How Does It Work?
Navigating the complexities of betting can often seem overwhelming, particularly for those new to the field. In our "How Does It Work" section, we aim to demystify the process by providing clear and concise explanations of various betting concepts and strategies. Whether you are a seasoned bettor or just starting out, our goal is to equip you with the knowledge you need to understand odds, types of bets, and how to place wagers effectively. Explore this section to gain insights and enhance your betting acumen, ensuring you approach sports betting with confidence and a better understanding of the mechanics involved. Let's make the intricacies of betting more accessible and straightforward for everyone.
What is surebet?
A surebet, also known as an arbitrage bet, is a betting strategy that involves placing multiple bets on all possible outcomes of an event to guarantee a profit regardless of the result. This method takes advantage of discrepancies in odds offered by different bookmakers, allowing bettors to cover all possible outcomes and secure a win. Surebets are considered low-risk, high-reward opportunities that require careful calculation and quick execution to capitalize on favorable odds.
What is value betting?
Value betting is when you have identified an edge against a bookmaker or a betting exchange. If a bet is priced for less than it’s worth, then it offers value. We will explain what value betting is and why it’s fundamental for successful betting in the long run and why it is more of an investment instead of taking chances.
What is an odds comparison?
An odds Comparison tool compares the bookmaker's odds offered on every event so that you can pick the bookmaker with the best odds to place your bet. Odds can vary a lot between bookmakers, especially on bigger events or more obscure selections. Betfavor’s odds comparison tool is the largest of all since we cover more than 120+ bookmakers and the betting exchanges. It is always a good idea to compare the odds among your available bookmakers before you place your bet so that you are always able to gain the best odds and profit from your bets.
What is matched betting?
Matched betting is when you take advantage of different bonuses that bookmakers give to new players. In short, when the free money is combined with mathematical strategies it means that you will make a profit no matter how the match ends. This works when you use a betting exchange such as: Betfair, Matchbook and Smarkets to lay a bet. When you lay a bet you bet against a certain outcome to come true. Eg. You bet that France will not win this match. This is the first step to get a free payoff. The next step is to back a bet. That means that you bet for a certain outcome to come true. Eg. You bet that France will win this match. This works on every bookmaker, you can always back a bet. In the first example, we laid a bet that France would not win and in the other example we backed a bet that France would win the match – this means that you have covered every possible outcome of the match and by calculating the right odds to bet on, you will always get a free profit.