Each bookmaker has their own algorithm that determines the odds value. Since the determinants are mostly similar, the deviation between two odds is insignificant. However, as technology kicks in, odds set up, intensifies, making the difference slightly bigger. The difference between two odds on the same market but on different platforms, create room for sure bets.
Odds comparison sites import their figures directly from bookie’s site. The figures then form the variables that feeds into the comparison tool. Players conversant with sure bets can use this information to their advantage. Getting the difference between the highest and the lowest odd on the same market gives a combined margin of less than 100%. The percentage difference between the optimal and the margin is the player’s odds advantage.
Since the figure keeps fluctuating, odds comparison sites also update their entries. They try to give the updated odds, which affect the odds comparison in real-time. The tool makes it easy for gamers to follow the process on one site, instead of creating accounts with multiple betting sites. It is an important tool for game punters who would like to improve their earnings from betting.
All games with the same market structure and variables qualify for odds comparison. They have to be physical games with equal chances to create a good base. Football, tennis, rugby and horse racing are the most common sports for a comparison. The most common feature is have the same number of participants, gaming activities, outcome model and game outcome.
A good example is football. The first and the most popular bet is the 3-way bet, win draw lose. It applies to all bookies that have football as a betting market. An odds comparison platform, for example Oddspedia, picks these figures to rank bookies based on their odds value. Other bet types include the handicap bets, both team to score, goal scorers. Also, what makes odds comparison easier is that, before kick-off gamers usually knows who will participate and their influence on the game.
Pre-match bets are the most common with odds comparison since the odds takes time before the match begins. It gives time for updates, which may increase the window for analysis. With time, live betting has stepped in, which increase the odds update intensity.
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