

 

If Player B wins, your return will be $40 × 3.00 = $120

 

This means no matter the outcome, one of your bets will be a winner. You'll walk away with a $20 profit without any concern about which player wins.

 

If you have an unsettled quarrel with math, you can simply use an Arbitrage Calculator.

Example of a Sure bet

Imagine a situation in which Mauricio Pochettino's Chelsea is set to face Mikel Arteta's Gunners in an EPL fixture.

 

Let's say a Certain Sportsbook 'X' gives Over 3.5 goals odds as 2.51 and Under 3.5 goals as 1.64, while another Sportsbook 'Y' gives Over 3.5 goals as 2.01 and Under 3.5 goals as 1.99.

 

Since Implied Probability (%) = 1 / Odds,

 

With Bookie 'X,'

Over 3.5 ≈ 40%

Under 3.5 ≈ 60%

 

With Bookie 'Y,'

Over 3.5 ≈ 50%

Under 3.5 ≈ 50%

 

The only combined possibility that is less than 100% is wagering on an Over 3.5 with Bookie 'X' and an Under 3.5 with Bookie 'Y.' The total Implied probability is 90%, which is less than 100% (and is a chance for a sure bet).

 

If you intend to stake $200,

 

Bet $200 × (40% / 90%) ≈ $89 on Over 3.5 with Bookie 'X,' and,

 

Bet $200 × (50% / 90%) ≈ $111 on Under 3.5 with Bookie 'Y.'

 

Whatever the outcome is, you'll walk away with a profit.

Why isn't everyone doing it?

Arbitrage or sure betting works well, but people don't want to go into it because they find it hard to understand. It is not just a way to make regular income; you will need a large bankroll to get a meaningful return.

Doesn't the sportsbooks dislike sure bets?

Bookmakers see arbitrage or sure betting as a threat to their business model. It is a strategy for making money, but bettors use it as an advantage of placing inconsistent game prices between different bookmakers to guarantee profit. This means arbitrage bettors exploit bookmakers' market inefficiencies to their own benefit without risk.

 

While most bookmakers dislike arbitrage betting, there's no rule against anyone's involvement in this practice. However, if you decide to use this kind of strategy to bet, fully understand the risk and the limitations involved.

Is sure betting legal??

Sure Betting is legal. It involves a 100% legal process and has no legal consequences. You simply place wagers on sports events at different or more than one bookmaker plainly on odds favorable to you.

Sure Betting Bankroll

You shouldn't bet more than 1-3% of your bankroll. It allows you to stay measured and disciplined in your sports betting. Even most professional bettors don't wager more than 1% of their bankroll on one event. So, to avoid many risks, be intentional about placing not more than the specified percentage of bankroll above.

How much should I bet on a single match with my bankroll?

The betting rules specify that the bets placed by a moderate or cautious sports gamer should be 1%-2% of the bankroll. Average bettors should be around 3%, and Aggressive online gamblers should be around 4% - 5% of their bankrolls.

Avoiding Risk In Sure Betting

To avoid the risk of losing entirely in sure bets, there are things you have to know and be cautious of. They are like guidelines every bettor, especially newbies, should know before placing their bets. Below are the things to note before  you place your bet in order not to lose a lot of money.

Don't make Individual errors

Make sure to read the betting odds well before you wager. Have enough funds on your bookmakers to complete your bet. Know the team you want to stake on and avoid betting on different sides on half and full-time.

Place your bets at the same time

You might not have the correct odds when you take too long to place your second bet after the first one.

Bet limitations

Some bookmakers can limit how much you can stake on their sites, thereby lowering your odds if you consistently use your betting account mainly for arbitrage gambling alone.

Software Errors

Software errors sometimes occur if different matches appear in the same arbitrage account. It can be due to the inconsistent naming of a particular event or game. So, to avoid betting on the incorrect arbs, check and be sure that the teams are playing in the same tournament.

How Do You Bet On High Odds?

This kind of wager is usually placed on the underdog team of a fixed match or event. Usually, the team with a lower chance of winning will have higher odds than the team likely to win. Bettors are chanced to make single selections with this kind of odds, and players can optionally make multiple bets with larger odds.

 

Outlaying small stakes is a great strategy to bet on high odds. It avoids the risk of high loss of money, thereby staying within your betting budget.

Theory to practice - Step-by-step guide

There are a lot of betting strategies out there. But the ones listed here are to help you use the information you have read on this blog properly and set yourself up for a better chance of making profits from your high-odds bets.

Never chase losses

Avoid increasing your bet stake on any event to recover your bankroll. Be patient enough to bear the risk of numerous series of bad results that may likely occur.

Start with small bets

Don't get too excited to put all your eggs into the basket. Start slowly but steadily.

Where Can I Bet On High Odds?

There are many online platforms and brick-and-mortar bookmakers where you can bet on high-odds sporting events. Look around for Sportsbooks you can trust and that offer impressive odds. You can also read up different reviews about each site to be sure if they'll fit into your gambling plan.

How many Bookmakers do I need to have accounts at??

There's no specific number of bookmakers you can have your account at. But you should limit accounts with 2-3 bookmakers to avoid unnecessary loss and defeat.

Paper Trading

Paper trading is widely used in various fields, including sports betting, stock trading, and forex trading. In gambling, it is like a practice run for aspiring bettors. It allows you to test your strategies and hone your skills without risking any real money.

 

In paper trading, you use virtual or 'fake' money to place bets or make investments. This money has no actual value; it's purely for practice.

Summary

Remember that Sure bets or arbitrage betting refers to the types of wagers where bettors make a certain profit by using the difference in odds on different sportsbooks. However, you have to register on multiple bookies to be able to place this kind of bet. Since you can place your bet on the same game on different bookmakers, you have to be sure of the game and follow the procedures you must go through to have a successful result.

 

Professional and recreational gamblers should set aside a specific amount of money for their bets and also map out their loss and win limits. With this, they will be able to prevent losing all their money on just a game session and increase their possibility of winning in events.