What is a SureBet?
As odds of different bookmakers are different for a same event, there are cases where you can make a sure profit whatever the outcome of this event. For that, you have to analyse, at the same time, all bookmakers' odds and calculate the « scenarios » where you are a 100% winner whatever the final result. Collecting all the possible results for a specific match and verifying the following formula : 1/ Odds 1 + 1/ Odds 2 + ... + 1/ Odds n < 1
For example: You decide to bet 100 pounds on the victory of Manchester against Barcelona. The odds are the following : Manchester Draw Barcelona Williamhill 1.9 3.5 3.9 Betfair 1.3 3.7 6.2 1/1.9 + 1/3.7 + 1/6.2 = 0.9732 < 1
Here we show you how to determine how much you are going to bet for every forecast using your 100 pounds capital : * Victory of Manchester at Williamhill > 100 £ * 1/1.9 = 52.63£ * Draw at Betfair > 100£ * 1/3.7 = 27.03 £ * Victory of Barcelona at Betfair = 100£ * 1/6.2 = 16.13£
In the case of the victory of Manchester : At Williamhill, you win 52.63£ * 1.9 = 99.99 pounds You lose at Betfair 27.03 *+ 16.13 = 43.16 Your total earnings are then 56.83 £.
In the case of draw At Betfair, you win 27.03 * 3.7 = 100.01£ At Betfair you lose 16.13£ + 52.63£ at Williamhill = 68.76£ Your total earnings are then 31.25£.
In the case of a victory of Barcelona: At Betfair, you win 16.13 * 6.2 = 100.01£ At Betfair, you lose 27.03£ +52.63£ at Williamhill = 79.66£ Your total earnings are then 20.35£.
You will make a minimum sure profit of 20,35 pounds.
