SureBets

For more information about how to use the plugin and the features it includes, check out ArbBets.

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What is a SureBet?

A surebet (also referred to as betting arbitrage or arb) is a set of bets on a certain event that guarantees a profit, regardless of the event's outcome. Simply put, it is a situation where the player gains profit no matter what happens – or at the very least, does not lose anything. Bets that make up a surebet are called surebet outcomes. Interestingly, a surebet does not necessarily have to yield the same profit for all outcomes; players can choose to distribute bets in a way that maximizes the result for a specific outcome or even use it as a hedge to cover potential losses.

How Does It Work?

Let’s look at an example of a surebet in a match between Argentina and Saudi Arabia. Here are the odds from three different bookmakers:

• Novibet: Odds for Argentina's win: 1.20
• Betboro: Odds for a draw: 8.60
• Parimatch: Odds for Saudi Arabia's win: 25.00

Assuming you want to distribute your total stake of $1,000, you could place:

• $842.08 on Argentina's win at 1.20 odds (Novibet)
• $117.50 on a draw at 8.60 odds (Betboro)
• $40.42 on Saudi Arabia's win at 25.00 odds (Parimatch)

If any of these outcomes occur, you will receive a payout of approximately $1,010.50, ensuring a profit of $10.50 regardless of the event's result. This example gives you a 1.05% return from just one event. Imagine finding multiple surebets daily; your profit can accumulate quickly.

How to Find a SureBet?

Finding a surebet requires identifying a set of bets that meet these conditions:

1. One of the bets will win, or all bets will be returned, regardless of the outcome.
2. The odds allow you to distribute your total stake in such a way that the return from the winning bet is higher than or equal to the total stake amount.

This process involves collecting odds from as many bookmakers as possible and cross-referencing different bet combinations to identify surebets. Given the number of calculations and comparisons needed, it is best to use automated tools or software for surebetting to speed up the process.

What Types of SureBets Exist?

Surebets can vary based on the number of outcomes and the market types. Here are a few common types:

• Two-Outcome SureBets:

  • 1 - 2
  • Over - Under

• Three-Outcome SureBets:

  • 1 - X - 2 (Win-Draw-Win)
  • AH1(-0.5) - X - 2 (Asian Handicap, Draw, Opponent Win)

• Complex SureBets with Overlapping Outcomes:

  • 1X - 12 - X2
  • AH1(+0.25) - X - 2

Surebets can even involve multiple outcomes, as seen in tennis matches:

• 0:2 - 1:2 - 2:0 - 2:1

You can also create new types of surebets using equivalent bets and by shifting totals and handicaps.

What Are the Potential Pitfalls?

While surebets are theoretically risk-free, several practical issues can arise:

1. Bet Placement Issues: Some bookmakers might limit the amount you can bet, refuse a bet, or only accept system or express bets on certain events.
2. Odds Fluctuations: Odds can change while you are placing bets, potentially turning a surebet into a loss.
3. Inconsistent Rules: Bookmakers may have different rules for handling overtimes, shootouts, or other special situations.
4. Refunds and Cancellations: Bookmakers can refund bets in case of a technical issue, affecting the intended surebet outcome.
5. Bookmaker Restrictions: Some bookmakers may limit accounts if they suspect you are consistently making profitable bets. Betting exchanges tend to be safer, as they profit from commission rather than losses.

How to Avoid Risks in SureBetting

To minimize potential pitfalls, follow these steps:

• Use reliable bookmakers known for their fair practices.
• Avoid overly lucrative surebets (those with over 10% profitability) without careful consideration, as they may involve more risk.
• Cross-check all bets and ensure consistency in the bookmakers' rules.
• Keep your stake low (5% of your bankroll) for each surebet to limit potential losses.

Conclusion

Surebets offer a unique way to make guaranteed profits in sports betting. By taking advantage of different odds across multiple bookmakers, you can create scenarios where you profit regardless of the event's outcome. However, it's essential to be aware of the risks and challenges involved in arbitrage betting and use tools to identify opportunities efficiently. With the right strategy and cautious approach, surebetting can be a consistent way to increase your bankroll.