Betting on every outcome of a match
stuart60677
Posts: 193 Forum Member
✭
Is there anything to stop someone betting for every outcome (home win, draw, away win) of a match, using 3 different betting websites? You would in most cases always make a profit. I'm wondering why no-one seems to do it?
0
Comments
Eh? You'd lose overall, and quite handsomely.
Scotland 9/1
Draw 4/1
Spain 4/11
A pound on each outcome means that you would lose around £1.67 with the now likely Spain win
There used to be the theory that if you backed every game in the WC or Euro finals to be a draw you would come out ahead but I have never check stats to see if that is true
Can you make a profit? It depends, if the unfancied team wins, you can make slightly more than the total you put on, but unfancied teams dont win often, and if the favourite does what is expected and wins, you will definitely make a loss. and even if the unfancied team does win, you'll never get rich on what you make.
It's better to look at winning a set amount rather than fixing the stake.
If we aimed to win £30 (because the maths is easy) we would place £22 on Spain, £6 on the draw and £3 on Scotland. So it would cost us £31 to win £30.
If another bookie was offering 1/2 on Spain we could guarantee a profit - stake is now 20+6+3=29, so we win £1 whatever happens.
Woohoo. Just got find that bookie.
OP, have a look at football-data. Has all the historical odds including the best possible odds. You'll struggle to find many under-rounds though.
it does happen ALOT and its called sports arbitrage.
However, its incredibly hard work and if you havent got the software the professionals use, then you have a low chance of ever finding one before the websites adjust their odds.
It can be done but you will have to do it almost on a full time basis to make good money from it.
That will, of course, depend on what you bet on.
I would use Betfair and take advantage of in play odds if you want to lock profit in.
Bookies will also soon suss you out when the inevitable bet of £27.83 is placed. They will lock your account pretty quickly.
Ok, so with different places with different odds you MIGHT manage to get 1-2%, it's a lot of work for little reward.
Best place to try this is betfair as it automatically calculates book % for you if you are setting up bets, you are relying on price fluctuations to get your bets matched however
Very few people manage to make money from betting.
Depends on why you are betting.
If you're betting to win money, then yes, it is a mugs game.
However, I like to put a pound on a football coupon on a Saturday, knowing likely I won't win, it just makes the results coming in a little more interesting, a bit like playing the lottery, but on a smaller scale,
Some people do bet for the excitement.
I didn't say a lot of people did.
DDRickyDD said that 90% bets are losing bets and I said that'll depend on what you bet on.
Football wise people get greedy with their acca's, always adding that one more team to make the odds that bit higher and they bump it up until 1 team doesn't get the required result.
If they'd taken a treble of Chelsea/Celtic/Rangers every week then the odds will not be as great but this season they'd have won 6 times out of 7 so 85.7% of the time instead of 10% of the time.
I reality though, very few people bet to actually make money, they do it for fun in and of itself.
type you odds in to this http://www.oddschecker.com/betting-tools/dutching-calculator.html
and see how much you would make, im sure you will soon be a rich man
A sweeping statement to say the least
98% of gamblers lose money yes.
but there are still plenty who make money out of it especially since the betting exchanges came along.
Like everything else you have to know what your doing and it takes time to learn.
you need to at least understand odds for a start.
it doesn't matter if you lose 9 times out of 10 as in your example, the odds your taking are what is important.