What is a sure bet? How to find a sure bet from bookmaker odds

Subscribe

Recent Posts   Popular Posts   List Posts
 
Estimated Reading Time: 5 minutes

What is a sure bet? How to find a sure bet from bookmaker odds

What is a sure bet? Discover the best way to calculate a valid sure bet. How to understand sure bets and the best way to find them



Published on
Updated on 15 October 2018
Author:



Betting Tips for Today's Football

Find more value in your next football bet. You could gain a betting edge by checking out the tips and stats for today's and tomorrow's fixtures...


Sports betting is all about balancing risk and reward. Sure betting is not any different.


As you can imagine increasing risk, increases the potential reward and reduces the potential returns, but provides more predictable results.

What is a sure bet?


A sure bet is a betting opportunity that basically means what it suggests!


If the sure bet odds are aligned correctly, you will return money when betting on all outcomes within the same event, even when your bets are spread across a range of bookmakers.


As you can imagine, it’s very unlikely for individual bookmakers to permit this kind of betting opportunity on their platforms, so you must conduct this process across different bookmakers


This spreading of your stake ensures you can return a profit, which is designed to vastly reduce the risk of soccer betting.


However, I must disagree with anyone that suggests this betting strategy is risk free, as risk free suggests you are not at risk of losing money.


Unfortunately, your money is still very much at risk.


Many thousands of people practise sure betting every day and how many sure betting millionaires do you know?


Exactly.


In our opinion, sure betting should be used as part of a wider footy betting approach, but you should also concentrate on other footy betting strategies, so you can diversify your risk and make sure you can obtain betting profits.


Now you know what sure betting is…Do you really understand it?


Sure betting isn’t just about making money from bookmakers. It’s about understanding how different betting options can affect your selections.

How to calculate a sure bet from bookmaker odds?


If we use a classic Home, Draw or Away (1X2) selection to make life easier, we can quickly work out how to make a sure bet calculation.


Let’s take Team A and Team B playing in a league game in any county. The team names do not really matter for this calculation, as we’re more concerned about how we should think about the different selections.


If we use 1 unit as the stake for each of the bets, we can demonstrate the potential returns across three different bookmakers:


Match Team A v Team B

•    Home Win (1) 2.70 at Bookmaker A =  Potential Return of 2.70 units

•    Draw (X) 3.70 at Bookmaker B =  Potential Return of 3.70 units

•    Away Win (2) 3.80 at Bookmaker C =  Potential Return of 3.80 units


At a basic level, if we place a single unit bet across each of the outcomes within the match between Team A v Team B, we can be confident of a profit if the Draw or Away Win occurred.


This covers two options, but it does not cover the Home Win selection, so we must slightly modify the stake placed on the selections to artificially obtain the correct stakes against each of the selections.


Recognising sure bet opportunities


Now let’s see if these odds will permit a sure bet.


We need to understand the proportion of the units required for each bet, this would ensure that each of the bets are correct or incorrect for your next sure bet.


How much will each odds selection cost you?


Simply divide 1 by the bookmaker odds for each outcome...

1 Unit / bookmaker odds = the cost of each selection to return 1 Unit


•    Home Win (1) 2.70 at Bookmaker A = Potential Return of 2.70 units

Cost of 1 Unit / 2.70 (Home Win) = 0.37 Units


•    Draw (X) 3.70 at Bookmaker B = Potential Return of 3.70 units

Cost of 1 Unit / 3.70 (Draw) = 0.27 Units


•    Away Win (2) 3.80 at Bookmaker C = Potential Return of 3.80 units

Cost of 1 Unit / 3.80 (Away Win) = 0.26 Units


The three betting options for the event translate to: 0.37 + 0.27 + 0.26 = 0.9 Unit cost


Sure Betting Profit = 1.0 – 0.9 = 0.1 (or 10% sure bet profit)


Anything below 1 Unit cost quickly identifies that you have a sure betting opportunity, so if you’re able to place a bet across three different bookmakers you will return a profit, as the final return from each of the selections is greater than the money you staked against all three outcomes.


Finally, you use the cost information about to determine the proportion of your stake that you should place on the bet. Therefore, guaranteeing a 1 unit return from each of the selections.


How much to wager on sure betting?


So, you would place the following sure bets with the different bookmakers:

•    Home Win (1) = 0.37 x Stake at Bookmaker A

•    Draw (1) = 0.27 x Stake at Bookmaker B

•    Away Win (1) = 0.26 x Stake at Bookmaker C

How could sure betting be improved?


Remember that you’re the only person responsible for your bets and you should never blindly follow a strategy recommended by a service without first understanding how they came to their sure betting suggestions.


A successful betting portfolio should include sure betting options, but also provide you with the ability to adjust your selections across bookmakers. Sometimes you may want to leverage promotions and bonuses alongside the sure betting opportunities and many services do not provide this feature.

Sure betting risks and challenges?



The potential risks and issues surrounding sure betting are usually based on how quickly the sure bets service updates their odds feed between the bookmakers.


This can also be an issue with services that do not have a feed that is up to date.



Missing the bookmaker odds and the sure bet opportunity is the main issue that can occur. Remember that bookmakers are focussed on providing a true betting market for their customers.


This means that prices across bookmakers are rarely substantially different and positive betting books for sure bets may not last for a long time.

Check the sure bets services before you buy a monthly subscription


Sure bets services provide you with odds that show there is the possibility for a return across a range of bookmakers.


Sometimes you must be very careful with sure bets services that provide sure betting options. Especially, free services that allow you to see sure bets across a range of different bookmakers.


I’m sometimes wary of services, which provide this type of service particularly if the service allows you to place bets through their online portal.


Many services are affiliates of bookmakers and they essentially get paid when you lose money on one or more of the bets.


Understandably, if the service is offering sure bet opportunities you may not be losing money over your bets, but it is 100% certain that you will lose money with at least one side of your sure bet trade.


This means that you will lose money with at least one bookmaker and the service providing you with the sure bet opportunity may be paid a proportion of your loss.


This is standard with some services, which allow you to place bets through their website or app. This is a method to pay the sure bets provider and give you an easy way to see the bets.


In an ideal world, it would make more sense if the service provided you with additional information, so you could understand not just the sure bet, but also value selections within the event.


This allows you to make a betting decision across all sure betting options or simply focus on bets that provide traditional betting options in addition to the sure bets option.

Take care and profit over the long-term


The sure bet process is not a get rich quick scheme, such as bookmakers changing the odds, bookmakers not accepting the bets due to overuse and other issues with any service used for the odds information.


There are too many variables to assume sure betting is the only approach. You must use a combination of betting strategies and understand betting markets, so you can gradually accumulate your winnings over time.


Remember, thousands of competing bettors and traders are all looking for the same quick win, so you should use sure bets sensibly, so you can create a value betting process.


Good Luck!



Tags: betting tips and tricks

Share Post On:    
Share on Facebook. Opens a new window    Share on Twitter. Opens a new window    Share on Google Plus. Opens a new window

Short URL: https://iwinsoccerbets.com/zjWFd5jsI

<< Previous Post
The Betfair Premium Charge; why it matters and what you can do about it?

Next Post >>
How to create football betting systems and prediction models

Will you lose your profits to the Betfair Premium Charge? Keep track of your betting returns and understand the Betfair Premium charge before it’s too late.Is it possible to create football betting systems and prediction models using real-life historical data?

Related Blog Posts



Recent Blog Posts

 
How to work out a bet using 9 soccer betting strategies?

How to work out a bet using 9 soccer betting strategies?

(by iwinsoccerbets)   

Why you can’t find the best soccer betting strategies, if you ignore soccer stats
- Updated: 17 February 2019 | betting strategy


How to use the best football stats sites for football data analysis

How to use the best football stats sites for football data analysis

(by iwinsoccerbets)   

How past performance soccer stats websites can help your selections
- Updated: 10 February 2019 | betting strategy


Calculate multiples, Acca Insurance and how bookies’ margins can affect your returns

Calculate multiples, Acca Insurance and how bookies’ margins can affect your returns

(by iwinsoccerbets)   

How to calculate your acca returns and protect yourself at the same time
- Updated: 06 February 2019 | Bookmakers


What does Lucky 15 mean in football? How to choose between Lucky 15 and an Acca?

What does Lucky 15 mean in football? How to choose between Lucky 15 and an Acca?

(by iwinsoccerbets)   

How to work out a Lucky 15 bet and how do Accas compare?
- Updated: 03 February 2019 | betting hints and tips


What causes odds to change within soccer betting markets?

What causes odds to change within soccer betting markets?

(by iwinsoccerbets)   

How to stay one step ahead of the bookies when they constantly change betting market odds
- Updated: 22 January 2019 | odds


Where are the best soccer leagues in the world for betting?

Where are the best soccer leagues in the world for betting?

(by iwinsoccerbets)   

Discover the best soccer betting leagues using real historical data
- Updated: 18 January 2019 | betting strategy


How many games in a soccer season for major European leagues?

How many games in a soccer season for major European leagues?

(by iwinsoccerbets)   

The number of games and the number of goals scored in a soccer season
- Updated: 14 January 2019 | betting strategy


How do bookmakers calculate starting price and change their odds?

How do bookmakers calculate starting price and change their odds?

(by iwinsoccerbets)   

Learn more than just the definition of starting price. Know how bookies and exchange traders modify their odds to find better returns.
- Updated: 12 January 2019 | Bookmakers, odds


What is the meaning of each common bookmaker term?

What is the meaning of each common bookmaker term?

(by iwinsoccerbets)    Recommended

Improve your betting knowledge with tips and explanations of each common bookmaker term.
- Updated: 07 January 2019 | betting zone


What is a handicap in football betting?

What is a handicap in football betting?

(by iwinsoccerbets)   

Learn the different types of handicap betting, such as level handicap, single handicap and split handicap.
- Updated: 04 January 2019 | Bookmakers, odds


What happens to a bet if the football game is suspended?

What happens to a bet if the football game is suspended?

(by iwinsoccerbets)   

Do you understand when a bookmaker should keep your stake and when you should be refunded following a suspended football game?
- Updated: 03 January 2019 | betting zone


Mathematical sports betting systems explained in brief

Mathematical sports betting systems explained in brief

(by iwinsoccerbets)   

Get the most value from your bets by using betting maths and betting strategies
- Updated: 02 January 2019 | betting strategy


How do bookies make money? How can you bet differently to help yourself?

How do bookies make money? How can you bet differently to help yourself?

(by iwinsoccerbets)   

Read how bookmakers make their money, so you can avoid common mistakes.
- Updated: 19 December 2018 | Bookmakers


Get a brief overview and description of the main football betting markets

Get a brief overview and description of the main football betting markets

(by iwinsoccerbets)    Recommended

All major football betting options briefly explained, so you can make better betting decisions.
- Updated: 18 December 2018 | betting zone


What is Asian Handicap betting?

What is Asian Handicap betting?

(by iwinsoccerbets)   

Understand Asian Handicap betting with this simple explanation.
- Updated: 12 December 2018 | betting strategy


Can an underdog betting system be profitable?

Can an underdog betting system be profitable?

(by iwinsoccerbets)   

The most realistic approach to use a sports betting underdog system
- Updated: 11 December 2018 | betting strategy


Goal line explained and alternative goal line examples

Goal line explained and alternative goal line examples

(by iwinsoccerbets)   

What is the goal line in football? Does it compare to goals over/under markets?
- Updated: 06 December 2018 | betting hints and tips


Betfair trading for beginners

Betfair trading for beginners

(by iwinsoccerbets)   

What are the key skills for profitable betting exchange trading
- Updated: 04 December 2018 | betfair


Using football quotes to inform your betting Part Two

Using football quotes to inform your betting Part Two

(by iwinsoccerbets)   

Get more information from soccer legends to improve your bets
- Updated: 30 November 2018 | betting zone


How to build an arbitrage betting system

How to build an arbitrage betting system

(by iwinsoccerbets)   

The best way to arbitrage within soccer betting markets
- Updated: 30 November 2018 | betting tips and tricks


Using football quotes to inform your betting Part One

Using football quotes to inform your betting Part One

(by iwinsoccerbets)   

How to use information from soccer legends to improve your bets
- Updated: 24 November 2018 | betting zone


Are bookmaker goal spreads accurate?

Are bookmaker goal spreads accurate?

(by iwinsoccerbets)   

Why you should consider goal spread and odds research?
- Updated: 23 November 2018 | Bookmakers, odds


What is no risk matched betting? Is it genuine?

What is no risk matched betting? Is it genuine?

(by iwinsoccerbets)   

Get a quick understanding of no risk matched betting
- Updated: 21 November 2018 | betting strategy


Can you trade betting exchanges cold or do you need knowledge?

Can you trade betting exchanges cold or do you need knowledge?

(by iwinsoccerbets)   

Description of how and why cold trading could work for you.
- Updated: 17 November 2018 | betfair, odds


Learn bookmaker soccer betting rules to protect your bankroll

Learn bookmaker soccer betting rules to protect your bankroll

(by iwinsoccerbets)   

More bookmaker betting knowledge will help your soccer bets
- Updated: 16 November 2018 | Bookmakers


12345