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Extra winning/ Hidden loss


The price of every odds for a match is different from one bookie to another.  Some offer higher for a home team to win and some offer higher for away team to win. It also applies to different bet type.

Example

Portsmouth vs Aston Villa 1X2 odds.







If you place 1000€ on Aston Villa on Gamebookers, you will win 1860€.

If you place 1000€ on Aston Villa on Bet365, you will win 2100€.

Now the different is obvious, 2100€ - 1860€. = 250€. You win additional 250€.

This situation become worst in long term, if Punter A and Punter B place $50 on 100 bets on asianhandicap, and they win 52 bets and lose 48 bets respectively. 

Punter A

Punter B

Average odd :  1.85

Average odd : 1.95

Stake : $50 x 1000 = $5000

Stake : $50 x 1000 =  $5000

Win : $4810

Win : $5070

Profit : - $190

Profit : $ 70

In conclusion, Punter A lose $190 while Punter B $70. So we suggest that every punter should have at least 3 bookies to catch the best odd available.