What Are Surebets In Sports Betting?

Surebets, or arbitrage bets, are betting situations that allow you to get a guaranteed profit by placing bets on different outcomes of the same event. Surebets arise due to differences in the odds offered by different bookmakers.

Surebets can be of two types – Prematch and Live. Prematch surebets appear in those sporting events that will start in a while. Live surebets arise in matches that are currently taking place.

A specific example of a surebet looks like this:

Suppose we have two bookmakers, Bookmaker 1 and Bookmaker 2, which set different odds on the outcomes of the same sporting event. Let’s say it’s a football match between Barcelona and Real Madrid.

Bookmaker 1 offers 2.0 odds for Barcelona to win and Bookmaker 2 offers 2.5 odds for Real Madrid to win. Now we can use this odds difference to create a sure bet. To do this, we will place two bets:

• Bet on Barcelona’s win in Bookmaker 1: $100
• Bet on Real Madrid’s win in Bookmaker 2: $80

Let’s consider two possible outcomes of the match:

1. If Barça wins, we also win the bet on Bookmaker 1 and get a payout of $100 * 2.0 = $200. However, we lose the bet in Bookmaker 2 and -$80. As a result, we get ($200 – $80) – $100 = $20 net profit.

2. If Real Madrid wins, we lose the bet in Bookmaker 1 and -$100. However, we win the bet on Bookmaker 2 and get a payout of $80 * 2.5 = $200. As a result, we get ($200 – $100) – $80 = $20 profit.

Thus, regardless of the result of the match, we get a guaranteed profit of $20. This is a surebet.

It is important to note that surebets can have a more complicated structure with different odds for different outcomes or in other sports, but the basic idea remains the same – to use the difference in odds to ensure the player’s profit.

We can use the following approaches to search for surebets:

Manual search: you can search for surebets yourself by going through various bookmaker sites and comparing the offered odds. However, It takes much time and patience.

Using surebet scanners: There are various surebet scanners that automatically scan the odds on different bookmakers and provide information about potential surebets.

The leader in the niche of such services is BetWasp. This scanner analyzes the betting lines of more than 40 popular bookmakers in 45 sports and all existing markets. Then it provides its customers with data on existing surebets and values bets (another effective betting strategy).

Another great benefit of BetWasp is extensive functionality such as a handy Surebet Calculator for calculating bet amounts, an Accounting tool for keeping bet records, and many more useful things.

All a player needs is to choose a suitable surebet or valuebet, place bets at the bookmakers’ websites and wait for the end of the event to receive a guaranteed profit.

As you can see, surebets can bring a real and tangible income to the player who works with them. However, it is important to take into account all the nuances in working with this betting strategy and trust only proven arbitrage betting scanners.