Hello, everyone!
Another industry in which multi-accounting can be used effectively is betting. Betting is betting on sports or any other events. In today’s article we will explain betting arbitrage and what multaccounting is for.
Bookmaking is a big business, which has become very popular and fully legalized in recent years. If you look at the scale, a bookmaker’s office is like a casino, from which only the organizer of the whole action can come out a winner.
The odds and odds are always calculated in such a way that the player could not commit stable actions to himself “in the plus”. However, some part of the money can be successfully earned and withdrawn. There are only three main ways.
Serious analytics
Theoretically, in many disciplines and events in them, especially in cybersports, it is very difficult to accurately calculate the odds of a significant portion of events. If you are an expert in a particular cyber sports discipline, it is quite realistic to find matches where the actual odds are different from what the bookmakers are counting on. It takes a lot of effort and experience, and you don’t have to think about reliability.
Contractual Matches
There is a dishonest side to the slave business. It’s understandable; who wouldn’t want to make a lot of money in a couple of hours just by making a deal with the right people? Arrangements happen from time to time. But if you’re reading this article, you shouldn’t try to do it for many reasons.
First of all, it’s illegal. Secondly, it is almost impossible to find people with whom you can negotiate and not be cheated. Thirdly, even if you succeed, such actions are too obvious and the bookmaker will not let you withdraw funds.
Arbitrage on bets
This is the most realistic type of income from betting. Its essence is to find favorable odds at different bookmakers and make money on it. Of course, sooner or later you will still be banned, even if you have not violated anything. Because it’s unacceptable for a bookmaker to lose money. That’s what multi-accounting will be for.
A little arbitrage theory and a lot of numbers!
A simple formula you will need for arbitrage in betting: 1 / odds = chance of winning. Bookmakers always calculate odds in their favor, no exceptions. However, odds vary from bookmaker to bookmaker, which is the whole point of arbitrage.
Consider an event with two outcomes. For example, an even or odd number of goals scored in basketball. Typically, the odds here would be 1.9, that is, the chance of origin of this event should be 1 / 1.9 = 53%. Obviously, this is not the case. The chance of such an event is 50%, i.e. 3% goes in favor of the bookie.
Now let’s look at an event with three outcomes. For example, the soccer match “Everton vs Chelsea”. The odds for Everton win, draw, Chelsea win are 5.0, 3.9, 1.67 respectively.
Using our formula, let’s calculate: 1/5 + 1/3.9 + 1/1.67 = 20% + 25.6% + 60% = 105.6%. This means that the probability of origin of all events must be greater than 100%, which is impossible. 5.6% will go in favor of the bookmaker.
So how do you make money?
Now imagine that you have done the following trick: opened several sites of different bookmakers’ offices and managed to find high odds at 3 different sites. On the first one you found odds on Everton winning 5.5, on the second one on a draw 4.0, and on the third one on Chelsea winning 1.8. Let’s convert it all to percentages according to our formula and get 18.2% + 25% + 55.6% = 98.8%. Bingo! One of the three events will happen with 100% probability, and you have found room for arbitrage.
The next step is to calculate how much to bet on each outcome. For ease of calculation, you can use sites with arbitrage calculators, there are many. Here is one of them. https://arbitragecalc.com/. Everything is intuitive here. You just need to enter the odds of two or three events (possibly more) and the total amount you are willing to spend. In the second row under the word stake it will be written how much to bet on each odds.
Here is an example with two events, this is a real match in big tennis.
If you only have 50,000 units, you can bet 8992 on the first outcome and 41007 on the second. Then you’re sure to be in the black, earning 1258 units in the currency in which you bet!
And here’s an example of the soccer game I wrote about above.
As you can see, in both cases you are 100% likely to make money. As a rule, the profit from one such turnover will be about 1-3% if you choose the “earn for sure” strategy.
You can distribute the amount of bets differently as well. Then you can either return the bet amount or earn somewhat more than in the “earn for sure” option. That is, you won’t lose for sure and probably will earn.
Most often, events on which you can arbitrate live can be found in the live. The odds change quickly there, so it is better to choose events with two outcomes, such as tennis games. With sufficient working capital and the ability to follow a large flow of information you can achieve good results.
The main problem
The problem, as I mentioned before, is not only winning money, but also withdrawing it. Even though you don’t violate anything, you will still get banned sooner or later, so you have to have a lot of accounts. Each account will require verification of identity. Since you are not doing anything illegal, you can safely use the documents of people in your inner circle.
Those who have ever been involved in betting know that the support team at betting shops can make a large number of requests for all actions made on the account. In particular, they will ask what device you used to enter the site, what browser you used, and what IP address. If you have logged into several accounts from the same device, you won’t be able to withdraw your money.
With a lot of accounts, it’s very easy to get mixed up in all this. With Ads Power you’ll not only be able to bet as safely as possible by creating an isolated environment for each account, but you’ll also save a lot of time, because all your accounts will be in one place – it’s very convenient.
I hope that today’s article was helpful to you. If there are still questions, always welcome your requests!