How to get the best odds on sports betting

KTChampions

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Quote from: magneto on April 18, 2021, 01:31:51 AM

Doubt that this could be automated.

The differences are so subtle in these that unless a significant amount was invested in the arbitrage bot, it is very unlikely it'll be picked up. These unique combinations of complementary/supplementary bets can really be picked out by a human.

The fact that OP can consistently find these odds hiding in plain site should be enough proof that arbitrageurs, including botters, simply aren't picking these things up quickly enough to turn a profit. Hence what I said earlier about a *potentially* profitable opportunity.

I don't see any problems with automation from a technical point of view. This is quite easy to do and small differences in the odds do not prevent you from making huge profits, since the bot can complete many transactions in one day. The main problem is that bookmakers chase and ban all fans of guaranteed bets (surebets), regardless of whether they work manually or with the help of bots.

magneto

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Quote from: Silberman on April 01, 2021, 08:36:52 PM

Quote from: magneto on April 01, 2021, 05:44:51 PM

-snip-

Arbitrage opportunities appear all the time but close just as fast as there is always someone looking for them, I really think that we are getting to the point in which sport gamblers that want to take advantages of such windows need to create their own bots similarly to what it is happening already with trading, besides casinos do not like this so they could limit your account or close it as they do not like gamblers that always take the best possible lines they offer.

Doubt that this could be automated.

The differences are so subtle in these that unless a significant amount was invested in the arbitrage bot, it is very unlikely it'll be picked up. These unique combinations of complementary/supplementary bets can really be picked out by a human.

The fact that OP can consistently find these odds hiding in plain site should be enough proof that arbitrageurs, including botters, simply aren't picking these things up quickly enough to turn a profit. Hence what I said earlier about a *potentially* profitable opportunity.

Silberman

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There are mathematically good suggestions at first post in the thread. Although I think most important thing with football (or soccer) betting is to play with middle rank teams in table. They are unpredictable in eye of gambling sites, even though being around middle rank means they are sort of good at winning. Their general win bets are gonna be good to play for.

That is an interesting strategy, we know that casinos give on purpose worst odds to the favourites as they know people have a greater tendency to bet on them, and bad teams regardless of the odds they receive have very low chances of actually giving you a win, but teams on the middle of the rankings have a good enough performance and they do not receive the handicap good teams receive, if I remember correctly there was someone on the forum that made a similar experiment to this and he had good results.

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I usually prefer to compare the odds before betting on the specific market because of the different odds providers. The reputable sports bookies take the best odds from the market and they never try to reduce the juicy odds before the event depending on the demand/supply. The best odds can be found on oddsportal and oddscompare websites, usually, Pinnacle is the only winner as the best odds provider. There is no reason to go for another sports bookie if Pinnacle gives us what we want since they accept cryptocurrencies as the payment method.

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Quote from: Vaskiy on April 01, 2021, 06:59:43 PM

Quote from: Hippocrypto on April 01, 2021, 06:30:07 PM

The important ways to determine odds is taking all possible step towards every team that you're going to bet with.
Gather all data on every game results in order to find out a preferred analysis, then tabulate them all to have definite prospects.
Always make sure you're a good fan of that sports game, because that's a good formula in achieving your decision making and could help you finding best odds.

Data gathering is the important thing in selection of odds. Only through this data it is possible to get a detailed information about the games played by both the teams as well as the win rate. Through this one can make guess the winning probability and choose the odds.

Apart from this form of odd selection random odd selection is preferred by users who prefer to go with their luck. I've done this and got wins out of luck from tennis games where I don't have any idea about. Most of the time I prefer to go with the low odds provided, which means increased winning chance.

I agree with you but where do you find your datas personally? What are your data sources?
Moreover not all datas are usable to make a bet with, you have to sort them, and it's not so easy to choose which data is relevant and which data is useless.

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Quote from: romero121 on April 04, 2021, 09:04:52 PM

Odds on sports betting will be connected with the match scenario. When both the teams are of equal strength, the odds will be close with very minimal difference. These matches were of high risk involved, whereas one sided games will have have big difference in the odds. With these games most of the time the low odds will make a winning.

You're partially right on that but still it can happen on any given match. It just depends on the sportsbook you're using because not everyone have the same vig.

On Fortunejack if you check their Champion's league odds between Liverpool and Real Madrid very even match yet there's still a noticeable odds difference when you compare DNB and the +/- 0 handicap.

Twentyonepaylots

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What I do when sports betting is only bet when the team I did an extensive research on is playing. I know it's gonna cripple my chances of raking in more wins but at the very least, the games that I do bet on are almost always guaranteed a win, because I know the ins and outs of the team I am rooting on and who they are better or worse.

KTChampions

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Quote from: Hydrogen on March 31, 2021, 06:00:18 PM

There are comparison shopping websites that list odds different books offer for the same sporting event.

https://www.oddsmarket.com/tennis/

https://i.imgur.com/vLRSiBr.jpg
~

I was surprised to see such a dramatic difference in the odds offered Shocked

I don't know how the 5.4 and 8.59 odds for the same event by different bookmakers can be explained

One gets the impression that some bookmakers have insider information for some matches, although I do not believe in this at such a high level.

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Quote from: Cnut237 on April 05, 2021, 03:56:04 AM

Quote from: vennali on April 05, 2021, 01:44:41 AM

These are website specific

Often the best odds can be found at sites where betting is thinnest. For example Futuur have recently opened bitcoin markets, and the odds of Man City winning the English Premier League are only 53%, despite them being almost certain to win. Note that unless you have an account and can select bitcoin as your betting currency, the link below takes you to the play-money market, which has more bets and is 99% for Man City.

https://futuur.com/q/119057/who-will-be-the-champion-of-premier-league-20202021

Yeah 100% agreed. People can take advantage of new or less popular sportsbooks because of the less statistical research they use for setting the odds(by the provider). Now a days it is very narrowed down though since there are sites that could help you arbitrage. Some websites apparently dont like if the player arbitrages within the site itself. ie. bet on pre match and then counter it live. I have seen cases where a few users were banned. I would consider banning the players for that reason as bad practice though and those sportsbooks should be avoided.

Cnut237

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Quote from: vennali on April 05, 2021, 01:44:41 AM

These are website specific

Often the best odds can be found at sites where betting is thinnest. For example Futuur have recently opened bitcoin markets, and the odds of Man City winning the English Premier League are only 53%, despite them being almost certain to win. Note that unless you have an account and can select bitcoin as your betting currency, the link below takes you to the play-money market, which has more bets and is 99% for Man City.

https://futuur.com/q/119057/who-will-be-the-champion-of-premier-league-20202021

vennali

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Quote from: perfect999 on March 31, 2021, 12:45:52 PM

I was surprised to see the discrepancy in odds and I wanted to share with you some ways of how you can avoid poor odds and get the best value for your bets.

Getting the best odds on the same outcome

I have seen at times that multiple markets are identical but odds are different. I will share a few examples to explain it better.
~snip~

These are website specific and do not work everywhere. Although it could work on most sites but the best sportsbooks streamline the odds so that the odds for similar instances are similar. Something like 0-0 might have higher odds than under 0.5 since the "0.5" is arithmetically introduced into the system which is higher than 0 but lower than 1(so odds calculated somewhere in between the two). The odds for No goals and 0:0 might be the same though.

YOSHIE

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In checking money lines and identifying them online, this is also a good and fast way to use a lot of sports betting bettors, in this case most of the sports betting sites will show negative and positive numbers which will be at stake in winning a few dollars.

Most online sports books, will offer betting without coercion, however, it is also necessary to understand that verification is also very important researching, roster, the team must also be accurately indicated the strong and the weak, of all the players and also the groups.

romero121

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Odds on sports betting will be connected with the match scenario. When both the teams are of equal strength, the odds will be close with very minimal difference. These matches were of high risk involved, whereas one sided games will have have big difference in the odds. With these games most of the time the low odds will make a winning.

Silberman

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Quote from: GeorgeJohn on April 02, 2021, 12:06:33 AM

Quote from: ?? on ??

Odds given by a match depends on how the house edge handles winrate. For instance for some the odds can be slightly higher in other platforms from what i've experienced. Your technique is doable but this type of bets can be risky according to the photo shown above. What site are you betting on, by the way?

I think odds giving is based on activities of the clubs, and how influential is the particular club, and another aspect, is how regular the wins matches, I believe this is the strategies they use to give odds to a specific club match, going in the aspect of performance, club's can performed well today and tomorrow it happened to lose in terms of performance, shall we are all assuming, but from the subsequent winning a club can be grade higher.

Odds are given not only by the mathematical formulas the casinos use to try to determine how likely an outcome is supposed to happen, if that was the case then the odds will never move after they are published but we know this is not true, so what else causes odds to move during that period of time? And that is the demand of the gamblers, if during the week there are too many bets on one side the casinos could risk losing money if there is a different result so they give better odds to the other team or player to try to make people to bet on the other outcome and balance their books.

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Quote from: ?? on ??

Odds given by a match depends on how the house edge handles winrate. For instance for some the odds can be slightly higher in other platforms from what i've experienced. Your technique is doable but this type of bets can be risky according to the photo shown above. What site are you betting on, by the way?

It's most likely based on the odds provider, I don't see a house edge here since its a sports betting where the bookies facilitate the bets and just take the commission, you as a gambler are not betting against the house, but against a bettor who bet the opposite of your bet.

GeorgeJohn

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Quote from: ?? on ??

Odds given by a match depends on how the house edge handles winrate. For instance for some the odds can be slightly higher in other platforms from what i've experienced. Your technique is doable but this type of bets can be risky according to the photo shown above. What site are you betting on, by the way?

I think odds giving is based on activities of the clubs, and how influential is the particular club, and another aspect, is how regular the wins matches, I believe this is the strategies they use to give odds to a specific club match, going in the aspect of performance, club's can performed well today and tomorrow it happened to lose in terms of performance, shall we are all assuming, but from the subsequent winning a club can be grade higher.

Silberman

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Quote from: magneto on April 01, 2021, 05:44:51 PM

This is pretty much free money for the taking, and potentially presents arbitrage opportunities if the odd differences are large enough.

The key though is to ensure that the outcomes are precisely the same (i.e., logically equivalent), and the difference in odds is not accounted for by some discrepancy in probabilities.

I also wonder if there can be an algorithm devised in order to spot out these differences. That would prove to be very profitable indeed.

Arbitrage opportunities appear all the time but close just as fast as there is always someone looking for them, I really think that we are getting to the point in which sport gamblers that want to take advantages of such windows need to create their own bots similarly to what it is happening already with trading, besides casinos do not like this so they could limit your account or close it as they do not like gamblers that always take the best possible lines they offer.

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Quote from: Wexnident on April 01, 2021, 08:12:11 PM

I've never seen (or maybe didn't notice) any odds that are quite what you gave out, mostly in eSports anw since that's where I've been hanging out quite frequently. I do look out for the odds of different sportsbooks I use to see which one offers the best though. It might actually even be better to tabulate the odds you bet the most upon and see any similar ones that give out the same result but have better odds. I might start snooping around the other odds to see if I can find any of the like OP posted though, it's easy money if it actually got through imo.

It's very seldom to occur on e-sports because there is only few exotic bet out there compared to other established sports. Esports is still new that's why bet option is very limited. Most of this odds discrepancies bug occur in tennis match because its very hard to predict this exotic bet that's odds maker are always using it for tempting players by giving away high odds.

Wexnident

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I've never seen (or maybe didn't notice) any odds that are quite what you gave out, mostly in eSports anw since that's where I've been hanging out quite frequently. I do look out for the odds of different sportsbooks I use to see which one offers the best though. It might actually even be better to tabulate the odds you bet the most upon and see any similar ones that give out the same result but have better odds. I might start snooping around the other odds to see if I can find any of the like OP posted though, it's easy money if it actually got through imo.

Vaskiy

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Quote from: Hippocrypto on April 01, 2021, 06:30:07 PM

The important ways to determine odds is taking all possible step towards every team that you're going to bet with.
Gather all data on every game results in order to find out a preferred analysis, then tabulate them all to have definite prospects.
Always make sure you're a good fan of that sports game, because that's a good formula in achieving your decision making and could help you finding best odds.

Data gathering is the important thing in selection of odds. Only through this data it is possible to get a detailed information about the games played by both the teams as well as the win rate. Through this one can make guess the winning probability and choose the odds.

Apart from this form of odd selection random odd selection is preferred by users who prefer to go with their luck. I've done this and got wins out of luck from tennis games where I don't have any idea about. Most of the time I prefer to go with the low odds provided, which means increased winning chance.

Topic: How to get the best odds on sports betting (Read 258 times)