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beat the bookie beating casinos, beating bookies skip to content home ← older posts taking advantage of arbitrage posted on april 2, 2013 | leave a comment arbitrage betting can be a full proof plan in sports betting if you can take advantage of it before the bookmaker suspects it or adjusts the odds to minimize it. generally, bookmakers do not like bettors making arbitrage bets and will limit the opportunity or payout in doing so. therefore, it is important to make your bets as soon as you recognize them and before bookmakers can minimize your payout. bookmakers have other means of limiting arbitrage betting. they may lower the odds on a payout in order to make your wager produce less profit or eliminate it all together. in the english premier league, norwich will be playing sunderland. if you were to bet $20 on norwich with statto.com, you would win $52.63 in profit with a successful wager. by putting $20 on sunderland through bodog.ca, you would win $31.25 with a winning bet. that’s if you put your bets in at this very moment but, what happens when bodog.ca changes their odds from +180 to +280? that would change your profit margin to $27, dropping it down by approximately $4. doesn’t sound like a big deal with only a difference of $4 but, we’re only talking about $20. let’s look at the difference with $100. with odds set at +180, you would make $156 but with odds shifting to +280, you would only make $135. that’s a difference of over $20. you may notice that you can bet on more games with some online bookie sites than others. if a bookmaker notices a lot of activity on certain games, he or she may take the game off of the site for betting. a lot of internet traffic on certain games, especially if it’s one-sided in regards to the bets being made, can cause a bookmaker to take the game off in fear of losing the bet. by having a game end up in the favor of too many different people, a bookmaker will lose money paying out for the same game. it’s easy math to figure out that the more you bet will result in a larger profit if won. but, if bookmakers adjust odds to counteract arbitrage betting, the more money wagered will result in a bigger difference in how much you are profiting from a successful bet. if you’re betting with smaller amounts, the arbitrage will not make too much of a difference. however, the larger the number you are betting, the bigger the increase in profit from the arbitrage. leave a comment posted in uncategorized risk free betting with arbitrage posted on march 23, 2013 | leave a comment betting arbitrage is the term used to bet on two different teams in the same game through two different bookmakers in order to guarantee to make a profit. it doesn’t matter what the amount of the bet is, finding a good arbitrage opportunity will make you a profit. the hard part is finding the right arbitrage opportunity in order to maximize the money you will make off of these bets. betting arbitrage seems like a 100% full proof plan. but, bookmakers have ways of minimizing the money made from odds given. that is why time becomes a factor when betting on a sports game. it’s important to recognize the opportunities before bookmakers or exchanges do so that you can get the maximum payout possible before the odds are changed. leave a comment posted in uncategorized finding arbitrage opportunities posted on march 14, 2013 | 1 comment in order to find a good arbitrage opportunity, you must find two different bookmakers or betting exchanges that are offering odds on the same game. if you know what you’re doing, betting arbitrages can be a 100% guarantee to make some money but, you have to be able to recognize the opportunity when it arises. you may also have to wager more money on one bookmaker or exchange in order to earn profit by winning with another. let’s use the san francisco vs. cincinnati nfl game. if we bet $20 on sf, the possible profit we could make is $35.08 if we win. if we bet on cincinnat at another bookie, the same $20 bet would make us $28.57. a total of $40 wagered between the two online bookies, and the least we can win in profit would be $8.57. in major league baseball, the toronto blue jays are playing the tampa bay devil rays. at one bookie, a successful $20 bet on toronto would end up making a profit of $32.25. on betclic.com, a $20 bet on tampa bay would result in a profit of $30.30. regardless of the outcome of the game, you would make at least $10.30 in profit. this seems like a full proof plan but, one thing you have to remember is that a lot of betting exchanges and bookmakers will only reward a win if there is a certain point spread between the two teams otherwise, it’s considered a tie. for nfl betting, the winning team has to beat the losing team by more than 3 points in order to win the bet. but, there is the option of using a 3rd bookmaker in the mix so you can pick a tie or draw as well. 1 comment posted in uncategorized bookie or betting exchange which is better posted on march 1, 2013 | leave a comment people who bet on sports have two ways of making bets. they have the option of going to a bookmaker who sets the odds in regards to what team is going to win and how much they are going to pay out. the other option is to use a betting exchange approach, for example betfair.com. when you make bets at a bookmaker, you are betting against him. bookies have the option of using decimal, fractional or money-line odds. they make money by matching up all the bets on their books so that they make a profit no matter what the outcome. this is called the juice or vig. what this means is that if you bet both sides against a bookie in a game, you will lose money and the bookie will make money. betting exchange fees work a little differently. they only use decimal odds and most collect a 5% commission from a win. however, their odds are for the game only and don’t factor in a vig for collection. therefore, the odds are usually fair, you will have to pay 5% to the exchange to win. leave a comment posted in uncategorized find reduced vig and bet for advantage posted on february 25, 2013 | leave a comment vig (short for vigorish), also called juice, is the money a bookmaker makes off a wager. reduced vig is when the odds are dropped down slightly by the bookmaker. this makes the bet less profitable for the bookie, but more profitable for you. for example, if a moneyline odds of -110 goes to -105, then the bet to make $100 reduced from $110 to $105. finding the bookmakers with reduced vig could change your bets from losing to profitable. successfully, finding and playing reduced vig wagers can mean the difference between leaving the bookie with money in your pocket or a hole. let’s take, for example, a san francisco vs. cincinnati game in the nfl. the bookies may be offering evens on each. you’d expect the money line to be -110. but to drum up business the bookie reduces the moneyline on san francisco to -105. on a $20 bet you would take home $39 instead of $38.20. that is only 80c per bet, but if you work it into a system it adds up. reduced vig is a very important thing to look for when betting on sports. the bookmaker usually does this if he wants to drum up business or to encourage bettors to bet a certain way so that he may balance his book. a smart bettor will look for reduced vig when making bets because even though the difference may only be a couple of dollars, it can make all the difference with a successful betting system. leave a comment posted in uncategorized decimal odds, percentages and fractions posted on february 14, 2013 | leave a comment one clear advantage of decimal odds make it very easy for a bettor to understand how much money he is going to walk away with from the bookie. usually, they are represented as a number with two decimal places after the number, like 2.25. with decimal odds, in order to figure out how much money you’re going to make, all you do is multiply the bet by the decimal odd, for ease 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http://www.beatthebookie.org/tag/odds-moneyline-football-soccer-boxing/
http://www.beatthebookie.org/tag/juice/
http://www.beatthebookie.org/tag/balanced-book/
http://www.beatthebookie.org/category/uncategorized/
http://www.beatthebookie.org/tag/gambing/
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http://www.beatthebookie.org/category/strategy/
http://www.beatthebookie.org//#content
http://www.beatthebookie.org/using-expected-value-for-profitable-bets/
http://www.beatthebookie.org/risk-free-betting-with-arbitrage/
http://www.beatthebookie.org/converting-money-line-to-percentage-odds/#respond
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Domain Name: BEATTHEBOOKIE.ORG
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