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One-way
Duration:30 days - Percent: 3.8% daily - Return principal: no
Level Spent Amount Payout
One-way 10.00 - 2000.00 3.80%
Consider a tennis match between Hewitt and Federer, where two sportsbooks, Bwin and Bet 365, offer lines like this:
Hewitt
Federer
Bwin
3.00
1.40
Bet 365
2.65
1.55
The bookmakers here operate with lines that are somewhat different.
In fact they are so different, that you can make a SureBet by betting at both outcomes.
Assume you want to get a payout of €100 no matter what happens. By betting €100 / 3 for Hewitt with Book 1 and €100 / 1.55 for Federer with Book 2, you will achieve it.
At the end of the day, one of the wagers is won and one is lost, but irrespective which one comes through, you will realize a profit of €100 - €97.85 = €2.15. Making €2.15 on an amount of €97.85 is a return of 2.2%. Not bad for an investment horizon of one or two days.
In the example above, there were only two outcomes. But all-back SureBets will work with any type of wager as long as you can cover all possible outcomes. For instance you can make a SureBet on a football match by betting for both home, draw and away.