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Bets, impossible to lose!!!

eirebhoy · 2004-03-11 13:52:05

Here is a way of making money from bets that are impossible to lose. The thing is you will have to bet 1,000 to get about 40 back but it will give you a night out and if you put a few bets on every week and you let it all build in your paypal a/c for as long as you like, you will make a bit.:) This is how it works, its a…

11-03-2004 1:52pm

#1

eirebhoy

Closed Accounts Posts: 14,013 ✭✭✭✭

Join Date: April 2003

Posts: 13346

Here is a way of making money from bets that are impossible to lose. The thing is you will have to bet 1,000 to get about 40 back but it will give you a night out and if you put a few bets on every week and you let it all build in your paypal a/c for as long as you like, you will make a bit.:)

This is how it works, its a bit confusing with the odds in EU style (if you want to convert odds from EU to UK go here:

A SureBet is a bet, where there is such a difference in the bookmakers odds that you by betting on all outcomes in an event is sure of winning money. In a football match you have to bet on home, draw, and away with bets placed at different bookmakers.

How the return are calculated

In a match between Brazil and England the best(with 3 different bookies) odds on home / draw / away are 2.80 (9/5) / 3.50 (5/2) / 3.10 (19/9). Odds 2.80 means that a bet for $1 gives $2.80 in case of a home victory. Hence a bet of

$1 / 2.80 = $0.36

therefore if you bet $0.36 at odds of 2.80 you will receive $1 if it wins. Similar to this, you need $0.29 and $0.32 to receive $1 in case of a draw or an away victory. Add the three numbers to get the cost of a $1 payment irrespective of the outcome of the match:

0.36 + 0.29 + 0.32 = 0.97

You will need $0.97 to be sure to get $1 back. Or, said in another way, for each $1 you bet, you will get $1 / 0.97 = $1.04 back for sure, a return of 3.58%.

Notice: This calculation does not include tax or other expenses. To take advantage of a SureBet, you will have to be a customer at all three bookmakers which provide the odds. Finally some bookmakers require that you bet on more than a single match to accept your bet.

You are obviously not going to check the odds of every match to see if you can get a sure bet on it so keep an eye on this site and it will tell you when a surebet is available and with what bookies: www.betbrain.com.

Enjoy.

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