Strategy
Arbitrage Bets
The arbitrage strategy founds on the following idea which explains the procedure best:
Two independent bookmakers in the marketplace offer bets on the same sporting event, which is in our case a Tennis Match of B. Becker vs. A. Agassi. One bookmaker offers the odd of 3:1 on Becker, the other 1:3 on Agassi. This allows the bettor for an arbitrage profit of 50%. He places 1$ on each Agassi and Becker, and no matter how the result will be, the return will be 3$ for 2$, which is a riskless (arbitrage) profit of 50%. These kind of strategies are also called sure bets.
Following this strategy, you entirely neglect your expectation which player will win, you simply follow the mathematical exercise and simply bet on all potential outcomes, making a positive return for sure.
To identify the potential of a sure bet, you need to divide the odds by 1. If the sum of the these is smaller than 1, an arbitrage opportunity arises.
If the event, as the tennis example, only has two outcomes, simply Odd 3 is equal to 0.
No doubt, the bettor needs to carefully observe the market in order to identify potential sure bets and needs to react quickly. Most important, he needs to be aware of the bonuses that are paid out by the bookmakers that are up to 25% of the deposit. Check out our recommended bookmakers to find the best opportunity. If benefiting from the bonuses, they need to be included in the above calculation.
Also to consider are potential “hidden” charges by bookmakers that should be included in the above calculation.
But with some experience, the player will easily be able to realize constant arbitrage returns that will aid your monthly budget and will certainly allow you to achieve higher returns than leaving your money on a bank deposit only.
Value Bets
An alternative to sure bets is to place value bets. Following this kind of strategy, the player estimates the probability of one outcome, usually the less expected. A value bet is given in the case that:
An example: Lets assume that in the tennis match, the odd on B.Becker to win is 4,5. But you assume the probability for B. Becker to win is 30%. This would indicate a value of 1.35, allowing for a value bet.
The difficulty with the value bet is that the bettor has to subjectively estimate the probability of anb outcome. The danger of being biased makes the value bet a gamble, not allowing for arbitrage opportunities.
But if using the bonuses of the bookmakers correctly, you even improve the value of your bet. Check out our recommended bookmakers where we explain available bonuses.
“The meeting of preparation with opportunity generates the offspring we call luck”
Anthony Robbins