| Risk Free
Betting
"There is no such thing as a free lunch"
is a common
known "rule" in life, but there sure are some meals that
are cheaper than others!
Bookmakers do not always present correct odds. Sometimes
the odds presented on a given event can vary very much
with different bookmakers.� Some bookmakers fancy the
home team, others fancy the away team, and some even the
draw. This is something punters can take advantage of.�
By adding the inverse of the odds offered on Home, Draw
and Away, we are able to calculate the spread tax of the
actual event.
Example 1
|
Home team |
Away team |
Home Win |
Draw |
Away Win |
|
Chelsea |
Barcelona |
1.90 (Littlewoods) |
3.60 (Chandler) |
5.75 (Hills) |
The best odds offered on Home, Draw and Away are Littlewoods� 1.90, Chandler's 3.60�and Hill�s 5.75.�
When Littlewoods offer 1.90 for the home win, it means
that a bet of �1 gives a �1.90�return.
As a result, a bet of��0.53 gives a �1 return (1 / 1.90
= 0.53).��
For the draw, a bet of �0.28 gives a �1 return (1 / 3.60
= 0.28)
For the away win, a bet of �0.17 gives a �1 return (1 /
5.75 = 0.17)
If we add all these bets (0.53 + 0.28 + 0.17) we get
0.98.�
Thus, you need to bet �0.98 in order to get a �1 for
sure.
If we take the inverse of �0.98�� (1/0.98 = 1.02)�you'll
see that for every �1 you bet, you will get �1.02 back!!
In other words, a totally risk-free bet!!!
Note:
The calculation is made without including any taxes or
other expenses (like the fees for transferring money).
In order to make use of this kind of betting, you need
accounts with several bookmakers, and a quite a
considerable funds available because even though it's a
sure bet, you will lose your stake at�two of the
bookies, and win at the third. Thus you may go broke in
some of your accounts, and if you need to deposit money
frequently, the transfer fees will outweigh the small
advantage you gain on this type of betting. Not all
bookmakers accept singles either. See our pages on
Online Bookmakers
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