The Surebet Calculator: Find Out How Much You Can Earn
We continue with our look at all the bet types available at online sports betting sites by reviewing the Surebet. To help you take full advantage of this bet, we introduce our Surebet calculator. With this great tool you can, within seconds, work out if there is a significant difference between two bookmakers that are offering the same market, you can use this information to your benefit to ensure a return on your bets. As with all the betting types we review, we will share our hints and tips and give you as much help as possible to help you bash those bookies!
Calculator Coming Soon: For a similar one see the Dutching betting calculator.
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The Surebet bet calculator works differently to all the other calculators that we have provided for other bet types. It doesn’t take odds and multiply it by your stake. It is instead, working out the difference between a ‘for’ bet with one bookmaker and comparing that to an ‘against’ bet at another bookmaker. When the prices are right, it creates the holy grail of all bets – a guaranteed win.
What is a Surebet Bet?
Surebets are unique in all the betting types we have reviewed, the reason? Well, unlike every other betting type you can find on these pages, it is the only one, if done correctly, that will ensure you will see a profit on your bet.
It is an arbitrage bet and Wikipedia sum it up perfectly when they say, “In economics and finance, arbitrage is the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalise upon the imbalance, the profit being the difference between the market prices”. That definition sums up perfectly a Surebet! You use the (often small) differences between the odds offered with two bookmakers to guarantee a return.
How to use the Surebet Bet Calculator
Using our Surebet betting calculator couldn’t be easier. On a 2way betting opportunity (a yes/no result, such as both teams to score, England to qualify etc..) you enter the overall stake you wish to place and the odds from both bookmakers into the Surebet returns calculator and the tool will tell you exactly how much stake you need to place at both bookmakers for this bet to work. The calculator will tell you the potential winnings from both sites and what your net income would be when the event has finished. As a result is binary, either result in the event will see a return. The tool will show you what per cent profit you can return with your stake.
As an added bonus, not only does the Surebet profit calculator work with 2way selections, it also can help with 3way scenarios (a football match is an example of this as it can be a home win, away win or a draw).
- Insert the stake
Enter the total amount of stake you wish to bet
- Choose the selections
Input the odds offered at the two different bookmakers
- Calculate the profit
The calculator will automatically work out the variance and return amount.
A Practical Example
Let’s see how the Surebet returns calculator works with a real example.
When using Surebets, you will find that the most significant variance in odds is in relatively obscure markets, and this makes sense. You are hardly going to see a big difference between UK bookmakers with say football betting games.
So, when searching for these opportunities, it is often away from European events that the best value can be found. An example of this is a football game in the Ecuador Cup that we discovered.
The market was the BTTS (both teams to score) with America de Quito playing Emelec.
Bookmaker A was offering BTTS Yes at 2.11, bookmaker B was offering BTTS No at 2.17. This created an arbitrage opportunity, and no matter what the result, entering these figures into the tool showed a profit of 6.98%.
The Advantages and Disadvantages of this Calculator
With the Surebet calculator, we can confidently say there are no disadvantages, but that certainly doesn’t mean there are no pitfalls and challenges in placing these bets. One of the main problems is actually finding the bets to place in the first place, the Surebet bet calculator will without a doubt help you work out returns, but the effort is needed to find the bets in the first place. With practice using the tool, it does get easier to spot value odds and is a case of trial and error. Another factor is, believe it or not, bookmakers are not that fond of losing money. Win too much, and you could see your account closed or restricted without warning or explanation. With this in mind, try and rotate which bookmaker you use to place the winning bets with.
When to use this calculator? | When shouldn’t you use this calculator? |
---|---|
You want to check the variance between bookmakers | If you don’t have time to research thoroughly |
To see how much stake to place with each bookmaker | If you are self-excluded from gambling sites |
To know the profit margin on a Surebet | If you have a gambling-related problem |
Best Bonus to Play with on the Calculator
If you are interested in Surebets, you’ll need more than one bookmaker to use, as you are using the variance that exists between the odds offered between rival companies to make a profit. And when we say more than one, many is probably a better term. The more is better, each bookmaker you are with will have different odds, even if just slightly. It is exploiting these differences that make this system work. A huge benefit is that when you join a bookmaker, they all other incentives for you to choose them. Matched deposits, free bets, first bet insurance and many other promotions can be picked up. There are few things in life more satisfying than using free money from one bookmaker and using free money from another to return a guaranteed profit. But, please always read the terms and conditions before accepting any special deals as there could be wagering requirements in place.
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