Unlike many other arbitrage service, we offer what we call virtual bets. Virtual bets are bet that are constructed from different existing bets. Surebets based on virtual bets are also called cross markets surebets (see below). For example, a double-chance bet (1 or X) is a bet on team 1 and a bet on draw were the betting amounts are computed in such a way that the winning amount is the same in both cases. A "Draw No Bet" virtual bet (or DNB or Asian Handicap 0) is a bet where a part of the wager is set on a team, and the other part of the bet on the draw, so that in case of a draw, the winning on the draw is equal to the loss on the team (as for a real DNB bet).
So for example if you have a line like that:
- Type of bet: Asian Handicap +0/-0
- Bet 1: BookA - 2.28
- Bet 2: BookB - 2.80 / BookC - 3.20
It means that you will bet on a Draw No Bet (Asian Handicap +0/-0). The first bet will be Home +0 at BookA with odds of 2.28. The second bet (Away +0) does not exist physically. However, it has been reconstructed by a bet on Away team at BookB with odds of 2.80 and a bet on the Draw at BookC with odds of 3.20. The calculator will take care of the calculation to reconstruct this bet.
Those virtual bets are very interesting because:
- They offer a lot of opportunities. At BetFair for example, this is useful because commission is only paid on net winning in a market. As a part of the bet is lost, the commission is lower: For example on a DNB bet that is cancelled, there is no commission paid, thus the odds are optimum.
- They last longer than "normal" surebets because they are harder to identify.
- In comparison to a standard 1X2 bet, a virtual DNB bet has the risk of being cancelled (if the match ends on a draw). However, it offers higher return and usually allow to bet more if you are limited at a bookmaker. Thus on the long run, they are more profitable.
Here is a real example of such a bet.
Step 1: You find the bet of interest in the list of bets.
Step 2: You click on the entry to display the following calculator:
Step 3: You go to each site, check that the odds are still ok
| Pinnacle: |  |
| Bwin: |  |
| Centrebet: |  |
Step 4: Now we try to get the maximum limit for each entry. In our case, the only obvious limit is 159 from PinnacleSports. So we enter this value in the calculator and click the compute button:
Step 5: We have some experience with Bwin and Centrebet, so the limits seem ok. However, we will first bet at Bwin and Centrebet, because if any new limitation appears, we will be able to cope with it by adding it in the calculator. We will start with BWin because this is where the stake is the most important, thus the risk of reaching a limit too (compared to Centrebet). Then we will bet at Centrebet, and finally at Pinnacle.
| Bwin: |  |
| Centrebet: |  |
| Pinnacle: |  |
In that sample, if "Gunnilse IS" is the winner, we will win 163.77 at Pinnacle, we will loose 115.28 at BWin and 39.75 at Centrebet, thus a net gain of 8.74.
If "IK Oddevold" is the winner, we will win 322.78 - 115.28 = 207.5 at BWin, and will loose 159 at Pinnacle and 39.75 at Centrebet, thus a net gain of 8.75.
In the case of a draw, the bet at Pinnacle will be pushed (so we will not win nor loose money). We will win 155.09 - 39.75 = 115.34 at Centrebet, and loose 115.28 at Bwin. This generate a net profit of 0.06 which is close to our objective of 0 for a Draw-No-Bet bet like this one.