| “First they ignore you, then they laugh at you,
then they fight you, then you win.”
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| Mahatma Gandhi
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What is Sport Arbitrage? |
SureBet (or Arbitrage) is when a single event with different bookmakers has such odds that if you cover all betting options you win for sure. Maybe this definition is not the most correct one but that is the essence. It would be best to explain with simple example.
Game Winner (Tennis)
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Bookmaker 1 |
Bookmaker 2 |
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Outcome 1 |
1.25 |
1.43 |
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Outcome 2 |
3.9 |
2.85 |
Maximum odd for Outcome 1 is 1.43, and maximum odd for Outcome 2 is 3.9. Let's say that we want to place 100USD stake. That stake has to be divided between bookmakers in the following manner:
Bookmaker 1 73.17
Bookmaker 2 26.83
So if player one wins the game (Outcome 1) we will win 73.17x1.43=104.63 USD
If player two wins the game (Outcome 2) we will win 26.83x3.9=104.63 USD
We have sure 4.63USD profit. In this way we do not depend on event outcome, we will win for sure...so that is why people named this way of betting "Sure Bet".
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How long does arb last? |
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Arbs based on live betting does not last for very long and there are no rules about the odds validity duration. We have not concluded anything significant on the basis of our statistics (since we tested the whole product before its commercial use). We hope you will not take the wrong way our sincerity. Simply this kind of data won’t be of any help. You should know that you have enough time to place the bet. One thing is sure - you should try to avoid the arbs made on the occasion of something happening during the match (e.g. player sent to off, a goal scored and alike).
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Why isn’t everyone doing it? |
There are websites and applications which follow the sure bet but they refer to regular, not live betting. They could be found on the internet and there are many of them. And people use them (to the extent it is possible). There are two main problems with regular betting sure bets. First is that the winning margin is in 99% very, very small(less than 5%). That is because bookmakers are using the same or slightly different algorithms for odds calculation, which manifests like just small odds diversion. That is generating sure bets with small gain. During live betting, odds are calculated based on bookmakers current money balance(dependent on many things: current income, odds load, desired maximum win and loss and few other things). So all these factors are producing more sure bets and greater gains.
The second problem occurs at the moment somebody finds about the SureBet, the very same moment the bookmaker knows it as well and changes odds to avoid the betting. Bookmakers have too much time to react.
The situation with Live Betting is different. Arbs does not last for very long(only because odds are frequently changing), but on the other hand the profit is much bigger. Try it!
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Where have we been until now? |
What we have told you so far has not been much of a secret. Simply the technology did not allow fast (read momentarily) data transfer about arbs to all users. There is another company that is doing this (we will not give you the link out of the reasons that are understandable) and they are using desktop application which you must have if you want to use their services. We assume they are using the socket technology but we do not want to burden you with technical details.
We use the same, but on the level of internet browser so you will not depend on the location (home, work, restaurant, bar - it is all the same). All you need is a username and a password. And Google Chrome, only browser that
fully supports this technology at the moment. |
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Can’t the bookmakers fight against arbs? |
They can and they do! However you should not be worried! You are placing arbs based on live betting and in those cases bookmakers do not have too much time to react. The only way the bookmakers can fight is to prevent you from placing the bet, which is not possible at all. And it is illogical for bookmakers not to accept bets.
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How much money should I place? |
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There is no limit. This kind of betting is for all, for those with high stakes and those with low stakes. That is why you can always enter the amount of money you would like to play with. You start with 100 USD and you are tipped with arb which requires the payment of 78.45 USD for a single event. After that you can use 20 USD as stake and the application will recalculate the amounts for that particular stake with different bookmakers.
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How much can I earn? |
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We expect the answer from you to this question. The technology set the conditions and you should fulfill them. Everything depends on your estimation and organisation. Our advice is: do not play alone, include somebody else. Split the bookmakers. You can place the bet with some of the bookmakers, your friends with other. There are no limits and that is the best and the most challenging.
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How long does it take? |
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You are betting with arbs which covers the live betting. Place certain amounts of money, let’s say, at the beginning of the tennis match game and by the time the game is over you have already won some money. It takes a few minutes to an hour - that’s how long it takes. The choice of events to bet on is up to you. The system is flexible. |
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As the saying goes, there’s no such thing as a free lunch
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Of course, some things are more certain than the others. There are some rules which you have to respect about SureBet:
1. Check odds before you make a payment
2. Check odds before you make a payment
3. Software cannot know whether extremely high odds are such due to a mistake made by bookmaker or due to some particular event: try to avoid extremely high profits. They can be legitimate or they can be the consequence of a mistake in the software used by a bookmaker for generating odds or they can be conditioned by the event during the sports match.
4. ALWAYS cover all the options. Let’s return to the option above:
You placed 73.17 USD on Outcome 1. At that moment our software informs you that there is no more SureBet for the given event. The odds for Outcome 2 are not anymore 3.9. It is 3.2 now. In case you give up on betting at this moment and the Outcome 2 wins you lose 73.17 USD that you have invested. In case you place 26.83USD on Outcome 2, the situation is as follows:
Outcome 1 wins 1.43x73.17=104.63USD – you have earned 4.63USD
Outcome 2 wins - 3.2x 26.83=85.86USD - it means that you have invested 100USD with the return of the invested in the amount of 85.86USD; you decreased the possible loss to 14.14USD, instead of 73.17USD.
You should not worry about this. It would be dishonest of us to say that this scenario is not possible. However, you should know that this scenario can happen in 5% of all cases. This percentage can be decreased in three ways:
a) As time goes by you will become really skilful in making fast payment and you will develop a special flair about which SureBet lasts long enough to avoid this situation;
b) Software suggests the schedule of making payments according duration of SureBet. Let’s return to previous examples:
Bookmaker No.1 sets the odds 3.9 for Outcome 1 and he keeps those odds for 2 minutes. Bookmaker No.2 changes their odds to1.43. You receive from us the information about this event, about SureBet, and the recommendation to make a payment to bookmaker No.1 first (since it keep its odds for some time and there is bigger probability that it will change) and then make a payment to bookmaker no.2 (since they have just changed the odds and the probability that the odds will change in the next few minutes is small).
c) Use "copy to clipboard option", since it will copy stake to your clipboard. All
you have to do is paste them in payment section of selected bookmaker web page.
This will save you few seconds.
Avoid SureBets which contains the repeated bookmaker’s odds, i.e., one bookmaker is covering two or three options. During live betting, the bookmakers rely on current payments to calculate their odds and often they do not check whether the odds they have calculated represents the SureBet. We will continue to present those arbs.
It will be up to you to decide if you want to use them or not.
The rest we would like to learn from you. Every your suggestion will be considered and if it turns out to be useful for a large number of players we will accept it.
Try to make rounded amounts when making your stake (if possible).
In the end, the worst thing that can happen is that a bookmaker closes your account, which is not so bad. You can always open a new account or go to another bookmaker.
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List of bookmakers |
We reached an agreement in our team that we should cover no more than 5 or 6 bookmakers. Why?
We do not want to make you open the accounts with 30 bookmakers and make confusion when you need to make the payment. Trust us. During a single tennis match, 5 bookmakers will give you at least 10 SureBets which is more than enough. We expect to hear your opinion about this too. If you want us to add another bookmaker, we will do it.
You should know that all of the bookmakers do not make the odds on their own. Many of them copy the odds from other companies, use existing LiveOdd internet services (we have also developed such a service). It would be a bad taste to advertise us by covering the bookmakers that are using same odd source(same global internet service). Honesty is best policy.
At the end, watch the video on arbs. When we were developing software we had a dilemma. Should we leave it just for us or should we put it onto the market. The answer was given by our friend who said “I have to use this” the moment he saw all these possibilities that application is offering.
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List of bookmakers:
- bwin
- Interwetten
- Gamebookers
- WilliamHill
- Expekt
- 888Sport
- BetAtHome
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