[Richard (MBA)]

#4320

Big Bash Betting Offers: Take Advantage of BetEasy’s Double Winnings

Hey guys,

These Big Bash offers are pretty good to get stuck into!

Everyday BetEasy is offering double winnings if a certain player hits a certain amount of sixes or makes a certain amount of runs.

These seem to be profitable amongst lots of Mbers, so dont miss out!

[jdonks]

#4321

How is it guaranteed though if it depends on players achieving a specific thing? Such a number of runs etc?

How would you play it Richard?

[Richard (MBA)]

#4322

Hey James,

Yeah this offer isn’t guaranteed, but the value is good is you get decent matches.

Just back & lay head to head market, and if the requirement happens, we get double our winnings.

Its similar to the BetEasy US sports offer we had a while back.

[GavinsMB2018]

#4323

Hi @Jdonks & @Richard,

Please see the below formula that I use for DOUBLE YOUR winnings to guarantee a profit on each trade!

Double winnings as cash = (Bookie Back odds – 1) x 2 + 1 =

Double winnings as a bonus bet = (Bookie Back odds – 1) x 0.7 + Bookie Back Odds =

This will Guarantee you profit either outcome .
Always back the outsider!

GOOD LUCK!

[jdonks]

#4326

Thanks Richard and Gavin for the response.

Thanks for the formula’s Gavin, I’ve used them in the past but for these “if the player does something” bets I was t sure to use them. If you backed and layed a team using the formula and the player didn’t achieve what he needed to and the team you backed won then would you have overlaid and will actually lose money?

[mjcholeyd]

#4327

Does it work if you also use the probability of “the player does something”? Today (Sat 5) BetEasy double winnings if Chris Lynn hits 3+ sixes and TAB are paying $3 for Lynn to hit 3+ sixes so the
formula should be

Double winnings(bonus bet) if Lynn hits 3+ sixes = (1/3)x(Bookie Back odds – 1)x0.7 + Bookie Back Odds

If he doesn’t hit 3+ sixes you still lose but not as much.

[GavinsMB2018]

#4328

Hi Chris,

I see what you getting at here but why not rather place 2 separate bets?

Using the formula above for both TAB and BetEasy separately?

Or wont this work?

Cheers.

[GavinsMB2018]

#4330

Sorry not Chris but rather @mjcholeyd.

Apologies

[mjcholeyd]

#4331

Hi GavinsMB2018,

I’m not sure I follow what you mean. I don’t quite understand which 2 bets. I was just using TAB to
estimate the probability of Lynn hitting 3+ sixes. I couldn’t find a market for Lynn to hit <3 sixes
to cover not getting the bonus.

Cheers

mjc

[GavinsMB2018]

#4332

Ok I understand what you are trying to say now.

You basically trying to hedge your bets!

What I do is I lock in a guaranteed profit on each DOUBLE your winnings offer as per above!

Good luck!

Cheers

[Dickie12]

#4336

I am sorry, But I don’t get this. I do not see a guaranteed profit. It seems like a gamble, which is not what matched betting is about and unlike horse racing bonus bet deals the qualifying losses are likely to be higher and more frequent. For example,

Yesterdays Strikers V Sixers match. Sixers were 2.25 for the win, with double winnings if Henriques scored 40 or more.

Based on above, if I put $30 on sixers and used formula to get 3.8 calculating the lay bet 48.93 at 2.38 for a 67.52 liability, I would have have won $37.5 with the bookie and lost 67.52 at the exchange, meaning a $30.02 loss? (Sixers won and Henriques failed to get us double winnings)

Have I got this all wrong? If so, could someone point me in the right direction?

[mjcholeyd]

#4341

Hi Dickie12,

You are correct. With these “conditional” double winnings I don’t think you can
guarantee profit. If you can get an estimate of the probability of the “condition”
then by matching the average double winnings payout to a typical match bet, you
will lose less and make profit in the long run. I don’t have the numbers for the
Strikers Sixers match but for the Heat Scorchers match if Lynn hit 3+ sixes then
BetEasy would double winnings. Estimate of Probability for Lynn to hit 3+ sixes
was 1/3 (since TAB were paying $3 for Lynn to hit 3 sixes). So if BetEasy are paying
$2.2 for a Heat win you would match your Scorchers bet so that you get

(BetEasy Stake)*[(1/3)x(2.2 – 1)x0.7 + 2.2].

If you do the maximum BetEasy stake then if Lynn doesn’t hit 3+ sixes you will lose
~$8. If you matched to

(BetEasy Stake)*[(2.2 – 1)x0.7 + 2.2]

you would lose ~$24. If a Scorchers win is paying $1.73 you would have a minimum
~$3 profit no matter who wins but Lynn has to hit 3+ sixes.

I am always happy to be shown the faults of my thinking.

[GavinsMB2018]

#4342

@mjchleyd, it seems you are correct here!

I never took into account the extra variable being where a certain event has to take place for the trigger to happen.

Seems like BetEasy was losing alot on the DOUBLE your winnings offers!

Well spotted and thanks!

Cheers.

[Author]

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