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Risk-free betting
It's every sport bettors dream, finding a risk-free betting opportunity and surprisingly they occur quite frequently, you just need to know how to spot them and how to react once you see one.
The first thing you will need is patience, followed by a basic understanding of odds and a suitable bankroll. Once armed with these three qualities you are then ready to let the battle commence.
Risk-free betting - The basics
The one factor that allows for a risk-free betting opportunity is when more than one sportsbook or bookmaker has a different opinion on the result of an event, a good example is a soccer match. There are three possible outcomes to a game of soccer, a home win an away win or a draw.
A sportsbook/bookmaker will give odds on all three possible results and he will have a built in profit margin often called the over-round, (this can also be referred to as the Vig, Vigorish or Juice) this is simply a theoretical percentage profit that would be achieved if each outcome had the same amount of money bet on it, an example of this is below:
Home Team Win 1.82 - Draw 3.65 - Away Team Win 5.00 The over-round is 102.4% meaning the sportsbook or bookmaker will win $2.40 for every $100 wagered.
So in the above example there is a built-in profit margin for the one particular bookmaker/sportsbook who are offering odds on the market. The way risk-free betting opportunities appear is by finding sites that offer a different opinion on the result and are giving different odds.
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Risk-free betting - Gaining an advantage
Once you have mastered the odds, the game you are betting on, and have found a large range of sportsbooks and/or bookmakers you can then start tracking the odds offered by each respective site.
You are looking for an over-round figure that is below 100% and this will only be achieved by placing bets at different sites where the odds vary from all others offered.
To work out over-round do the following mathematical calculation, we shall use a soccer match as an example:
Home Team Win 1.95 Draw 3.70 Away Team Win 5.80
Home Team Win - To win $1 you will have to divide $1 by 1.95 = 0.51
Draw - To win $1 you will have to divide $1 by 3.70 = 0.27
Away Team Win - To win $1 you will have to divide $1 by 5.80 = 0.17
Next add up the totals of each sum IE 0.51+.027+0.17= 0.95 Therefore for every 0,95 cents you wager will return $1 resulting in a 5 Cent profit from every Dollar bet!
Every time you find that the over-round is less than 100 you know you have a risk-free betting opportunity, so track them down as they are always available, even more so thanks to the advent of betting exchanges whereby you can ask for any odds you like.
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Gaming Articles
Below are several sports-betting related artices we think you may find interesting, simply give any of those topics you wish to read about a click!
Studying The Form - Learn more about what to look for when sports betting
Single Bet Types - Learn the different bets that can be placed at online sportsbooks.
Multiple Bets - Discover how to place mutliple bets on any sports betting opportunity.
How to bet - New punters get your head around betting online with our quick guide.
Money Lines - What are moneylines, well come and find out then you'll know!
Sports Betting Tips - A level headed approach to picking a winning sports bet.
Risk Free Betting - A no lose way to bet on sports, which is what you want.
Value Analysis - Tracking down the best betting propotions and gaing an advantage.
History of Sports Betting - A insight into the past history of betting.
Sports Betting Introduction - A beginners guide to all sports bets.
Sports Betting Rules - Learn the rules at all times before you make a wager.
Betting Exchange - The new way to back or lay bets with odds you won't believe.
Sports Betting Strategy - Gain maximum advantage by planning a top strategy.
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