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Any one of my listed betting sites provide a great sports betting experience. However, the nature of the sportsbook business means their will always be variations in the odds offered from company to company. Each bookie aims to balance the potential payouts on all outcomes of an event. As money comes in on one outcome, the bookie may need to adjust their odds so as to address this balance issue.
If you expect to be a serious bettor, this is a serious opportunity, as betting odds can range 3% to 10% for a single event between these reputable companies. As you bet in combination, these odds differences are multiplied together so that the potential payouts can range by over 50% for your bets of interest. So if you are looking for Premier League odds, LaLiga odds or odds on any other league or sport, to make the most of your money, it pays to first compare your odds at a site like OddsJet.com.
Think of it this way. Your one bookie, is going to adjust their odds from the time they first publish the odds, to the time of the match. What if the odds for your bet of interest from your bookie are 30% lower than the same bet at another bookie because they adjusted their odds in the opposite direction? Would you be happy knowing you left those potential winnings on the table? Probably not. You won’t need to have 35 betting accounts. You can really make the most of these odds variations by having three to five betting accounts. Simply compare the odds before you bet, then move on to place the bets with whichever of your betting sites has the highest potential payout.
It’s not just about getting the highest potential returns. Another way to think about why you should compare odds is that you creating the opportunity to operate in a lower odds margin environment.
In business, earnings come through profit margins. It is the same for sports betting sites. Odds margins are usually set anywhere between 2% and 10% depending on the sport, the betting site and the betting market (1X2 match betting, Totals, Handicap etc). Here is how odds margins work for a simple calculation for a typical football match with 1X2 match betting.
[(1/Decimal Odds Home)*100 + (1/Decimal Odds Draw)*100 + (1/Decimal Odds Away Win)*100
[(1 / 1.80) * 100 + (1 / 3.50) * 100 + (1 / 4.10) * 100] -
When you play with a single betting site, you must play with the odds that they provide, which include the margins they build into them. With just one bookmaker, your opinion on the match is at the mercy of their odds and their margins. With the kind of profit margin above, you would need to win around 60% of your bets over time to maintain profitability.
When you first compare your odds with OddsJet, your best available odds might look like this:
[(1 / 1.85) * 100 + (1 / 3.70) * 100 + (1 / 4.50) * 100] = 3.3% odds margin.
By comparing odds in the example above, the available odds margins came down over five full percentage points from over 8.5% to 3.3% for a single event. When this kind of improvement is applied to your overall betting patterns, you could potentially stay profitable by winning a little more than 50% of your bets as opposed to nearly 60%. Thus, finding your ideal odds with OddsJet gives you far more room for error toward profitability. Thus even when it comes to single event bets, OddsJet can really help you identify where you should be laying your stakes.
If you really like combination bets or multiples betting (aka systems bets), then you certainly need to look at comparing your odds with OddsJet. We saw the kinds of benefits above for single match betting. Imagine you are now multiplying those premiums by four, five, six or seven matches. Or imagine multiples or systems betting where we are talking about several combination bets. Potential payouts between reputable bookmakers can range as high as 50%. Imagine that, 50%! Your bets are the same, but some companies are ready to pay 50% more.
With this kind of disparity in potential payouts, it is hard to understand the huge interest bettors seem to have in taking advantage of free bets as promotional offers. Most of which are often limited in the amount that can be won through the associated terms and conditions. Getting better odds through comparison will clearly have a far more significant impact on any customer.
An outright winner is the winner of a given league or tournament. The outright winner betting market is the single market that can have the highest variation in odds pricing between online bookmakers. This is especially the case when you are considering a potential outright winner that is not the heaviest favourite.
Potential payouts can differ, by as much as 80% or more depending on the teams or players involved. Given such significant differences in potential payouts and the length of time you may need to wait for your bet to potentially payout, it makes a lot of sense to compare outright winner odds before you make your bet.
Imagine you wanted to bet on AS Monaco to win Ligue 1 outright at the start of the 2016/17 season. PSG would have been the heaviest favourites. Let’s say Monaco was 8 to 1 at your bookie, but another bookie had Monaco at 12 to 1. That’s 50% better odds. On a bet of 35¤, the potential profit is 240¤ versus $360¤.
That’s 120¤ extra on a potential payout for nothing more than having another betting account. Imagine if your stakes are higher or your odds differ even more.
This is why comparing odds is very useful. Creating and funding accounts could not be easier than it currently is. Don’t leave your higher potential payouts on the table.