If you're searching for a unique betting strategy that can minimize your risk while optimizing profit potential, you may have stumbled upon the concept of sure bets.
But what exactly is a sure bet and how does it work? We will explain it in detail in this extensive guide.
How do Sure Bets Work?
A sure bet, also known as an arbitrage bet, takes advantage of differing odds offered by various bookmakers for the same event. This strategy involves placing bets on all possible outcomes of an event with different bookmakers, thus guaranteeing a profit, regardless of the result.
Let's take the example of a tennis match between Carlos Alcaraz and Novak Djokovic. 1xBet offers odds of 1.80 on Carlos Alcaraz winning, while Parimatch offers odds of 2.20 on Novak Djokovic winning. By strategically placing your bets, you can ensure a profit no matter who wins the match.
Types of Sure Bets
There are three types of sure bets:
- 2-way sure bet: This involves two possible outcomes, such as a tennis match where either Alcaraz or Djokovic will win. This can also be used in cricket matches, as games rarely end in a draw.
- 3-way sure bet: This includes three outcomes, for example, a football match between Manchester United and Liverpool, where the results could be a win for Man United, a win for Liverpool, or a draw.
- Multi-way sure bet: This involves more than three possible outcomes.
For instance, consider a football match between Manchester United and Liverpool.
22Bet gives odds of 2.10 for Manchester United to win, Dafabet gives odds of 4.00 for a draw, and Stake gives odds of 5.00 for Liverpool to win.
By placing bets with these three bookmakers accordingly, you ensure a profit regardless of the outcome. Check the example stakes below to understand understand how this works.
- 22Bet: INR 1000 on Manchester United to win (2.10) = INR 2,100
- Dafabet: INR 500 on match to end in draw (4.00) = INR 2,000
- Stake: INR 500 on Liverpool to win (5.00) = INR 2,500
In this football betting example, you will walk away with your initial stake of INR 2,000 if the match ends in a draw. If Manchester United wins, you make a profit of INR 100, while you make a profit of INR 500 if Liverpool wins the match.
If you want to profit from sure bets, it is very important to make accounts at many different online betting sites. Make sure to check the odds at multiple bookmakers when you want to place a bet in order to look for Sure Bet opportunities.
Benefits of Sure Bets
Sure bets offer several advantages. The most notable is the guarantee of making a profit, regardless of the event's outcome. It's a risk-free betting strategy that, if done correctly, can provide steady returns.
In addition, you can also place sure bets to break even. As shown in the example above, you will break even if the match ends in a draw, while you will walk away with a handsome profit if either team ends up winning the match.
Challenges of Sure Bets
However, sure betting comes with its challenges. Finding sure bet opportunities requires a lot of time, effort, and a good understanding of betting odds.
Another challenge is that the odds often change and you have little time to take advantage of these kinds of bets. Placing sure bets requires you to take actions fast and to constantly monitor the odds across different platforms.
The only way you can profit of sure bets is by creating accounts at many different online bookmakers. Only then you will have the opportunity to profit of Sure Bets.
How to Place a Sure Bet?
To place a sure bet, you first need to identify an opportunity. This involves comparing odds from different bookmakers and finding an event where the odds allow you to bet on all possible outcomes and still make a profit.
For instance, in a cricket match between India and New Zealand, if EkBet offers odds of 2.10 for India to win, and Bettilt offers odds of 2.10 for New Zealand to win, you have a sure bet opportunity.
By placing the appropriate bet amount on both outcomes, you guarantee a profit irrespective of who wins.
Once an opportunity has been identified, place your bets on all possible outcomes. The aim isn't to win every bet but to guarantee a profit no matter the result. Remember, quick decision-making is often key to success in sure betting, as odds can change rapidly.
When placing the bet it is also important to determine which stake is necessary in order to secure the sure bet. Sometimes the stakes on each outcome should be different if you want to have a guaranteed profit.
Tips for Placing Successful Sure Bets
Sure betting requires patience and diligence, as sure bet opportunities are not always easy to find. You may also need to react quickly as these opportunities can vanish fast due to changing odds.
Successful sure betting also requires effective money management. Itβs crucial to determine a fixed amount to wager and to maintain this discipline, which can help minimize losses in the long run.
While it is not often possible to wager a fixed amount on each outcome, you can set a wagering limit per day, week, or month.
One common mistake is chasing high profits immediately. Sure betting is more about steady and consistent gains rather than big windfalls.
Another mistake is neglecting to consider the timing of bet placement, as odds can change quickly and influence the profitability of a sure bet.
Conclusion
Sure bets, while demanding, can be a profitable strategy if you are willing to invest the time and effort to understand and apply the technique.
With patience, diligence, and effective money management, you can minimise risks and enjoy consistent returns from your betting endeavors.
FAQ
A sure bet, or arbitrage bet, is a betting strategy where you place bets on all possible outcomes of an event with different bookmakers, guaranteeing a profit no matter the outcome.
Yes, sure bets are legal.
While sure bets guarantee a profit, they typically offer low returns. Therefore, it is unlikely to make you rich quickly but can provide steady gains over time.
Odds can change rapidly, which can impact the profitability of a sure bet.
Finding sure bet opportunities requires comparing odds from different bookmakers. There are also sure bet finder tools available online to assist you.
