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Football (+/Other Sports) Betting Season 13 - Business (3283) - Nairaland

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Re: Football (+/Other Sports) Betting Season 13 by Nobody: 8:22pm On Sep 19, 2019
wiseone28:
It's true especially if u want to bet high ..

Just 2 odds u will be jittery grin

Why is bet9ja so wicked. No bonus yet they are reducing my money. I planned cashing out. I am just weak. Suppose to be 292k

Re: Football (+/Other Sports) Betting Season 13 by wiseone28: 8:22pm On Sep 19, 2019
wiconse:


The one wey I dey play nko. How many has greened
I didn't refer to you na that after game i knew it punter
Re: Football (+/Other Sports) Betting Season 13 by wiseone28: 8:25pm On Sep 19, 2019
wiconse:


Why is bet9ja so wicked. No bonus yet they are reducing my money. I planned cashing out. I am just weak. Suppose to be 292k
You don't get bonus with such odds

1 Like

Re: Football (+/Other Sports) Betting Season 13 by Nobody: 8:27pm On Sep 19, 2019
Arbitrage betting (also known as a "surebet" or “arb”) is a risk-free opportunity to make a guaranteed profit on a particular sporting event or betting market. When arbing, you are essentially exploiting differences in odds being offered between a number of bookmakers, typically two. The difference in the odds being offered is so pronounced, that you have the opportunity to make a profit no matter what the outcome. What Is Arbitrage Betting: Examples Of Surebets Let's take a look at two arbitrage betting examples. Example one, we encounter the following scenario: Balanced Odds Andy Murray is playing Novak Djokovic in a Wimbledon Final. Murray is available at odds of 2.10 with bookmaker A Djokovic is likewise available at odds of 2.10 with bookmaker B Here we find a perfect arbitrage opportunity. If we simply place £100 on Murray to win and £100 on Djokovic to win, we are guaranteed a profit, in this case a profit of £10. Let's say that Djokovic wins. Our returns would be: Murray -£100 Djokovic +£110 Profit = £10 Unbalanced Odds The above example was simple. But arbitrage opportunities are not always easy to identify. In the example below, the Chicago Bulls are facing the Cleveland Cavs in a NBA game: Cleveland are at odds of 1.20 with bookmaker A Chicago are at odds of 8.00 with bookmaker B. This situation is a bit trickier. How can we calculate an arbitrage bet? How To Calculate A Surebet Calculating an arb with an arbitrage betting calculator is easy. But let's look at the calculations involved to help us develop a deeper understanding of the dynamics involved in an arbitrage betting opportunity. There are two key questions when it comes to arbitrage betting: #1 - How do you know if you have identified an arbitrage opportunity? #2 – How much should you stake in order to secure your guaranteed profit? Finding An Arbitrage Bet Opportunity Similar to calculating the bookmaker's margin (or commission) on a given betting market, we identify an arbitrage opportunity by adding the implied probabilities of the best betting odds available for each outcome. To calculate the implied probability for each outcome, we simply divide the odds for that outcome in decimal format by 1. So let's then look at our simple example of Murray vs Djokovic from earlier in this article. Murray at odds of 2.10 implied probability = 1 / 2.10 = 0,476 = 47.6% So the implied probability of Murray's odds of 2.10 is 47.6%. Let's now consider Djokovic. Djokovic at odds of 2.10 implied probability = 1 / 2.10 = 0.476 = 47.6% To determine if we have identified an arbitrage betting opportunity and a guaranteed profit, we simply add the two implied probabilities together. Total: 47.6% + 47.6% = 95.2% When the implied probability for a given betting market adds up to less than 100%, it is an opportunity to make a sure profit. The lower the value below 100%, the more worthwhile the arbitrage bet is and the greater the profit we can make. In this example the market is well below 100%. So lets then take a look at Cleveland vs Chicago in our NBA example. Have we identified an opportunity to arb? Cleveland at odds of 1.20 implied probability = 1 / 1.20 = 0.833 = 83.3% Chicago at odds of 8.00 implied probability = 1 / 8.00 = 0.125 = 12.5% Market Total = 83.3% + 12.5% = 95.8% Again, we have identified the chance to make a sure profit as the market is again well below 100%. How To Calculate Stakes For A Guaranteed Profit This question was easy to answer in our Murray vs Djokovic example. As both have the same odds, we simply bet the same amount on each outcome to guarantee our profit no matter who wins the match. But more often than not, arbitrage bets are not this simplistic. Typically we will need to weight our staking according to the odds of each outcome. How do we do this? #1 - Calculate the implied probabilities of all possible market outcomes #2 - Calculate the sum of the probabilities of all possible market outcomes #3 – Divide the implied probability of each individual outcome by the sum of all probabilities In this way we can determine the correct amount to bet to achieve our profit. Example: Cleveland vs Chicago We calculate the implied probability of each outcome and add them together just as we previously did. Cleveland at odds of 1.20 implied probability = 1 / 1.20 = 0.833 = 83.3% Chicago at odds of 8.00 implied probability = 1 / 8.00 = 0.125 = 12.5% Market Total = 83.3% + 12.5% = 95.8% Now we calculate how much to bet on each outcome by dividing the implied probability of each outcome by the total market probability. Cleveland = 83.3% / 95.8% = 86.952% Chicago = 12.5% / 95.8% = 13.048% So in this example, if we wanted to arb a total of £1,000, we would place 86.952% of our £1,000 on Cleveland at odds of 1.20 and 13.048% of our £1,000 on Chicago at odds of 8.00. Now we will win the same amount no matter who wins the game, Cleveland or Chicago. Let's walk it through: We want to stake £1,000 in our arbitrage bet. £1,000 * 86.95% = £869.52 on Cleveland at odds of 1.20 £1,000 * 13.05% = £130.48 on Chicago at odds of 8.00 So now, no matter who wins, we are guaranteed a profit of roughly £44. If Cleveland wins, we collect (£869.52 * 1.20 =) £1043.42. After we deduct our £1,000 stake, we come away with our £43.42 guaranteed profit. If Chicago wins, we collect (£130.48 * 8.00) = £1043.84. After we deduct our £1,000 stake, we come away with our £43.84 guaranteed profit. Applying Our Calculation To Other Markets We have only considered betting markets with just two outcomes, team A wins or team B wins. But what about a football 1X2 market or even a horse race featuring 12 runners? Well the principles remain the same. #1 - Calculate the implied probabilities of all possible market outcomes #2 - Calculate the sum of the probabilities of all possible market outcomes #3 – Divide the implied probability of each individual outcome by the sum of all probabilitie Let's say we have an upcoming Premier League match between Manchester City and Arsenal. We are looking here at the 1X2 betting market. We have three possible outcomes: Manchester City win, at odds of 2.80 Drawn match, at odds of 3.60 Arsenal win, at odds of 3.20 Let's see if we have an arbitrage opportunity. As we did in our previous examples, we calculate the implied probability for each individual outcome. Manchester City at odds of 2.80 implied probability = 1 / 2.80 = 0.3571 = 35.71% Drawn match at odds of 3.60 implied probability = 1 / 3.60 = 0.2778 = 27.78% Arsenal win at odds of 3.20 implied probability = 1 / 3.20 = 0.3125 = 31.25% We then add each probability to come up with our market total. = 35.71% + 27.78% + 31.25% = 94.74% Great news! As the market total is below 100%, we have identified an opportunity to make a guaranteed profit. We now need to work out how much to stake on each outcome to guarantee the same profit no matter the outcome. Let's say we want to stake a total of £500. Manchester City at odds of 2.80 = 35.71% / 94.74% = 37.693% So we will stake 37.693% of £500, a total of £188.47 on Manchester City to win. Drawn match at odds of 3.60 = 27.78% / 94.74% = 29.323% So we will stake 29.323% of £500, a total of £146.62 on the Drawn match. Arsenal at odds of 3.20 = 31.25% / 94.74% = 32.984% So we will stake 32.984% of £500, a total of £164.91 on Arsenal to win. If we bet each of these amounts, we will be guaranteed a profit on the match of roughly £28 no matter what happens. Arbitrage Excel Surebet Calculator We've made calculating arbitrage bets all the easier with our arbitrage excel calculator. The bettingexpert arbitrage calculator in Excel will not only tell you if a certain betting market is offering you the chance to make a guaranteed profit, but will likewise tell you exactly how much to bet on each outcome to guarantee yourself that profit. Here's how:

2 Likes

Re: Football (+/Other Sports) Betting Season 13 by Nobody: 8:28pm On Sep 19, 2019
wiseone28:
You don't get bonus with such odds

The remaining game is one and it is 1.12 odd.
Divide 3.28odd with 1.12 odd equal to 2.92.

Okay since there is no bonus, 2.92*100k, is supposed to be 292k. Yet they are giving me 248k, reduced by over 80k. Is it fair?
Re: Football (+/Other Sports) Betting Season 13 by Nobody: 8:35pm On Sep 19, 2019
play dis game before dey reduce d odd
sure win
europa league
Borussia M'gladbach vs Wolfsberger AC

AWAY WIN 1.65ODD
Re: Football (+/Other Sports) Betting Season 13 by Nobody: 8:36pm On Sep 19, 2019
emperorblog21:
play dis game before dey reduce d odd
sure win
europa league
Borussia M'gladbach vs Wolfsberger AC

AWAY WIN 1.65ODD

isrealp Danie08
Re: Football (+/Other Sports) Betting Season 13 by Niwdog(m): 8:37pm On Sep 19, 2019
German teams are just useless

1 Like

Re: Football (+/Other Sports) Betting Season 13 by officialfestus(m): 8:39pm On Sep 19, 2019
SystemBet:


am in
ok
Re: Football (+/Other Sports) Betting Season 13 by israelp(m): 8:43pm On Sep 19, 2019
emperorblog21:


isrealp Danie08
3-0 nw...no value for odd again
Re: Football (+/Other Sports) Betting Season 13 by SystemBet: 8:43pm On Sep 19, 2019
i will drop 1 game 2morow before 12 noon.........bet9ja
officialfestus:
ok
Re: Football (+/Other Sports) Betting Season 13 by officialfestus(m): 8:45pm On Sep 19, 2019
[quote author=emperorblog21 post=82385544:[/quote]minimum amount one can start with is how much?
Re: Football (+/Other Sports) Betting Season 13 by tonididdy(m): 8:46pm On Sep 19, 2019
Chai today be sweet oh undecided
Re: Football (+/Other Sports) Betting Season 13 by tonididdy(m): 8:47pm On Sep 19, 2019
emperorblog21:
play dis game before dey reduce d odd

sure win

europa league

Borussia M'gladbach vs Wolfsberger AC


AWAY WIN
1.65ODD
That game na draw FT
Re: Football (+/Other Sports) Betting Season 13 by Nobody: 8:47pm On Sep 19, 2019
israelp:
3-0 nw...no value for odd again
gosh am nor able to fund my acct dat y i did not plag d game.

germany teama are useless


wolfsbeger is a low team in austria before
Re: Football (+/Other Sports) Betting Season 13 by wiseone28: 8:47pm On Sep 19, 2019
wiconse:


The remaining game is one and it is 1.12 odd.
Divide 3.28odd with 1.12 odd equal to 2.92.

Okay since there is no bonus, 2.92*100k, is supposed to be 292k. Yet they are giving me 248k, reduced by over 80k. Is it fair?
cashout can go up or down depending on the information concerning the remaining game before kick off grin
Re: Football (+/Other Sports) Betting Season 13 by tonididdy(m): 8:47pm On Sep 19, 2019
officialfestus:
who's in? 5 persons left
Mark me
Re: Football (+/Other Sports) Betting Season 13 by officialfestus(m): 8:47pm On Sep 19, 2019
SystemBet:
i will drop 1 game 2morow before 12 noon.........bet9ja
I'll be creating the whatsapp group tomorrow
Re: Football (+/Other Sports) Betting Season 13 by Nobody: 8:48pm On Sep 19, 2019
tonididdy:
That game na draw FT

lol forget
dem go beat dem,now 0-3
Re: Football (+/Other Sports) Betting Season 13 by tonididdy(m): 8:50pm On Sep 19, 2019
emperorblog21:



lol forget

dem go beat dem,now 0-3
I will play in play over 1.5goals home
Re: Football (+/Other Sports) Betting Season 13 by dahgifted(m): 8:50pm On Sep 19, 2019
Danie08:


Drop your details make I do you small thing to stake
Abeg drop more of these live odds
32 582 18 bet9ja god bless
Re: Football (+/Other Sports) Betting Season 13 by tonididdy(m): 8:51pm On Sep 19, 2019
Copenhagen angry
Re: Football (+/Other Sports) Betting Season 13 by israelp(m): 8:52pm On Sep 19, 2019
if manu nr win today i go burn my jersey grin
Re: Football (+/Other Sports) Betting Season 13 by Nobody: 8:55pm On Sep 19, 2019
emperorblog21:
denmark 1st division

Under 3.5 1.20 O/U Live 6733 Viborg FF Vendsyssel FF

GAME WON
Re: Football (+/Other Sports) Betting Season 13 by wiseone28: 8:56pm On Sep 19, 2019
emperorblog21:


gosh am nor able to fund my acct dat y i did not plag d game.


germany teama are useless



wolfsbeger is a low team in austria before
Between Watford and Man city who will win on weekend so that i can take loan and bet?

Re: Football (+/Other Sports) Betting Season 13 by Nobody: 8:57pm On Sep 19, 2019
GAME 14

Under 1.5

1.50


Live 3189 Wolverhampton VS Sporting...
Re: Football (+/Other Sports) Betting Season 13 by Nobody: 8:57pm On Sep 19, 2019
wiseone28:
Between Watford and Man city or will win on weekend so that i can take loan and bet?


20min draw sir
Re: Football (+/Other Sports) Betting Season 13 by COZA(m): 9:00pm On Sep 19, 2019
this 2nd half..Man U should please score 2 goals pls, and. Wolves play 6 more corners... shocked

else sad
Re: Football (+/Other Sports) Betting Season 13 by Legits(f): 9:00pm On Sep 19, 2019
One game to go....make Ludogorets score abeg........Game won

Re: Football (+/Other Sports) Betting Season 13 by COZA(m): 9:01pm On Sep 19, 2019
Legits:
One game to go....make Ludogorets score abeg

They’ll definitely score.. congrats in advance! wink

2 Likes

Re: Football (+/Other Sports) Betting Season 13 by Nobody: 9:02pm On Sep 19, 2019
BEND DOWN SELECT 2ODD LIVE
Live Game ID: 5086 | 45:00 Running Borussia M'gladbach v Wolfsberger AC (0:3) Pick Away @1.12 Market 1x2 Go to Live Betting



Live Game ID: 5431 | 45:15 Running Espanyol v Ferencvarosi TC (0:1) Pick Draw or Away @1.22 Market Double chance Go to Live Betting



Live Game ID: 2344 | 45:00 Running FC Porto v BSC Young Boys (2:1) Pick Away (0:4) @1.06 Market Handicap 0:4 Go to Live Betting



Live Game ID: 4142 | 45:00 Running FK Partizan v AZ Alkmaar (1:1) Pick Under 4.5 @1.16 Market O/U Go to Live Betting



Live Game ID: 4146 | 45:00 Running KAA Gent v St. Etienne (2:1) Pick Home @1.04 Market DNB Go to Live Betting



Live Game ID: 5504 | 45:00 Running Ludogorets 1945 Razgrad v CSKA Moscow (0:1) Pick Draw or Away @1.10 Market Double chance Go to Live Betting



Live Game ID: 5276 | 45:15 Running Man Utd v FC Astana (0:0) Pick Away (0:3) @1.16 Market Handicap 0:3 Go to Live Betting




Live Game ID: 6064 | 45:00 Running Rangers FC v Feyenoord Rotterdam (1:0) Pick Home or Draw @1.03 Market Double chance Go to Live Betting



Live Game ID: 2848 | 45:31 Running Roma v Basaksehir FK (1:0) Pick Home or Away @1.15 Market Double chance Go to Live Betting



Live Game ID: 1800 | 45:00 Running SK Slovan Bratislava v Besiktas (1:2) Pick Away (0:1) @1.07 Market Handicap 0:1

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