Betting odds are the most important factor in bookies, it is how they make their money. They sometimes will increase their odds to attract more people to a certain bet which in turn gives them more money, especially if this bet does not come in. The objectives for bookies is to draw as much money from people as possible, don’t be fooled by seemingly nice gestures from these companies as realistically they are only after one goal!
Read on below to see why you should always check the odds for all bookies that you go to.
This is perhaps the most important thing to remember about betting. Bookies will tend to change their odds depending on the situation, if a factor in a game like an injury or suspension is present before or during a game then odds will always change. When betting on the bookies, be sure that you are confident in your decision and know a lot about what you are betting on. For example, don’t bet on basketball if you have no idea about the teams, if you are knowledgeable about a sport then you will be more successful betting on this as you actually will know what you are doing.
When using a bookie you will always see certain deals and odds being pushed and promoted, the majority of the time these odds are put there to fill the pockets of the bookies and empty those of the punters. So if you see crazy odds on something, be sure you are aware of all of the conditions within that bet as the majority of the time there will be an extra variable or catch which will give you a lesser chance of winning.
It is also important to know that not all odds are promoted, all the odds that you see online are not the only ones. You will tend to find more valuable odds when you look deeper into the bookies, especially online where there are many hidden bets that you can place to make some decent money.
The goal of the bookmakers is to take wagers on both sides or all sides of a bet that guarantee them a profit. While the bookmakers are in the gambling business, they themselves do not like it when they have to gamble on the outcome. If Chelse is playing Liverpool, the bookmakers continually adjust odds to reflect betting trends. If too many punters are betting on Chelsea, they will make Chelsea’s odds worse and Liverpools more attractive. By continually updating odds, the bookmakers almost always guarantee themselves a profit.
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Learning the process of sure betting (also known as arbitrage betting) is key when wanting to be successful with the bookies. If you lack the knowledge and begin to engage in sure betting, you will run the risk of losing money on your bets. It helps to have a passion for some sports as you will already have some knowledge of these sports and this will allow you to transition into arbitrage betting much easier.
If interested in arbitrage betting, you should sign up for a free service. Betslayer provides a useful 7 day free trial. You will gain access to some of the sure bets available. Use this free 7 day free trial to conduct test bets. This is where you use the sure bet information from BetSlayer and go to the bookmakers’ website to test arbitrage betting. You should fill out the betslip at all the bookies in the arb. But, don’t actually place the bet. After spending an hour a day over 2-3 days, you will get the hang of which bookies have the most accurate lines or how quickly you could place a sure bet.
If you find out that you are good at arbitrage betting then you should upgrade to a paid version to get access to all of the arbitrage betting opportunities. If you are not so good then it is no risk as you haven’t spent any money and you can spend more time honing your sure betting skills. To find out more about this process check out our blog at BetSlayer on ‘What is Arbitrage Betting?’.
When engaging in arbitrage betting it is also important to scope out the best bookies which you can use to make money. Some Bookies are much more lenient than others with constant arbs so you should research which Bookies are right for you. You could perhaps test your limit with certain bookies to see where you can take sure betting to, if they try and cap you or block your account then you should not be using them regularly. Some bookies will also tend to be much more alert than others, this may, however, not be a negative as this shows that this bookie is established and professional so you won’t have to worry about any security problems.
When you are first signing up to a bookies site you will almost always receive a signup offer which could either be increased odds or a bonus on your first deposit. Some bookmakers even will give you a £10 free bet given to you. This way you are not using your own money and so there is much less of a risk. Alongside the increased odds it gives you a great opportunity to partake in arbitrage betting, without having to put as much money in as you would normally. You should try and exploit as many sign up offers as you can. Taking advantage of sign up offers just helps increase your return fromsure betting . Plus, if you make a mistake or two, the sign up bonus provides a nice cushion.
Earn a profit every month virtually risk-free with our arbitrage betting tips. Sign up now for a 7-day free trial.