Sure Bet Apparatus - Sports Betting

Gotling.trade

Sports Betting

Sure Bet Apparatus

Category: Betting

Description

Arbitrage and Surebet Calculator

Arbitrage and Surebet Calculator Calculator Help

If you enter the odds that are available to you on both sides of an arbitrage bet and the amount you want to place on one side, this calculator will show you how much you should bet on the other side and conduct a few other useful calculations for you.

In order to evaluate this arbitrage, you can use this calculator. Enter 1.8 into Odds1, 1.9 into Odds2 and enter the amount you can place on the first side (over 2.5 goals) into Amount1. The calculator will show you how much you should bet on the other side (under 3.5 goals) in the specified currency (which can be different from currency of the first side). It will also show you how much you will lose if more or less than 3 goals will be scored, your net profit if exactly 3 goals will be scored (and both sides of the arbitrage win) and the effective odds of this arbitrage, i. e. the odds you actually have on exactly 3 goals to be scored and the probability of winning you need for the arbitrage to be profitable.

The calculator will show you that this is indeed a surebet. It will calculate how much you should bet on the other side and how much in per cent and in absolute amount you will win if you place the specified amounts on both sides of this surebet.

Other articles

Feature - States’ Rights: A Sure Bet on Location

GISuser.com GIS and Technology news for mapping professionals Feature – States’ Rights: A Sure Bet on Location

This October, the Supreme Court will hear a landmark case on the repeal of the Professional and Amateur Sports Protection Act (PASPA) passed by Congress in 1992. The act prohibits sports betting in all states except Nevada, Oregon, Montana, and Delaware. These states were grandfathered in, and therefore exempt to the law.

The case started in New Jersey, one of several states that wants to legalize sports betting. However, several other states support the New Jersey lawsuit for entirely different reasons: they believe the law oversteps the powers of Congress and violates the tenth amendment.

No matter what reason the states support the repeal of PASPA, the action will have a real effect almost immediately across the country, and right in the heart of the NFL season, the most gambled on sport in the world.

Here are what the maps look like, and what they mean:

Only four states were grandfathered in under the PASPA law, and are the only states in the United States where sports betting is technically legal. This law covers at its strictest interpretation side bets with your co-workers, football pools, and of course full on sports betting.

There is some debate, however, over Daily Fantasy Sports and whether or not it constitutes betting. The map below shows where you can currently engage in Daily Fantasy Sports and where you can’t:

Many groups are most concerned about daily fantasy sports like Fan Duel when it comes to student sports. While many leagues, including the NBA are in favor of eliminating PASPA because of the potential revenue they might gain, the NCAA is opposed to it, as the league feels there would be more incentive for players to cheat or throw games.

Several states have introduced legislation to block Daily Fantasy Sports related to student sports, but only two so far have passed that legislation.

Of course, even former President Barack Obama said if he were caught betting on sports he would pardon himself, and most people take the letter of the law as somewhat of a joke. It does have a legitimate effect on casinos and online gambling sites, both of which must abide by the PASPA provisions or face stiff penalties from the Federal government.

A few states around the country have signed on to support New Jersey in their fight against the law, but not because they necessarily support sports betting. These states believe PASPA is an overreach of the Federal government under the 10th amendment for a couple of reasons.

First, the Constitution grants all rights to the states not explicitly given to the Federal government by the Constitution. This includes not only sports betting, but things like the legalization of marijuana and other laws that Congress encourages states to make under a policy called cooperative federalism.

This policy is not mandatory though: it is something states voluntarily do. Essentially it means the states all agree to pass a law that Congress wants to be a national standard. However, Congress is then not politically responsible, the states are, and voters often disagree with the legislation. In the case of sports betting, some states have seen the potential income from the legalization of the practice, and so want the right to legalize it in their state.

The likely outcome of a repeal would be that nearly every state that has a lottery or casinos would legalize sports betting. It is easier to name states that do not have a lottery rather than those who do, since there are only seven:

However, not every state that has a lottery will support sports betting even if they support the repeal of PASPA. This is what the map may look like post-repeal, should the court strike down the law in October.

In the middle of a Trump presidency fraught with controversy around all kinds of subjects, sports gambling may be legalized during his first term. This could change the map of where and how bets can be placed on your favorite sports team.

It may mean more than that though. The ruling would affect how states make all kinds of different laws, and many state Governors and Attorney Generals will see this as a huge political victory.

Troy Lambert is a freelance writer, editor, and non-profit consultant by day, and a suspense thriller author by night. He learned about the power of GIS while working as a researcher at a museum, and is always looking for ways to apply this technology and big data in new and innovative ways. Troy is an avid cyclist, skier, and hiker. He lives, works, and plays in Boise, Idaho. His work can be found at troylambertwrites.com, and you can connect with him on Twitter @tlambertwrites.

Related Articles on GISuser:

Most Recent GeoJob Opportunities
  • GIS Analyst October 12, 2017
  • Geographic Information System Coordinator October 6, 2017
  • PR Manager October 5, 2017
  • Regional Business Development October 5, 2017
Featured Events Call for Abstracts for Elevations Geospatial Summit May 2 – 4, 2018 in Saratoga, WY Editor’s Picks

Unlocking your Location Data History on Social Media

Free Python Programming Cookbook I’m a huge social sharing fan, many of my non Geogeeky friends think I share way too much but that’s OK. I’m pretty careful about what I share, when I share it and where I share it. I also don’t share anything that I wouldn’t want anyone at all to see. […]

Have Infographics and Data Visualizations Ruined Good Map Design? 2014 Open Data for Development Research Grants – Call for Proposals Real Earth™ Wins Microsoft Competition for 3D Mapping and Localization Map of the Day

MapThis shares Wildfire Maps – Maps, WebMaps and Resources for #BCwildfire Updates

RECRUITERS Post your GeoJob Ad Today From GEO Jobe GIS – Recall, recently we shared the story of how our friends and colleagues at Esri small business startup, Echosec, supported their lead developer in building a BC wildfire public information ArcGIS online resource in order to help keep the public informed and safe. Building on that and […]

Value bet, Sure bet: how to spot them - Bet O - clock

Value bet, Sure bet: how to spot them

Gambling with no risks seems a contradiction in terms, yet it is precisely what strategies like “value bet” and “sure bet” claim to offer.

Thus, if sports betting is mostly a matter of calculated risk: making predictions that seem realistic and that offer the highest pay-off, these strategies can help in reducing the risk by statistically analysing the odds you are betting on. Taken to the extreme, they are no longer a betting strategy but a full fledged investment plan as pay-offs can, in very rare cases, be 100% certain.

These strategies can constitute a real ace in the hole for bettors, on condition of knowing how to spot them…

In a nutshell, a value bet is when the bookmaker under-estimates the likelihood of an event happening. When this is the case, the odds suggest that the event is less likely to happen than it is in reality.

Essentially, the test a bet needs to satisfy in order to be considered a value bet is whether, if you were a bookmaker, the odds you would have assigned to an event would have been lower. If this happens, the rewards for a bet can be considered as too high in relation to the risk of the bet, yielding a value bet.

Below you will find why that is and how you can find this type of bet in any regular sportsbook.

A brief reminder on odds and probabilities

When a bookmaker assigns odds to a specific event, he is in fact expressing the probability of that particular event happening and the price he is willing to pay out to a bettor wagering on it. Therefore, odds are the price associated with a particular probability and the less probable the event you are betting on, the greater the reward.

A bookmaker therefore aims to keep odds high, to attract bettors, but not too high so as to not pay out too many winnings should they be correct. This calculation can be somewhat tricky, and in certain cases the inaccuracy of the bookmaker’s odds can leave bettors with a “value bet”, that is a bet where the potential winnings are higher than the actual risk you are taking.

Keep reading here for further information on odds and how they work.

To come up with a realistic probability, it is important to distinguish between your “gut feeling” and reality, meaning that you should analyse the factors one by one, weigh up their importance, and conclude with a realistic probability of all of the possible outcomes.

Once you have formulated an estimated probability, you can use the formulas below to determine whether you have found a value bet.

Favorites (negative odds)

Apply the following formula if the odds are positive (favorite), if the result is greater than 100 you have spotted a value bet:

((100/absolute value of odds) +1) × estimated probability > 100

Example: if you were to want to place a bet on the NFL game between the Seattle Seahawks and the Washington Redskins and the money line odds for the Seahawks was -315 and you consider that they have an 80% chance of winning the game, you apply the formula above:

Because the result is greater than 100, you can assert that betting on the Seahawks with odds of -315 for their game against the Redskins is a value bet.

Underdogs (positive odds)

If the odds you are scanning are for an underdog (negative), than use the formula below. Results greater than 100 correspond to a value bet:

Example: to re-use the same fixture as above, assuming this time that you wish to bet on the Redskins whose odds are +265 and whose probability of winning you estimate at 30%, you use the underdog formula:

The result being higher than 100, betting on the Redskins with moneyline odds of +265 is a value-bet considering your estimate of 30% chance of victory.

The examples for value bets used above are for sports betting, but the principle is the same for horse racing. The use of the term in poker, however, denotes a different concept altogether.

Value betting is first and foremost a long term strategy. The fact that the bookmaker has under-estimated the odds of a certain event occurring does not mean it will necessarily happen. In the long run, however, a bettor employing this strategy will grow his bankroll artificially fast.

Ultimately, finding a value bet depends to some extent on your subjective appreciation of probabilities associated with a given outcome. This means that what you have identified as a value bet will not necessarily be the case for another player and vice versa.

However, as you grow more accustomed to playing the role of the bookie and defining probabilities for events, your predictions skills and those of a similarly experienced bettor will often concur when you have spotted a value bet. You might also find that, as your predicting skills grow more precise, value bets become more difficult to find. As an experienced bettor, you will then naturally move to less known sports where finding value bets will be easier as bookmakers themselves sometimes don’t know the sport or follow it carefully enough to formulate coherent odds.

If the betting strategy of value bets claims to grow your betting account artificially fast, the sure bet strategy claims to yield certain returns, although at a slower rate. The sure bet aims to remove the uncertainty out of betting. The reasoning itself is quite simple: if you bet on all of the possible outcomes of a sporting event, at least one of your bets will win.

However, players need to be cautious when using this strategy. Indeed, it only works if any given bet that you have made is sufficient to cover the costs of all of the wagers that you have placed on the event. To do so requires:

  1. Placing different amounts on all of the outcomes possibe for a certain event
  2. Placing wagers with different bookmakers to insure that you have obtained the highest odds for every outcome
  3. Calculating in advance to make sure that it is in fact a sure bet

Adopting this type of thinking requires moving away from a gambling strategy into a small-return investment placement. Indeed, the quality of your bets will no longer take into account the risk factor, as you are sure to win, but only the expected returns and looking closely to make sure that these are in fact positive.

To make a sure bet, you shouldn’t consider an event in particular. Instead, you should be looking primarily at the odds. Once you have identified an event that has the odds spread required to place a sure bet, you should place a wager for the optimal amount on each of the possible outcomes.

For sports betting it is quite self explanatory, it means that you should calculate which spread of wagers will insure the highest rate of return, then bet on all of the possible outcomes:

  • Victory of Team A
  • Victory of team B
  • In certain cases, depending on the sport and the competition, betting on a draw.

Similarly, for horse racing a sure bet requires you to pick a race, than bet on the victory of every participant in order to end up with a positive balance no matter which horse finished in first place. In a race with 7 horses, that means betting on all 7 horses to win.

It is not sufficient to bet on all possible outcomes to insure a win. It could be the case that a win may not cover the stakes you have placed in all of your separate bets.

In order to have a sure bet, you should bet on all possible outcomes and be certain to profit from it no matter which outcome. This could mean picking odds from different sportsbooks, and therefore having accounts with multiple bookmakers from which to place your bets.

Suppose you are trying to make a sure bet on horse racing and have identified an event in which 5 purebreds are due to compete. With a budget of $1,000, you would place your bets on each horse to win as follows to insure that you always manage to gather a profit over all: The odds above are taken from different bookmakers at the start of the race:

Note: The odds above are taken from different bookmakers at the start of the race.

Thus, to insure that you are able to obtain a profit on the race, no matter what the result is, you have to bet on all horses and wager more on the favorite (horse A in this example) and progressively less as you get to the underdogs (horse E in this example). The odds above are taken from different bookmakers at the start of the race:

Considering the $1,000 initial budget in bets, the lowest net gain you can achieve in this example would be $20 (2%) which would be on the higher end of the typical rate of return you would obtain using a sure bet strategy (normally between 1% and 2% return).

The added difficulty, of course, is finding the odds that allow this type of betting as they would have to be taken with multiple bookmakers. Indeed, bookmakers never offer bets on an event whose odds could add up to a sure bet. By doing so they would create incentive for users to rely on this type of tactic as well as cancel their eventual profit margin on bettors who did not.

However, the fact remains that odds calculators and comparators are not to be relied on for this. There are several reasons for this:

  • The odds in horse racing, for example, are variable and the final odds taken into account on all bets will be the final odds when the race starts.
  • The other caveat as that as odds are often fluctuating, it is necessary to rely on the most up to date information in order to insure that your bet is in fact a sure bet.
  • The last caveat is that bookmakers are aware of this tactic, and odds are always calculated at any given point in time to not offer the possibility to bet in this manner. Even from one bookmaker to the next, it is extremely rare that the opportunity for a sure bet presents itself.

Ultimately, the time and energy spent trying to defeat the system omits that betting is not an investment, it is a leisure to be enjoyed – win or lose. Value bets retain this element of fun and uncertainty, while allowing players to reap higher rewards for their risks. Sure bets do not.

If you are looking for opportunities to bet on a “sure thing”, this could be a sign of problem gambling, refer to our article on gambling addiction if you fear you might be developing addictive behavioor.

Sure Download, Free Android Sure Bet APK Download, APK Downloader

APK Downloader

Simple sure bet, or arbitrage bet, calculator for betting purposes. A sure bet is a set of bets where you are sure to win money, irrespective of what the outcome of the event turns out to be. Sure bets exists because each bookmaker has another odd for a pick. Enter best odds for 2 or 3 results in decimal format. After . more

download the app

  • All (50)
  • Basic (4)
  • Permission (2)
  • Features (1)
  • Screens (4)
  • Locales (39)

Indicates whether the application supports smaller screen form-factors. A small screen is defined as one with a smaller aspect ratio than the "normal" (traditional HVGA) screen.

Indicates whether an application supports the "normal" screen form-factors. Traditionally this is an HVGA medium density screen, but WQVGA low density and WVGA high density are also considered to be normal.

Indicates whether the application supports larger screen form-factors. A large screen is defined as a screen that is significantly larger than a "normal" handset screen

Indicates whether the application supports extra large screen form-factors. An xlarge screen is defined as a screen that is significantly larger than a "large" screen, such as a tablet (or something larger)

Indicates whether the application supports smaller screen form-factors. A small screen is defined as one with a smaller aspect ratio than the "normal" (traditional HVGA) screen.

Indicates whether an application supports the "normal" screen form-factors. Traditionally this is an HVGA medium density screen, but WQVGA low density and WVGA high density are also considered to be normal.

Indicates whether the application supports larger screen form-factors. A large screen is defined as a screen that is significantly larger than a "normal" handset screen

Indicates whether the application supports extra large screen form-factors. An xlarge screen is defined as a screen that is significantly larger than a "large" screen, such as a tablet (or something larger)

SureBet Calculation

SureBet Calculation

SureBet calculation is one of the key factors associated with betting. It is one of those factors that play a very important role in deciding the winning chances for your bets. It is so much important that it may turn uncertain for you to win the bets if you do not possess a comprehensive idea of the surebet calculations. Most of the people associated with surebet resort to the surebet calculator for the surebet calculations. If you are not an exception, this is a very important page for you since here are some tips and suggestions that will help you in your optimal use of the surebet calculator for the surebet calculations.

Since you can hardly own an account with an involved bookmaker, you cannot take advantage of all the surebets. Wastage of your time can be helped if you can manage to remove the bookmaker from your list.

In most of the cases the EU or the decimal style odds format is used for the surebet calculations. The use of such format makes the calculation more convenient. If the surebet page is used in some other style or odds format for the calculations, there is every possibility of appearance of error.

You must be careful about one more important aspect. While dealing with some of the betting exchanges, you may often witness that you are being limited by an already available amount. You need not worry too much about this. It happens even with the bookmakers as an effect of the restrictive bet limit policies. What you should do in order to get rid of this hazard is to lock the restrictive bet stake so that the calculation of the remaining stakes is possible. The surebet calculation of the total risk also becomes easier.

Before you resort to the surebet calculator, you may also adjust the rates of commissions for the betting exchanges manually in the calculator.

If it is an ideal surebet, the calculations of the stakes are done in such a way that the profit is sure to be identical, irrespective of the outcome.

If it is a lay bet, the stake is that of the bet that you accept. You do not have to undertake any risk. For instance, if you lay a stake of EUR 300 at the odds 4.00 the risk of yours is EUR 300 x (4 – 1) or EUR 900. Therefore, the back-lay surebet stakes scarcely contribute to the total risk.

When you use a surebet calculator for calculations, you can calculate the surebets even if the currencies of the accounts are not identical.

The surebet calculator will let you try out the rest of the odds that are available. What you have got to do is to select some other bookmaker. You will find them in the drop down list. This trick will help you if you do not have an account or if you do not have sufficient money in your account.

DISCLAIMER: This service is only intended as a tool for comparing and calculating odds from bookmakers. Surebetfinder does not offer bookmaking or services related to bookmaking. In order to place bets you must visit the bookmakers' sites and comply with their terms and conditions. The information on surebetfinder comes from the various bookmakers' official sites. Due to continuous changes in the bookmakers' odds, it is likely to occur differences between the information shown here and current information on the bookmakers' sites. Always check odds at the bookmakers' sites before placing bets. Neither Surebet Finder nor anyone associated with Surebet Finder accepts any responsibility whatsoever for any loss that may be sustained as a result of the use (or misuse) of Surebet Finder information, irrespective of how that loss might be sustained. Surebet Finder does not guarantee any winnings and cannot be held liable for losses resulting from the use of information obtained here. Nor can Surebet Finder be held responsible for any erroneous or incomplete online results.

Betting can be very risky and users should only speculate with money that they can comfortably afford to lose and should ensure that the risks involved are fully understood, seeking advice if necessary. Surebet Finder does not provide advice or recommendations regarding betting or the risks involved.

You should be of legal age to visit this site and at a jurisdiction where online betting is legal.

Sure Bet Finder is certified by CAP and GPWA (click to verify):

© Sports Betting 2018