The Formula:
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The above formula is used by professional gamblers around the world to wager on games, political events, etc. Regardless of the outcome of the contest, the pro wins, ALWAYS.
EXAMPLE 1
The national champions are going to play the unknown locals on television tomorrow. The national champions are Group A, the opponents are Group B.
Without a doubt, most everyone knows (except supports of Group B) that group A will win easily, because "B" is the underdog.
Step #1: Make a $7 straight bet (no points) that "A" will win, a relatively easy bet to make with any Group B supporter.
Step #2: Find a support of Group A (champions) and tell him you think "B" will win. You probably will be told that is a "sucker bet" and that you can't possibly win. At that moment, secure a 2 to 1 bet from him.
If the champs win, you pay him $5, but if they lose, he pays you $10. Sucker bets are easy to get because you bet on the underdog.
Step #3: Pay, collect.
If team A wins, you pay $5, collect $7, clear $2.
If team B wins, you pay $7, collect $10, clear $3.
Thus the formula: $7 Underdog x $5 Favored = $2.50 + or - .50 = $3 or $2.
Note: THE AMOUNTS INVOLVED CAN BE SUBSTITUTED BY HUNDREDS, THOUSANDS, ETC.
EXAMPLE 2
Suppose there will be an election for President ( or mayor, etc., ).
Kennedy Vs Smith.
Step #1: Bet $700 straight with Smith supporter. (You bet Kennedy will win.)
Step #2: Bet $500 at 2 to 1 with Kennedy supporter. (Smith will win.)
Again, everyone knows that Smith can't possibly win over Kennedy. Therefore, it is easy to get 2 to 1 odds on the underdog.
Step #3: Pay and collect.
If Smith wins, you receive $1,000 and pay $700, a profit of $300.
If Kennedy wins, you receive $700 and pay $500, a profit of $200.
Either way, you win again!!
CONCLUSION: It is not who wins the contest, it is the system you use that counts. As always, have an understanding from the beginning, that in the event of a tie, all bets are transferred to the runoff or canceled. Also, we assume no liability for any legal implications resulting from the use of the above.
If you like sure bet, you can read:
link:://en.wikipedia.org/wiki/Arbitrage_betting (link:://en.wikipedia.org/wiki/Arbitrage_betting)
Greetings.
WannaWin
Thanks very much for that formula. Gold-dust... Pure gold-dust...
And the good thing is that Betfair / Betdaq make this strategy so easy to implement on a whole range of sports and/or worldwide events!