Betting against the odds, not the outcome
One of the first things I learned as a sports better was to bet based on the value of the odds rather than bet on a particular outcome. Due to bookmaker margins, if you bet on every sporting event at…
Author: admin
Be sure to shop around for football World Cup odds
I’m used to seeing discrepancies in odds between bookmakers, but there are some massive inconsistencies between bookmaker odds for the 2010 football World Cup winner at the moment. I mentioned in a previous post the substantial variation in odds for…
Betfair now offers multi-bets
Betfair now offers multi-betting, enabling you to bet on multiple events and accrue larger payouts if you get them all correct. Betfair has termed these bets ‘Aus Multis’. You can access Betfair multi-betting by clicking on the ‘Aus Multis’ tab…
Miss Universe 2009 Odds and Arbitrage Opportunities
It’s fascinating to look at the disparity in betting odds for the Miss Universe 2009 contest. How on Earth do you derive odds based on looks? Bookmakers have settled into a supply and demand approach to determine the odds, and…
Draws Galore in the Coca-Cola Championship
England’s second tier football division, the Coca-Cola Championship, kicked off this weekend with a flurry of draws. Based on previous season openings, I had anticipated a quiet opening weekend, and had bet on a draw for every fixture. With twelve…
Betting Strategies – Part 2 – Maximizing Expected Return to Risk Ratio
In the first part of this two post series, I discussed the betting strategy of maximizing expected return. The downside of this strategy is it takes no account of risk. If you haven’t read the previous post I recommend you…
Betting Strategies – Part 1 – Maximizing Expected Return
This post is the first of two to discuss strategies for sporting events where there are three or more possible outcomes. Examples include football, horse racing, the first try scorer in rugby, and highest run scorer in cricket. For all…
Improve your Payouts By Attaching Low Odds Multibets
Anyone who has been betting on Wimbledon this year will be lamenting the horribly low odds offered on the likes of Federer and Murray to win their early round matches. For example, you would be lucky to be offered more…
Guaranteed Wimbledon Win for Federer
I was planning to write a post about a betting anomaly on Sportsbet, but it turned out to be intentional. On the 9th of June I placed a bet on Federer to win Wimbledon, but before the tournament has even…
Phew! Dodged a bullet in the Twenty20 World Cup
It’s interesting how extremely low odds can influence your behavior. Every now and then you see fixtures with one outcome paying only 1.01 to win, and you think to yourself, “it must be a sure thing then! All I have…