Risk free betting or arbitrage betting is the act of placing bets on all possible outcomes of a sporting event so that you lock in a definite profit at the end of that event.
Risk Free Betting
NBA ALL STAR DUNK COMPETITON : WINNER
Any Other » +400 (5.00) (BET365) » £218.75 returns £1,093.75
A correctly staked investment of £1,000 guarantees a return of £1,093.75 no matter which Player wins the competition. That’s £93.75 profit due to discrepancies in the bookmakers’ odds guaranteeing a 9.375% profit on your investment!
The above information tells us that a betting market exists for which player will win the 2010 NBA slam dunk competition.
It also tells us that BWin have odds of -250 (1.40) for Shannon brown to win and that Bet365 have odds of +400 5.00 for any other player to win.
By applying a simple mathematical formula to those odds, we are able to calculate that we can cover both possible outcomes of the bet and make a guaranteed 9.375% return on our investment.
We would invest our money in proportion to the odds on each possibility. The amount to invest on each outcome is calculated using another simple formula. £781.25 invested on Shannon Brown returns £1,093.75 and £218.75 invested on “any other player” returns £1,093.75.
£781.25 x 1.40 = £1,093.75
£218.75 x 5.00 = £1,093.75
Risk free profit = £93.75
I would very much like to find out more about this form of betting. Please send me additional info.
Kindest Regards, John
John feel free to email me with any specific questions. or use the forum at BTC to ask questions.
Thanks for looking at my blog.
nbablogin@gmail.com