Demystifying Betting Myths
Statistics are the language of betting; learn to speak fluently, and the market will reveal its secrets.

Experience the future of sports betting education at our new store – visit Soccerwidow's new store!

3 Very Good Reasons to have Multiple Bookmaker Accounts

(1) Improving your mathematical ‘edge’ by always picking the best odds available:

Every serious football bettor should have several bookmaker accounts at his disposal in order to pick and choose the best available prices. Having invested so much time and effort in producing a match selection system which brings consistent profits, it would be churlish not to spend just a little more time seeking out the best possible reward.

At Soccerwidow we are great advocates of the much maligned bookmakers, which have seemingly had their gloss taken away from them by the trendier and seemingly more flexible betting exchanges. But of course, there is a price to pay for the convenience of using exchanges, and the more successful your system becomes, the more commission you may be liable to pay to these trading platforms.

(2) Getting the most from 1X2 markets:

Let’s have a look at Betfair’s main attraction to bettors: the opportunity to lay an event.

Using bookmaker markets there are three alternatives available to gain a financial advantage over Betfair’s home, draw or away lay prices: Asian Handicap +0.5; Double Chance; “Dutch” Back (click to enlarge; opens in a new tab):

How To Beat Betting Exchange Lay Bet Rewards With Bookmakers

German Bundesliga Matches 26th-28th October, 2012

Here, you can see a few more red figures in the right-hand columns than we saw in the back bet comparison article, but still, 21 out of 27 (77.8%) Betfair lay prices were beatable during this round of matches.

However the extent of advantage the bookmakers have competing with lay options is far smaller than backing; purely because when laying an event two results are effectively ‘backed’ rather than just one when backing outright:

  • 11.03% bookmaker advantage laying the draw in the Augsburg vs. Hamburg match was only worth 0.40 units more than Betfair’s return with a fixed liability/stake of 10 units.
  • 11.62% bookmaker advantage laying the draw in the Mainz vs. Hoffenheim match was worth the same 0.40 unit advantage.
  • 9.47% bookmaker advantage laying Bayer Leverkusen away at Bayern Munich was worth just 0.07 extra units than with Betfair.

In conjunction with the table above, the following table shows the best alternative options to laying each event in Betfair during this round of matches (click to enlarge; opens in a new tab):

Exploring The Three Methods Of Laying Using Traditional Bookmakers

German Bundesliga Matches 26th-28th October, 2012

Last Update: 3 December 2012

Categories:Betting Exchanges Bookmakers

3 Responses to “3 Very Good Reasons to have Multiple Bookmaker Accounts”

  1. 16 June 2013 at 3:46 pm #

    Very good blog you have here but I was wondering if you of any community forums that cover the same topics talked about here? I’d really like to be a part of community where I can get responses from other knowledgeable people that share the same interest. If you have any recommendations, please let me know. Cheers!

  2. 15 June 2013 at 8:41 am #

    What’s going on I am new to this, I stumbled upon this I have discovered It absolutely helpful and it has aided me out loads. I am hoping to contribute & assist different users like its aided me. Great job.

  3. 10 June 2013 at 12:10 pm #

    I have been surfing online more than 2 hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. In my view, if all site owners and bloggers made good content as you did, the internet will be a lot more useful than ever before.

Leave a Reply / Comment

Notify me of followup comments via e-mail. You can also subscribe without commenting.