Betting on certainty, as the method could be translated, is one of very special branches of odds betting. It can be in principle said that it is finding events for which there are odds listed at several betting companies so different that it pays off to bet on them. Simply said, sure betting is taking advantage of the mistakes stemming from different views on creating odds.
It cannot be expected that there will be exageratedly different odds for closely watched matches of the Champions League, in the olympic games or world championships. On the other hand, lower league competitions, less popular sports etc. are made for surebetting and it is only up to the efforts made by the punter if he finds a sure bet.
Where's the catch?
The first and probably foremost disadvantage of surebetting is the need for the use of a large capital (a lot of money). Because there is basically no risk involved in surebetting, the revenues are very low in proportion to the deposits. Another problem can be the time requirements as the punter must keep a constant watch on odds at several bookmakers and discover the right events. Consequently, the punter must also know the odds setting rules at specific sportsbook companies. Knowledge of these rules is an integral part of the proper use of surebetting.
Choosing the right event
For starters, it is good to focus on tips where there's only two possible outcomes. It can be for example the winner of duels in racket sports. The ideal state is when two, on paper, evenly matched players clash and sportsbooks have a slightly differen way of odds setting.
Odds listed by a sportsbook for one player can be 1.90 (US odds: 9/10) and on the contrary, another sportsbook can list odds of 2.30 (US odds: 13/10) for the other player. By using two simple equations, we can calculate the percentage of profit:
1/1.90 + 1/2.30 = 0.96
(1 – 0.96)*100 = 4 %
In this event you would reach a 4 % profit. It means that when you bet $100, you will earn $4 with absolutely no risk involved. As shown below, you can also calculate the required bet amount for both results of this event:
Bet on the first player: 100/1.90 = $52.6
Bet on the second player: 100/2.30 = $43.4
In total you've bet 52.6 + 43.4 = $96 and you get the mentioned $100 ($4 profit).
Let's demonstrate a sample situation for matches with more possible outcomes. A soccer match can result in win of the home team, loss of the home team or tie. If the punter manages to find three betting companies with apparently different odds, by using the equation above he can calcuate whether this bet would be a surebet:
Sportsbook A - home team wins: 2.70
Sportsbook B - away team wins: 2.95
Sportsbook C - tie: 3.70
1/2.70 + 1/3.70 + 1/2.95 = 0.98
(1 – 0.98)*100 = 2 %
The bet diversification to make $100 is as follows:
Bet on the home team: 100/2.70 = $37.1
Bet on a tie: 100/3.70 = $27
Bet on the away team: 100/3.70 = $33.9
When we sum the bets, we get 37.1 + 27.0 + 33.9 = $98 and our profit is $2 which corresponds to the calculated 2% no-risk profit.
Rules and remarks
As this is a very specific way of betting which is quite unpleasant for the sportsbooks, they are making substantial efforts to prevent surebetting. Therefore it is important to study all rules of the sportsbooks. Some of them may be different and may ruin the entire principle of surebetting. These rules can include interdependence of odds, different evaluation of ties or ticket cancellations and deposit refunds.
Furthermore, you have to absolutely focus on the bet you are placing. The mistake of playing bets on two identical results with two sportsbook can very easily backfire. On the other hand, long delays between bets also doesn't payoff. The odds change constantly and their profitability can quickly disappear.
Suspending the account
This possibility must be taken into account by every puntor using surebetting. If you are too noticeable in this strategy, you may soon find yourself without access to your gaming account and you money seized. Therefore it is important to read the legal steps which the betting agency can take, always bet carefully and withdraw your winnings regularly to your personal bank account.
If you use surebetting reasonably and non-aggresively, you can achieve constant profits which can be a good addition for other forms of odds betting.