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Originally Posted by djroof
arbitrage called "sure bets" means that at one game ex. Chelsea - Barcelona u bet at 1-X-2 with the high odds from some bookies and u have sure winnings at any result, but this is difficult because u must find the bookies and register to them.... and some bookies are really craps!!!
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that sounds nearly impossible
Bookies have usually similar odds ( not the same but similar ) so lets say Chelsea plays against Barcelona at the odds are like on average
1.90 for Chelsea
2.80 for Draw
and 3.15 for Barcelona
now if you compare 10 different bookies you'll see that the best oofers overall are 2.0 for Chelsea, 3.30 for draw and 3.70 for Barcelona, but if you place same amounts, like f.e $1k on each of these possibilities, then if Chelsea wins, you win $2k, but you placed bets for $3k
so I assume you need to place different amounts on each result, so that everytime you have guaranteed winnings... but i guess that requires some formula so that you don't have to compare manually 50 different games at 10 bookies each day to find out the few games where odds are so different that using this strategy is actually possible
anyway, I never heard about that concept, but it sounds interesting
my original question was about someone following all the news and statistical data so closely that he has an advantage over the average player who is often driven by emotions when placing bets