NewStats: 3,259,788 , 8,170,910 topics. Date: Monday, 26 May 2025 at 02:15 AM 382x3c

Do you really want to know how bookmakers make money from sports betting? Then read on.

First, there are 2 categories of bookmakers. Generally known as Sharp and soft bookies.

Sharp bookies: These are the type of bookies that welcome consistent winners. They are known as market makers, their odds and probability theory on a game is top notch. Winning is almost impossible with these sets of bookies. They rarely close or restrict your s, because winners are welcomed. Their margins on a market can go as low as 4%. The creme de la creme of sports betting bet here. A good example of a sharp bookie is Pinnacle and most betting exchanges.

Soft bookies: These are the lazy, and very greedy sets of bookies. They can be very slow, and easy to beat. Most of them just copy the odds of the sharps and slash the odds for a huge gain. With these sets of bookies consistent winners are not welcomed. Your s will be restricted and closed. Their margins can go as high as 25% in a given market. Good examples are bet9ja, sportybet, bet365, 1xbet, etc.

So how do these bookies make money?

The simple answer is they make money, by lowering the odds of a market. Let's use the popular coin toss example.

You and your friend are betting on a coin to land on its head or tail; let's assume the coin can't land on its rim. You stake 50k your friend stakes 50k. Whoever wins double his/her money.

Now imagine a third party comes in. He offers 1.90 odds for the head and 1.90 odds for the tail. You and your friend then stake 50k each; surprisingly, whoever wins gets 45k (50 * 1.90), and this third party gets to keep the balance of 5k to himself.


You and your friend made a total stake of 100k. But the total payout is 95k. This 3rd party is guaranteed a cool 5% profits. This 3rd party is who a bookmaker is. That is how they make money. If the total stake on head and tail is 20M the softs are guaranteed at least 4m no matter who wins.


Now, some may ask, what if the stakes on the head outweigh the stakes on the tail, and the head wins? This is where the art of bookmaking comes in. If the total stakes on the head are higher than the stakes on the tail, the bookmaker will reduce the odds on the head, thereby lowering the payout amount. They then increase the odds on the tail to entice other staking on the tail. These are where pricing errors and odds differences occur.

Bookie A may increase the odds on tails, while B may be lowering the odds on tails. Which can lead to arbing and value betting opportunities.

So how can you beat them?

Recall the soft mostly copy odds from the sharps. And they reduce the odds for a guaranteed profit. Now imagine when someone places a $10k bet on some 3rdtier league using the sharp bookie

Such an amount can move the odds. The sharp will then reduce their odds in some cases lower than even the sliced odds of the soft. Arbers and value bettors will now bet on the odds of these softs.

Although sometimes just $1k can move the sharps odds, this is why it is very important to check the money already staked on a given market on the sharp, so the odds don't drift even higher after placing your value bets. Because if the sharp odds before the game starts are higher than the odds you took on the soft, as a value bettor, you have just placed a -ve bet. With such types of bets, you are guaranteed to lose in the long run.


A long term profitable bettor is using either arbitrage or value betting, to beat these bookies. That is why you rarely see soft books restricting or closing s of normal bettors and those using accumulators. They offer these sets of bettors bonuses because these sets of bettors are the people sustaining soft bookies.

Even if you win 10 million today, in as much as you are not arbing or placing value bets, the bookmakers will collect 20 million from you tomorrow. Know this and know peace

Very sharp,lucid explanation.

1xbet makes money by being a scam, if you lose they will let you keep playing, but if you win they will close your and keep your money. I know this from personal experience.

BettingTruth:
1xbet makes money by being a scam, if you lose they will let you keep playing, but if you win they will close your and keep your money. I know this from personal experience.

Unfortunately, this is how all soft bookies are. If you win consistently they will close your s. The dubious ones like 1xbet and her clones will withhold your funds. That is why long term winners always avoid 1xbet and her clones, they are very fraudulent.

Sapeleboy911:

Unfortunately, this is how all soft bookies are. If you win consistently they will close your s. The dubious ones like 1xbet and her clones will withhold your funds. That is why long term winners always avoid 1xbet and her clones, they are very fraudulent.

So bet9ja can close some one's

Alvin212:



So bet9ja can close some one's

Yes, they can.

Sapeleboy911:

Yes, they can.

What if you place your bet only in shops

Can they still limit your stakes

Alvin212:


What if you place your bet only in shops

Can they still limit your stakes

No, they can't, but an agent can refuse your bets if they want to.

Sapeleboy911:

No, they can't, but an agent can refuse your bets if they want to.

Why should an agent refuse my best

Bigger stakes means more money for the agent



See I want to be putting like 150k on 2 odd plus

Roll it over twice
Withdraw
Increase my stake do it over again

How do you see that?

Alvin212:



Why should an agent refuse my best

Bigger stakes means more money for the agent



See I want to be putting like 150k on 2 odd plus

Roll it over twice
Withdraw
Increase my stake do it over again

How do you see that?

That's the fastest way to the poor abort that mission, I repeat abort that mission.

Sapeleboy911:

That's the fastest way to the poor abort that mission, I repeat abort that mission.

Not an issue

I know how to cook 2 odd


My question is
will bookies like bet9ja allow it

Alvin212:



Not an issue

I know how to cook 2 odd


My question is
will bookies like bet9ja allow it

Yes they will

Sapeleboy911:
Do you really want to know how bookmakers make money from sports betting? Then read on.

First, there are 2 categories of bookmakers. Generally known as Sharp and soft bookies.

Sharp bookies: These are the type of bookies that welcome consistent winners. They are known as market makers, their odds and probability theory on a game is top notch. Winning is almost impossible with these sets of bookies. They rarely close or restrict your s, because winners are welcomed. Their margins on a market can go as low as 4%. The creme de la creme of sports betting bet here. A good example of a sharp bookie is Pinnacle and most betting exchanges.

Soft bookies: These are the lazy, and very greedy sets of bookies. They can be very slow, and easy to beat. Most of them just copy the odds of the sharps and slash the odds for a huge gain. With these sets of bookies consistent winners are not welcomed. Your s will be restricted and closed. Their margins can go as high as 25% in a given market. Good examples are bet9ja, sportybet, bet365, 1xbet, etc.

So how do these bookies make money?

The simple answer is they make money, by lowering the odds of a market. Let's use the popular coin toss example.

You and your friend are betting on a coin to land on its head or tail; let's assume the coin can't land on its rim. You stake 50k your friend stakes 50k. Whoever wins double his/her money.

Now imagine a third party comes in. He offers 1.90 odds for the head and 1.90 odds for the tail. You and your friend then stake 50k each; surprisingly, whoever wins gets 45k (50 * 1.90), and this third party gets to keep the balance of 5k to himself.


You and your friend made a total stake of 100k. But the total payout is 95k. This 3rd party is guaranteed a cool 5% profits. This 3rd party is who a bookmaker is. That is how they make money. If the total stake on head and tail is 20M the softs are guaranteed at least 4m no matter who wins.


Now, some may ask, what if the stakes on the head outweigh the stakes on the tail, and the head wins? This is where the art of bookmaking comes in. If the total stakes on the head are higher than the stakes on the tail, the bookmaker will reduce the odds on the head, thereby lowering the payout amount. They then increase the odds on the tail to entice other staking on the tail. These are where pricing errors and odds differences occur.

Bookie A may increase the odds on tails, while B may be lowering the odds on tails. Which can lead to arbing and value betting opportunities.

So how can you beat them?

Recall the soft mostly copy odds from the sharps. And they reduce the odds for a guaranteed profit. Now imagine when someone places a $10k bet on some 3rdtier league using the sharp bookie

Such an amount can move the odds. The sharp will then reduce their odds in some cases lower than even the sliced odds of the soft. Arbers and value bettors will now bet on the odds of these softs.

Although sometimes just $1k can move the sharps odds, this is why it is very important to check the money already staked on a given market on the sharp, so the odds don't drift even higher after placing your value bets. Because if the sharp odds before the game starts are higher than the odds you took on the soft, as a value bettor, you have just placed a -ve bet. With such types of bets, you are guaranteed to lose in the long run.


A long term profitable bettor is using either arbitrage or value betting, to beat these bookies. That is why you rarely see soft books restricting or closing s of normal bettors and those using accumulators. They offer these sets of bettors bonuses because these sets of bettors are the people sustaining soft bookies.

Even if you win 10 million today, in as much as you are not arbing or placing value bets, the bookmakers will collect 20 million from you tomorrow. Know this and know peace

Bro can betano and bet9ja withhold my funds after restricting me.

Nice one

BrazilianOG:
Bro can betano and bet9ja withhold my funds after restricting me.

In most cases, they won't. But if you own more than one with them, or use the same phone/network to access 2 different s they can withhold your funds due to multi ing rules. Betano restricted my s just after 12 bets. If you are using more than 1 always make sure you clear your tracks.

Sapeleboy911:

In most cases, they won't. But if you own more than one with them, or use the same phone/network to access 2 different s they can withhold your funds due to multi ing rules. Betano restricted my s just after 12 bets. If you are using more than 1 always make sure you clear your tracks.

Thanks bro, but what about arbs with a profit margin below 1%

BrazilianOG:
Thanks bro, but what about arbs with a profit margin below 1%

Not worth it for me.

Sapeleboy911:

Not worth it for me.

But arbs above 2% disappear faster

I want to start arb. Can I get in touch with you.

BrazilianOG:
But arbs above 2% disappear faster

Then go with 1-2% arb and consider it a learning phase. Afterwhich you can place bets at a more faster pace. With such % of bets you have to place lots of bets or use high stakes to make a considerable profit.

Sapeleboy911:

Then go with 1-2% arb and consider it a learning phase. Afterwhich you can place bets at a more faster pace. With such % of bets you have to place lots of bets or use high stakes to make a considerable profit.

ok but can I add livescorebet to my bookies list. Like are they reliable.

BrazilianOG:
ok but can I add livescorebet to my bookies list. Like are they reliable.

I haven't used them yet.

Sapeleboy911:

I haven't used them yet.

Alright

Sapeleboy911:

I haven't used them yet.

But which SB do you recommend

BrazilianOG:
But which SB do you recommend

Nigerian bookies: Sportybet(the best among them), Merrybet, betking, nairabet, bet9ja(very very poor odds), betano(restricted my s in less than 24 hours) These are bookies I never had issues with while using them. Others are 1xbet Melbet, 22bet, konfam bet, betwinner, etc. There are lots of arbing opportunities with these other sets of bookies. But they can be dubious and very problematic. They share s' info between themselves.

Sapeleboy911:

Nigerian bookies: Sportybet(the best among them), Merrybet, betking, nairabet, bet9ja(very very poor odds), betano(restricted my s in less than 24 hours) These are bookies I never had issues with while using them. Others are 1xbet Melbet, 22bet, konfam bet, betwinner, etc. There are lots of arbing opportunities with these other sets of bookies. But they can be dubious and very problematic. They share s' info between themselves.

Am only scared of them withholding my funds

BrazilianOG:
Am only scared of them withholding my funds

Just make sure you have your KYC documents intact, and you need 2 devices to perform those other sets of bookies verification. They ask you to take a selfie, with the contents of an email sent to you as a background image. It is quite risky using 1xbet and her clones; you are always at risk of your funds being withheld, even though it is easy to make profits with them.

Sapeleboy911:

Just make sure you have your KYC documents intact, and you need 2 devices to perform those other sets of bookies verification. They ask you to take a selfie, with the contents of an email sent to you as a background image. It is quite risky using 1xbet and her clones; you are always at risk of your funds being withheld, even though it is easy to make profits with them.

If I decide to use our local bookies, can I still arb profitably

BrazilianOG:
If I decide to use our local bookies, can I still arb profitably

Yes you can. You just have to be patient and continue compounding your profits. Arbing profits can be relatively low but almost sure unlike value betting.

Sapeleboy911:

Yes you can. You just have to be patient and continue compounding your profits. Arbing profits can be relatively low but almost sure unlike value betting.

Bro how many times can I arb with them before getting restricted or banned

BrazilianOG:
Bro how many times can I arb with them before getting restricted or banned

I can't tell; bet9ja, Merrybet, and bettings are slow to restrict but low on arbing opportunities. Sportybet restricts fast but they have good arbing opportunities. 1xbet, 22bet, betwinner, Melbet, and konfambet have lots of arbing opportunities, but they restrict very fast; they restrict your by lowering your odds.

Sapeleboy911:

I can't tell; bet9ja, Merrybet, and bettings are slow to restrict but low on arbing opportunities. Sportybet restricts fast but they have good arbing opportunities. 1xbet, 22bet, betwinner, Melbet, and konfambet have lots of arbing opportunities, but they restrict very fast; they restrict your by lowering your odds.

Bet9ja sporty and betking a good option for an arber, can I cover my subscription