Contrary to what it may seem, combined betting is a very different method from multiple betting. Combined bets are a set of various predictions, one or several different sporting games / events that will take place. For a combined bet to be considered correct, all predictions made must be correct. The profit is calculated using the formula [(odd 1 * odd 2 *… * odd n) * amount wagered] – amount wagered. The great advantage of combined bets is that by summing the different odds of various events or games, the final odds are usually extremely high, which can guarantee exorbitant profits if you have any luck on your predictions. For the 좋은 날 먹튀 this is a very important matter now.
Now that you know how to calculate a bet arbitrage, it’s time to understand how to calculate the values to bet on each of the possible outcomes in order to achieve perfect arbitrage:
(1 / odd) *% return (in our example 100% + 4% or 1.04) * amount to bet (in our example 100EUR)
- So we would have 1 / 3.75 * 1.04 * 100 = 28.08EUR in Team A to win, 1 / 3.40 * 1.04 * 100 = 30.16EUR in a draw, and 1 / 2.50 * 1.04 * 100 = 41.60EUR in Team B to win.
To summarize, you would have to wager 28.08EUR on Team A, 30.16EUR in a draw and 41.60EUR on Team B, aiming to win 4EUR regardless of the final result of the game. As you may have noticed, the winnings are very low, and this is because in arbitrage betting, the stakes are usually much higher. If we were talking about a general bet of 1000EUR, it would already be possible to win 40EUR regardless of the end result of the game. Finding a sure bet is actually quite complicated, as we mentioned in other betting tutorials.
If you wish, you can also apply this arbitrage strategy to bets for and against Betfair, for example, where there are only two odds and the calculation process is relatively simpler. If you choose this route, we recommend arbitrage on bets such as: more / less goals, point spreads, etc. The calculations are exactly the same, but there are only two odds available and this makes the calculations simpler.
Keep in mind that arbitrage betting is always a risk. Bookmakers are constantly changing the odds of matches, and it is always risky to arbitrate. Many websites promote sure bets and arbitrations, but in fact the vast majority of them have outdated calculations. Be careful with that. In addition, any bookmaker has the right to cancel their bets at any time, indicating that it was a system error or probability calculation error, so be aware of these details when placing your sports bets. On top of all this, if you don’t have a relatively large player bank and the ability to bet a few thousand euros, you will hardly get big returns with your betting arbitrations.