Betting with sure bets
sure bets - surebet tips, explanation, sure bet strategies for sure wins
Sure bets are bets that you can’t lose. But making money with sure bets is not as easy as it sounds! First, you should be aware of several things before investing money on a sure bet. So what, exactly, is a “sure bet”? Sure bets are the result of fluctuations in commercially available odds. In a proper sure bet, the gambler will make money regardless of the outcome of an event.
Consider the following example of a sure bet:
Bookie A offers odds of 3:1 on tennis Player X. But Bookie B thinks the other player is the favorite, and offers 3:1 odds on tennis Player Y for the same match.
Under these circumstances, you stand to make a sure profit.
For example:
You bet €10 on Player X at Bookie A and another €10 on Player Y at Bookie B.
If Player X wins, you get a payout sum of €30, for a profit of €10 (less the initial €20 investment). If Player Y wins, on the other hand, you still earn the same profit of €10. In this example, you can't lose!
But sure bets are not always immediately apparent. That's why there is a specific formula to help identify sure bets:
x > (x/odd 1)+(x/odd 2)+(x/odd 3)
where the left side of the equation (x) is the expected winning amount, and the right side of the equation adds up to the requested stake.
If the sum of the stakes is smaller than the expected winning amount, you've found a sure bet!
As mentioned above there are several points which you should follow in order to make money with sure bets. For starters, you should be well informed about the terms and conditions of your bookmakers. Let's have another look at the tennis match example mentioned above:
Assume that Player X leads 4:0 in the first set of the tennis match, but the match is unexpectedly canceled. In this case, it's possible that one bookie cancels the bet while the other settles the bet as won. Because of this difference in the terms and conditions of the bet, you might lose both of your bets. Therefore, always make sure the terms and conditions of both bookmakers are similar before placing a bet!
Despite the rumors of people getting rich with sure bets, the fact of the matter is that the profit margin for sure bets lies between one and three percent most of the time. In other words, sure bets are usually profitable only for high rollers betting large amounts of money. It is recommended that you spread your overall stake among different bookmakers, so that you are able to place a sure bet as soon as it is offered by a particular bookie.
Another risk factor are differences in maximum stakes, as well as sudden changes in the odds. In our tennis example, assume you have placed a €10 bet on Player X at Bookie A's 3:1 odds, but in the meantime, Bookie B's odds for Player Y went down from 3:1 to 2:1 before you placed your bet. This is no longer a sure bet, as you stand to lose some – if not all – of your investment.
It is clearly possible to make money with sure bets; but it's not true that this is easily earned money. In order to make real money with sure bets, you are required to have a large bankroll, a willingness to bet high stakes, and a good deal of experience and quickness. Inexperienced bettors should therefore start with smaller sure bets, since everyone is bound to make mistakes in the beginning. You can always raise the stakes later, as you gain more experience, learn to spot new sure bets and become more successful.
