Dear SBRplayers,
I got a question. Arbitrage is the same thing as sure betting, we all know that.
But let’s say that I want to make profit by knowing where the market is going and place both of the bets at pinnacle.
For example:
I bet on a tennis match between Roger Federer – Rafael Nadal at Wimbledon.
The odds on Federer start at 3.50 which obviously is too high. I place a bet on Federer at that odds as I am pretty sure that the odds on Nadal will go up from 1.35 to around 1.55.
This means I can make a profit of around 7.50% of the total stake if I bet on both sides.
The question I have:
Is this also called arbitrage/sure betting or does this kind of betting have another name as it is more about skills then finding sure bets, but knowing where the market is going and actually to play at only 1-2 bookies where you can place high stakes.
Maybe this question sounds stupid, but I am just wondering if there are other names for this kind of betting then arbitrage?