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Simply by the nature of calculating a potential payout, the chances for significantly different payouts exists for Combination and System bets.
With these types of wagers, odds are being multiplied together. Here is an example for you: Imagine you have a combination bet with four football matches. You play with a solid betting site, but for these 4 games, there is another sportsbook that is offering on average a 3% odds premium on each of these outcomes.
When you calculate the difference in potential payouts on this small combo bet, you would be missing out on a premium of more than 12% by playing with your existing bookmaker.
The more event selections you make, the higher premiums can be. In comparing odds, on combination and system bets, the range in potential payouts between the highest and lowest paying sportsbooks can be 10% to over 40%. If you are interested in remaining profitable over time, it certainly behoves you to compare odds to ensure that when you win, you win the most that the market will offer to you.
Betting sites set their odds so that the potential payouts are balanced on all sides
for a given event. The goal for the bookmaker is to ensure that the amount of money
laid on the losing outcomes can more than cover the payouts for the winning outcome.
Anything above the amount to cover the winning bets will be left as bookmaker revenue
All the bookmakers on Pakistan Sports Betting offer competitive odds. If you just like to play, any of these sites will provide you with solid odds. However, if you are serious about sports betting and being profitable in the long run, you should be using several bookmaker accounts and comparing odds before you bet in order to get the best potential payouts.
Why? No one wins every bet that they make. In the end, the margins for being profitable at sports betting can be tight. Ideally you will win more bets than you lose.
However, as outlined above, each betting company sets their own odds in order to make money on every event, no matter what the outcome might be which means the odds can differ significantly between bookmakers as they constantly look to balance the potential payouts on all sides of the event. This gives you the opportunity to maximize your potential returns.
When you play through just one sportsbook, you will have to accept what could be much lower odds compared to the best odds available on the market. On single game bets, you can see a 3% premium all the way to 10% premium. When you use an odds comparison site like oddsjet.com, you can ensure that when you win, you get the most for your stake money.
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Another area where significant premiums can be gained in comparing odds comes with outright betting markets. In other words, the team that might win the Premier League or the IPL come the end of the season. Every team in a given competition will have odds on them to win outright as long as they are mathematically able to win the competition. As you get further down the list of competitors, the odds get higher, you will have a better chance for variation in the odds between bookmakers. So if you like outright winner markets and you don’t really bet on the heaviest favourites, you can compare the outright winner odds for an opportunity to get a premium of 10% to as much as 50%. Don’t leave these differences in your potential payouts on the table.