How to know if we have a Surebet

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 Author Topic: How to know if we have a Surebet  (Read 2267 times)
pescu23
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« on: October 10, 2013, 03:43:32 PM »

Hi,

I read a quickly system to find if two (or three) odds gives us a Surebet. And maybe some users can find interesting.

For a 1X2 match:

10/odds for 1 + 10/odds for X + 10/odds for 2

If the result is < 10. You have a Surebet!
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muttley
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« Reply #1 on: October 10, 2013, 08:42:00 PM »

@pescu23

I did not understand. Could you please give us an example?
Thanks!
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pescu23
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« Reply #2 on: October 10, 2013, 09:14:44 PM »

@pescu23

I did not understand. Could you please give us an example?
Thanks!

Of course, is a easy calc, here is an example:

Germany U21 - Montenegro U21
Football
BET 1: GERMANY  2.31
BET 2: X 4.3
BET 3: MONTENEGRO 3

10/2.31 + 10/4.3 + 10/3 = 4.33 + 2.325 + 3.33 = 9.985

So is a surebet, a small one because the result is close to 10.

 « Last Edit: October 10, 2013, 09:17:54 PM by pescu23 » Logged

Yngwie/Sawyer
Probably a Pro

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Posts: 444

« Reply #3 on: October 11, 2013, 05:30:28 PM »

don't search about surebets because all your accounts will be limited or closed

lol lol lol

really? seriously??

ok i wont search for any surebets then
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kapetan1122
Has some experience

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Posts: 179

« Reply #4 on: October 11, 2013, 06:09:39 PM »

For 2 way arbs its pretty simple i think:
A*B should be over A+B
For example odds 1.52-3
1.52*3=4.56  and  1.52+3=4.52
or 1.25-5.2
1.52*5.2=6.5  and  1.25+5=6.25
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ppintaluba
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Posts: 626

« Reply #5 on: October 11, 2013, 10:01:15 PM »

Hi,

I read a quickly system to find if two (or three) odds gives us a Surebet. And maybe some users can find interesting.

For a 1X2 match:

10/odds for 1 + 10/odds for X + 10/odds for 2

If the result is < 10. You have a Surebet!

Pescu. This formula is the basic formula for surebets (for independent outcomes). Or am I missing something?
No matter if there are 2 outcomes, 3, 4 or 12 :-)
1/odd(1) + 1/odd(2) + 1/odd(3) + ... + 1/odd(n) < 1 then it's a surebet.
I tried to post an explanation here: http://surebettracker.com/LetsBlog/learning-center/calculating-arbitrages/

How do you calculate arbitrage opportunities on BetsOnFire?

 « Last Edit: October 11, 2013, 10:21:30 PM by ppintaluba » Logged

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qbet
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Posts: 364

« Reply #6 on: October 11, 2013, 11:56:47 PM »

In more complex cases, when there is overlapping, the formula doesn't hold. For example : H1(0) - X - 2.
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pescu23
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« Reply #7 on: October 11, 2013, 11:58:45 PM »

This is the way we do I learned interesting stuff building betsonfire and I thought maybe was interesting to share with the community!
Quote
Pescu. This formula is the basic formula for surebets (for independent outcomes). Or am I missing something?
No matter if there are 2 outcomes, 3, 4 or 12 :-)
1/odd(1) + 1/odd(2) + 1/odd(3) + ... + 1/odd(n) < 1 then it's a surebet.
I tried to post an explanation here: http://surebettracker.com/LetsBlog/learning-center/calculating-arbitrages/

How do you calculate arbitrage opportunities on BetsOnFire?

 Logged

anormal1992
Getting better

Karma: -11
Posts: 238

« Reply #8 on: October 12, 2013, 08:25:47 AM »

Hi,

I read a quickly system to find if two (or three) odds gives us a Surebet. And maybe some users can find interesting.

For a 1X2 match:

10/odds for 1 + 10/odds for X + 10/odds for 2

If the result is < 10. You have a Surebet!
You have a Value Bet!
 Logged
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