Topic: Sportsbooks often offer different odds for the same type of bet (Read 970 times)

All the examples I posted show odds for different markets from the same bookmaker. Right now as I am writing this, I am looking at the Luxembourg - Rep. of Ireland football match and the -0.5 AH on Ireland is 1.97. At the same time the full-time market odds for an away win on Ireland is 2.06. As you can see, that's quite a difference.

It makes me think there is room for arbitrage if you have an automated system that is able to spot and instantly take advantage of such mispricing. If you're able to identify these over a long term then it will narrow the margin of profit that the house is able to take from you and that little buffer could be the difference between being a winner or loser.

I wonder if it is really possible to find such anomalies (within the same bookmaker) on the basis of which it is possible to place bets where the player has an advantage?

yeah, Asian Handicap offers better odds than DB, i guess it has to do with the higher vig in Double Chance and DNB. But here's another example of this "phenomenon"


(from Fortunejack)

First one is Double Chance (Home Win or Away Win), second one is the exact same thing but with a different name  Would like to know if this happens in other sports like basketball, hockey, NFL, etc

Based on my observation, double chance has the higher probability of winning because you can place your bet on two different possible winning results.

This appears to be a game of chances but with the greater odds of winning. Although this is still harder compared to the usual traditional and straight betting alone because of multiple choices.

Spending more bucks in exchange for trying to win the bet is what most people do, most especially those who are obsessed in winning.

Here is a piece of information that many of you have probably noticed. But if you aren't that much into betting on sports, you might not know about it.
If you bet on football/soccer, you know that there is a type of bet called Double Chance. In such a selection two outcomes of the match result in a win of your bet.

Take a look at the picture below.



A Double Chance on Benevento win/draw pays 1.69. Just above that selection, you can place an Asian Handicap bet +0.5 on Benevento. That is the exact same bet, the bookies just call it differently. The AH +0.50 bet is valued at 1.76 compared to 1.69 for the exact same bet. If you place an AH +0.50 bet on Benevento and the match ends in a draw - you win. If Benevento wins - you win. If Benevento losses - you loss, same as with the Double Chance bet.

The bookies often use these kind of tricks. Here is another one for different bets.



A Draw No Bet means that if the team you bet on draws the match, your bet wont be lost. It will be voided, and you will get your stake money back. If the team you bet on wins, you also win your bet. In the screenshot you can see that a Genoa Draw No Bet has an odd of 1.88. A few lines above, you can play an 0 Asian handicap on Genoa, which is the same type of bet, but the odds are slightly higher. 1.93 compared to 1.88. If the AH 0 match ends in a draw - you bet is voided. If your team wins - you win, and you lose your money of course if the opposition wins.


I have seen other types betting options that bookies use where you can bet on the same outcome, they just call it differently and offer higher-lower odds. Share your own examples of what you have discovered on different platforms while gambling on sports. 

I havent seen this double instance but there is sometimes such a multitude of bets possible that some are over looked and much better value then others.  I often see different odds for the same game in different places, can be quite tempting to try and balance the bias between different books in a rough arbitrage.   Wording will vary and popularity and maybe even the layout of the site can alter who finds the bet and it ends up with different odds.    Depending on whether I want to use up or spend a balance in one place, I might be more tempted to make use of the variety of types of bet possible in one place; also I'd argue crypto itself has an influence on the flow of cash vs dollar bets, etc.

I'm just curious though: how often do these opportunities come up, and how wide are the margins usually?

Would you recommend seeking out these odds discrepancies for someone who is just a retail sportsbettor who wants to maximize their profits? Or is it a waste of time to look through that deeply?

This is some thing which i found new. I am doing sports betting since years but I never spotted this thing and now i see here. It is a very good point of knowledge actually and would really like to thank the op for creating this topic and letting us know about it.I can really make some changes in the way i bet and look for these kinds of opportunity.

This is very interesting.

I'm just curious though: how often do these opportunities come up, and how wide are the margins usually?

Would you recommend seeking out these odds discrepancies for someone who is just a retail sportsbettor who wants to maximize their profits? Or is it a waste of time to look through that deeply?

This is very interesting.

I'm just curious though: how often do these opportunities come up, and how wide are the margins usually?

Would you recommend seeking out these odds discrepancies for someone who is just a retail sportsbettor who wants to maximize their profits? Or is it a waste of time to look through that deeply?

One more example from this morning where we can bet with different odds on different markets that have the same outcome.

The match is Empoli - Genoa. For this match you can bet on:

• An AH +0.5 bet on Genoa at 1.78.
• A double chance (X2) on Genoa at 1.72.

Take a look.

this actually happens a lot more than people believe specially in e-sports markets like the odds for a team to win 2-0 would be 2.5 while the odds for the same team to win match by handicap -1.5 would be different sometimes like 2.3...

Maybe this can be explained by the fact that the Asian betting market is less liquid and in order to attract liquidity there the bookmaker gives slightly better odds?

One more example from this morning where we can bet with different odds on different markets that have the same outcome.

The match is Empoli - Genoa. For this match you can bet on:

• An AH +0.5 bet on Genoa at 1.78.
• A double chance (X2) on Genoa at 1.72.

Take a look.

You also need to be wary of very small differences ("the fine print") between types of bet, for instance certain bookmakers will offer odds on bets within 90 minutes of a soccer match and others would be offering until the game ends (overtime + possibly penalties), if you're not paying attention in those situations it can cause some costly mistakes.

Here is a piece of information that many of you have probably noticed. But if you aren't that much into betting on sports, you might not know about it.
If you bet on football/soccer, you know that there is a type of bet called Double Chance. In such a selection two outcomes of the match result in a win of your bet.

Take a look at the picture below.

A Double Chance on Benevento win/draw pays 1.69. Just above that selection, you can place an Asian Handicap bet +0.5 on Benevento. That is the exact same bet, the bookies just call it differently. The AH +0.50 bet is valued at 1.76 compared to 1.69 for the exact same bet. If you place an AH +0.50 bet on Benevento and the match ends in a draw - you win. If Benevento wins - you win. If Benevento losses - you loss, same as with the Double Chance bet.

The bookies often use these kind of tricks. Here is another one for different bets.

A Draw No Bet means that if the team you bet on draws the match, your bet wont be lost. It will be voided, and you will get your stake money back. If the team you bet on wins, you also win your bet. In the screenshot you can see that a Genoa Draw No Bet has an odd of 1.88. A few lines above, you can play an 0 Asian handicap on Genoa, which is the same type of bet, but the odds are slightly higher. 1.93 compared to 1.88. If the AH 0 match ends in a draw - you bet is voided. If your team wins - you win, and you lose your money of course if the opposition wins.

I have seen other types betting options that bookies use where you can bet on the same outcome, they just call it differently and offer higher-lower odds. Share your own examples of what you have discovered on different platforms while gambling on sports.