Sure bets is a tool that Oddspedia offers where you are guaranteed to profit. Odds are being scanned across all available bookmakers. Processed with mathematical formula a profitable bet is secured no matter the outcome.
Oddspedia Sure Bets - Guide:
Sure betting, also known as arbitrage, is a strategy that yields certain profits when you place bets on all possible outcomes of an event. Oddspedia shows those cases where with bets on each outcome at different bookmakers you are guaranteed a profit, whatever the result of the event might be.
At the outcome columns the highest available odds are presented. Use filters to customize your sure bets page - choose your desired bookmakers, percentage levels or the number of outcomes needed to place a sure bet.
Click on the calculator logo in the Sure bets section above, enter total amount you wish to bet and the calculator will automatically calculate the stakes needed at the different outcomes of the event.
You might also be interested in Value bets.
Arbitrage betting - FAQ
How do surebets work?
Sure bets signals opportunities where a bettor can place multiple wagers on the same sports event and make profit, due to the differences of prices set by various betting companies. Also known and refereed as "arbitrage betting", "arbing", "surebets", "sure wins", "safe bets" - the strategy of simultaneous buying and selling or backing & laying at an exchange done on favorable payouts - will provide a guaranteed profit.
What is the definition of arbitrage betting?
Arbitrage is a financial method that can also be applied to betting. Here is the official definition in one sentence: "In economics and finance, arbitrage is the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices. " Arbing in sports betting happens because of the different lines for events set by bookmakers.
How to calculate sure bets?
The easiest answer would be to use dedicated calculator - like Oddspedia's surebet calc. After finding suitable event where the odds payouts are above 100% when taken from different bookmakers - one should split it's bet proportionally to guarantee a profit. Let's take 1x2 market for "Team A" vs "Team B" with 100$ stake as example - the formula is as follows:
(1/TeamA odds) + (1/Draw odds) + (1/Team B odds) < 1
When this is true we will find ourselves with a sure bet, where we have to decide the total investment. See below:
1 (Team A) @8.00 (Bookmaker “A”)
X (Draw) @5.30 (Bookmaker “B”)
2 (Team B) @1.50 (Bookmaker “C”)
(1/8.00) + (1/5.30) + (1/1.50) = 0.125 + 0.188 + 0.667 = 0.98 which is < 2% less than 1.
So let's see how to split the 100$ stake to turn profit :
1 (Team A) @8.00 (Bookmaker “A”) x 12.75$ = 102$
X (Draw) @5.30 (Bookmaker “B”) x 19.25$ = 102$
2 (Team B) @1.50 (Bookmaker “C”) x 68.00$ = 102$
For the arber, this locks all 3 outcomes to guaranteed 102$ return from our 100$ stake or a 2% sure bet net profit, which we calculated above.
How to find arbitrage bet?
Accurate odds are vital for sports betting companies and while at first it might seem easy to take favorable prices from various bookies, nowadays such situations are getting harder and harder to find. So naturally the best way is to use sure bet scanning software such as the tool found on this Oddspedia sure bets page. Oddspedia scans thousands of events and markets from many bookmakers in order to find suitable opportunities for sure bets. Once you pick the safe bet you want to use the only other requirement is to have account at the matching bookies and to check the betting limits.
Is arbitrage betting legal?
Sports betting arbitrages are completely legal, well except the case where you are wagering from a country where sports betting in general is illegal. The arber only takes advantage from the favorable odds listed at different sportsbooks. With that said - legality is not a problem but bookmakers in general does not approve of sure bets made by users and may limit your betting accounts.