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Here is a piece of information that many of you have probably noticed. But if you aren't that much into betting on sports, you might not know about it.
If you bet on football/soccer, you know that there is a type of bet called Double Chance. In such a selection two outcomes of the match result in a win of your bet.

Take a look at the picture below.

https://talkimg.com/images/2023/11/12/zaE92.jpeg

A Double Chance on Benevento win/draw pays 1.69. Just above that selection, you can place an Asian Handicap bet +0.5 on Benevento. That is the exact same bet, the bookies just call it differently. The AH +0.50 bet is valued at 1.76 compared to 1.69 for the exact same bet. If you place an AH +0.50 bet on Benevento and the match ends in a draw - you win. If Benevento wins - you win. If Benevento losses - you loss, same as with the Double Chance bet.

The bookies often use these kind of tricks. Here is another one for different bets.

https://talkimg.com/images/2023/11/12/zasac.jpeg

A Draw No Bet means that if the team you bet on draws the match, your bet wont be lost. It will be voided, and you will get your stake money back. If the team you bet on wins, you also win your bet. In the screenshot you can see that a Genoa Draw No Bet has an odd of 1.88. A few lines above, you can play an 0 Asian handicap on Genoa, which is the same type of bet, but the odds are slightly higher. 1.93 compared to 1.88. If the AH 0 match ends in a draw - you bet is voided. If your team wins - you win, and you lose your money of course if the opposition wins.


I have seen other types betting options that bookies use where you can bet on the same outcome, they just call it differently and offer higher-lower odds. Share your own examples of what you have discovered on different platforms while gambling on sports. 

yeah, Asian Handicap offers better odds than DB, i guess it has to do with the higher vig in Double Chance and DNB. But here's another example of this "phenomenon"

https://i.ibb.co/FhznfGn/FJ.png
(from Fortunejack)

First one is Double Chance (Home Win or Away Win), second one is the exact same thing but with a different name  ::) Would like to know if this happens in other sports like basketball, hockey, NFL, etc

I havent seen this double instance but there is sometimes such a multitude of bets possible that some are over looked and much better value then others.  I often see different odds for the same game in different places, can be quite tempting to try and balance the bias between different books in a rough arbitrage.   Wording will vary and popularity and maybe even the layout of the site can alter who finds the bet and it ends up with different odds.    Depending on whether I want to use up or spend a balance in one place, I might be more tempted to make use of the variety of types of bet possible in one place; also I'd argue crypto itself has an influence on the flow of cash vs dollar bets etc.

There are actually too many kinds of odds in a single match and in different sports. Oddsmakers are giving all kinds of odds to sports bettors to let them bet in whichever way they want, but most of all to let them bet more. Sometimes, I even find some of these odds unreasonable such as the odd/even odds in basketball scores. These odds make sports betting highly similar to luck-based casino games.


Most probably not as different sports have different rules. As far as I can remember, I haven't encountered DC in basketball games, only DNB but offered per quarter as there is no draw in basketball matches unlike in football.


Those are not exactly the same bets. Betting +0.5 AH on Benevento is riskier or has a lower chance of winning than betting on DC draw/Benevento, thus the higher odds.

AFAIK, the odds are not made up by the bookies. It is dynamic and depends on how much people are betting on opposing bets. The bookies just keeps a margin. It's like the house edge on gambling site. They have a fixed profit margin.
The difference here is mainly due to people betting different amounts and differently in handicapped and no draw matches.

Different markets different margins. Easy money for the bookies.
Inexperienced players will almost always choose the Home win in a 3-way market instead of the -0.5 asian line.
At least you need to know what Asian Handicap means before placing a bet on it right.

Asians are typically 2-5% less margin.

It's a reason why bookies list Home Draw Away,and the other sucker bets, on top and not the AH

That's why the odds are different, I don't normally bet on that as personally as a gambler, I don't want my bet to be refund because of a "push" result or something. It's not attractive to actually, I want to lose or win, that's the only options I consider now as a gambler.

But thanks for sharing anyway, this is indeed very helpful especially for the newbies in sports betting, but for those who have an experience, we have been seeing this in a day to day basis.

It's a mix of both, I believe, with bookies getting the odds from providers (there already the discrepancies exist) and then their own margins and real-time stats of what's being placed on the market adjusts. Personal experience, you get the best odds on AH, but it's always worth checking a few seconds more to get better odds. On parlays, you'd be surprised what a big difference it makes.

Correct me if I am wrong but the bet means that you will win double more or less? This is a brilliant strategy for the bookies to earn more from individual players, I said that it is brilliant because in default bookies already earn with the normal one odds bet. On the player side though, this is a dangerous water to be treading in because this is a double or nothing for you and most winning/favored teams are low odds which means that even if you win, the profit margin from the original bet is not that high.

No, there's no double win under what OP has demonstrated. If you look at the odds highlighted, it's only 1. something, there's no 3 which means double, and no bookies would give both sides a win for bettors, only one side will win regardless of the odds offered.

Thank you for the clarification, it confuses me when OP said in the title that bookies offer different odds for the same bet. From what I have understood, does that mean that one bet has two choices of odds to bet from am I right? Thank you for answering my question.

Draw no Bet wagers are possible in basketball matches as well. However I have not seen Asian handicap lines like those we see in football.

How is it different considering the outcome of the match? If Benevento wins or draws the match, you win your bet. If Benevento losses, you loss both bets. How are you chances bigger or smaller?

The Draw no Bet and 0 Asian handicap will both be voided if the match ends in a draw. Your answer offers no insights to why the odds are different. You speak about personal preferences.

They offer two kind of bets but you are betting on the same outcome. Take a look at my screenshots. If you make a 1X bet on a team that is the same as if you made a +0.5 AH bet on the same team. Your bet will be won if home team wins or draws the match. That's the point here. Same outcome - different wording - different odds.

Interesting. The "Double Chance" sounds easy. ... Is it or no? I wonder if it has higher chances of winning (as the name seems to suggest?).
Is that a favorite choice for bettors? or perhaps is not that common or not evryone is aware that such option exist?

The double chance has a higher probability to go in your favor since you are betting on two out of three outcomes. But the odds are also much lower compared to a straight bet. It is hard to say if it it is a good choice or not. It depends on the person. Do you like bigger risks and greater rewards, or do you prefer a safer bet. Everyone is different.

The odds would eventually change according to the bets made by the gamblers. So even if there are two sets of betting options which are more or less the same, the actual odds may not necessarily be the same.

Sometimes betting options are offering different odds that at first glance they look very different. But if you ponder on them a little deeper they are basically the same.

In a mathematical way Double Chance has more probability to be a win compared to a single money line bet.Double chance is 66% possibility to win and single money line is 33% which is clear which bet has more possibilities to win.It sounds easy but surprises always happen in soccer and you can lose a double chance bet easily.It is not an option bettors like because of the low odds it has compared to money lines.

Are you sure about that?  where did you get that information?
Your 2nd example on "Genoa" bet, I think that is wrong, if you bet on the Asian Handicap, the game ended a draw, that means you lose your bet.
However, if you bet on Genoa (Draw no bet), that simply means you don't lose if the game ended up in a draw and you win when Genoa wins the game.

They are not the same, as you can see the odds for the asian handicap offers a highers odds because it's chances of winning is lesser compared to the Genoa (Draw no bet). I think your explanation is wrong..Both of your example are wrong IMO.

Yes this one might, but check my reply above and kindly rebut on that.

No, that is not accurate. That is not how the 0 Asian Handicap works. Your stake money is refunded if the match ends in a draw. Same as with the Draw no Bet wager.

Here is a table with all AH bets you can make. https://www.betshoot.com/betting-guides/asian-handicap-betting/
On the top you can see the 0 AH bet. Check the 2nd line. If the match ends in a draw, your stake is returned. You don't lose your bet. You only lose if the opposition team wins. That makes it the same type of bet as Draw No bet. 

Thanks for educating me about this soccer bet, I don't usually put my bet on this game so I'm not so educated with it.
I'm a usual customer for basketball, both local and NBA games, and there's a choices that made me confuse before, was expecting that I made it but didn't

For example,.  I bet on -3 on a certain team, and the game went into OT, but after the game my bet covered, but I was wrong because the game does not include the OT only the regular minutes only and they have not written it, so now, I only bet on game where there's words "including overtime" so I will not make the same mistake again.

But I know it's different since there's no draw in NBA compared to soccer, but sometimes odds are quite confusing if you don't read the rules enough.

It's not a bug, from what i've noticed some bookies have a fixed vigorish or margin on certain markets that's why the odds aren't the same and not all matches have the same handicaps.

They won't lose that much even with that big of a difference since there's usually a max profit limit.

Interesting. Is it a new thing in betting world? I guess I have seen a post on similar option (double chance or something) but I thought It was too easy and didn't consider it too much.

I actually prefer a safe bet. The risk has to little or zero before I can put In something above "small bets". That is basically what I do during crypto trading.  If it's bet I have little to no skills for I would bet with small amount.











In regards to the low odd, I guess why bettors don't choose Double Chance or the one with high probability to be a win is because their odds are low? And the low odds donot give much profit, right?

The reason for these different odds is the number of possible outcomes. If you just have two possible outcomes, it's way easier to balance your book and thus you can have lower vig and better odds consequently. And accept bigger stakes also ;)

That second screenshot with Genoa/Torino match has only two possible outcomes for both bets, but here I think, that the calculation is just done differently. For the AH0 bet, they just use their normal AH compiling, while for the DNB they take the 1X2 odds and go on from there, but not sure.

If you are really ambitious, you shouldn't take any DC "straight" bets on offer though, but make your own ones :) Take the Genoa vs Torino match again and you have these double chance odds (all screenhots taken from Sportsbet (https://sportsbet.io/sports/event/soccer/italy/serie-a/genoa-cfc-torino-fc-5f8d5ca9e7cd37bdbfb4509e))

https://i.imgur.com/NVzpLSh.png

Here are the 1X2 odds:

https://i.imgur.com/PtXSewq.png

Now I put my stake as the following (lets assume, I want to bet 100 units):

56.78 units on away win @2.55
43.22 units on the draw @3.35

Et voilá I have odds of @1.4479 and not @1.43 as SB offers me for using their pre-build double chance. There are tools to calculate your stakes or you just make your own in Excel in 1 minute. With 10sec of extra work, you will then win additional 1.4479 units, if you win your bet :)

For AH bets this usually doesn't work out, because you are using the 1X2 odds to build it and have this bigger vig there already. If I construct my own AH0 bet on Genoa for example with the 1X2 bets, I only get @1.9642, while SB offers me 2.02 for this bet in their AH markets already.

---

There is/was an austrian bookmaker, who actually refunded only 90% of AH0 bets, if the game ended in a draw. Complete rip-off, but not sure, if they are still doing it.

Just new to this "Double Chance" betting option because usually, most bookies offer only a DRAW stance. And it regards to refund system, I don't think that they refund the whole amount you bet if ever the result is DRAW.

I've found simple calculations in regard to this situation

https://www.pinnacle.com/en/betting-articles/Betting-Strategy/How-to-Calculate-Double-Chance-stakes-and-odds/7RX2XRRAWGLBXD8V

I've found this very helpful and have it made easy as some examples make clear to understand. I hope this will help others as well.

Consider any bet you make on sports to be valid only during regular time, unless it is stated otherwise. But it depends from bookie to bookie. The fiat bookies I use usually cover only the regular time, not OT. I just took a look at Sportsbet.io and their basketball bets cover overtime. Match outcome, Handicaps, Total Points - all these bets include OT.

FortuneJack on the hand, doesn't. The 1x2 bets are only valid for regular time. The Spread and Total Points wagers don't mention any more details so I consider those to be for regular time only as well.

I am interested how you made those calculations. Can you tell me more about that?

I haven't heard about that. I know two Austrian bookies: Admiral and Cashpoint. There is also bet-at-home but I believe they are from Germany.

The formulas are:

Odds away win*TotalStake / (Odds away win + Odds draw)
Odds draw*TotalStake / (Odds away win + Odds draw)

So your stake for draw: 2.55*100/(2.55+3.35) = 43.22
For away win: 3.35*100/(2.55+3.35) = 56.78

I used an online calculator though, which you can find just via googling, for example this one (https://www.betburger.com/surebet-calculator). Just put in the odds and you will see.


This said bookie was/is Interwetten. B-a-h is austrian bookie also, they have big betting industry in Austria. Intertops, Wetten-Schwechat, bwin is austrian as well imo and gazillions more, though some of them have disappeared in the last years ;)

@tyKiwanuka
I suck at math so I didn't figure out at first how to use the bet calculator you linked. But it seems you only need to add the 2.55 and 3.35 odds under W1 and W2 and the calculator does everything else. Did you change any other settings? 

The Rev. says 44.79 so that is where you got those 1.4479 odds from.

Thanks for useful information! I've seen these variations of the bets and understood double chance and such, but I did not look into what Asian handicap is and how it's counted, so I'm surprised that it's the same bet with a different name and odds. But, to be honest, I still find the Asian handicap confusing (I read a bit more about it, but it's not something easy to remember and grasp, unlike the names of the bets that summarize how they work with words).
As for the reason the odds are different, the way I understand it is that the odds are adjusted (https://www.cheekypunter.com/faq/how-do-bookmakers-set-their-odds/) based on how people place their bets (to ensure the sportsbook is in profit anyway), and perhaps people often bet on handicap differently than on those other equivalent bets (because it's different kinds of people with different background on average or something like this).

No, I just put the odds in. You can do a lot with the calculator I linked, there are easier ones and I normally use this (https://www.wettforum.info/systemwettenrechner), but it's with german language. If you scroll down a bit to "Einsatzverteilung", you have the same calculator, but a bit more easy to use.

https://i.imgur.com/PymDKcA.png
Source: https://www.wettforum.info/systemwettenrechner

You just put in your stake and the odds (green) and then get the optimal stakes for the two bets (blue) and your total odds (red).

If you tick the box for the draw.....

https://i.imgur.com/BN3ODAJ.png
Source: https://www.wettforum.info/systemwettenrechner

....you then have created your own AH0 with the 1X2 odds (but as said, most of the time not worth it). You can also make an AH with getting your money back for Torino win and getting paid out in case of a draw - just tick the box above then:

https://i.imgur.com/b5jbrWg.png
Source: https://www.wettforum.info/systemwettenrechner

You can also choose more outcomes for outright bets or whatever, like for example you want to bet on either Leicester/ManU/Arsenal winning the EPL title, you can then get your optimal stake to win the same amount with each bet. Lots of things to play around with ;D

@kryptqnick

Asian handicaps sounded difficult to understand for me as well the first time I saw them. But once you figure them out, they aren't. What is so special about these lines is that the bookies offer you a way to get the whole, or 50% of your stake bet. Or, you win the entire bet, or just 50% of it. With regular 1x2 betting you either win or lose, that is it.

Here are a few basics:

The 0 AH
This is basically the same as Draw No Bet. If the team wins - you win your bet. In case of a draw, your stake is returned. You lose if your selection losses.

The -0.5 AH
This is the same as if you bet on a team to win the match, only the odds are different. So if you place a -0.5 AH on Barcelona, it means you are betting on them to win.

The -0.75 AH
This is where it gets a bit more complicated. You are actually placing two bets here. The first one is that the team will win by 2 or more goals difference. The 2nd bet is that they will win with 1 goal difference. For all other outcomes you will lose your bet.
To win the entire line, your selection must win with 2 or more goals difference. if the team wins by only 1 goal difference, you lose the first part of your bet, but you win the 2nd part.

An easy example:
You place an -0.75 AH on Barcelona. Your stake = $100. The odds are 2.0.
If Barca wins 2:0 or more, your bet wins and will return you $200. Profit: $100
If Barca wins 1:0, you win only $150. Profit: $50.
Just deduct 50% of the profits and that is what you will win.

The -0.25 AH
In this kind of line, you can win, lose half your stake, or lose the entire stake. If the team you bet on wins, you also win. If the team draws, you lose half your stake and the other half is returned to you. If the team losses, you also lose your stake.

The -1 AH
In this bet your team HAS to win by 2+ goals difference for you to profit. But if the team wins by 1 goal difference - your stake will be returned and bet voided. Compared to the -0.75 AH, you don't make any profit in this scenario. If the team draws or losses, you lose your wager as well.

---

Those are the -AH bets. There are also +AH bets. You place these on the underdogs.
 
The +0.5 AH
I mentioned this line in the OP. It's the same as the Double Chance (1x/x2/12) bets.

The +0.75 AH
Depending on the outcome of the match, this bet can have 4 different results and returns. If the team wins or draws the match, your bet also wins. If the team losses by 1 goal difference, you lose 50% of your stake. The other 50% is returned to you. If the team losses by 2+ goals difference, you lose your entire stake.

The +0.25 AH
To fully win on this line, your team must win. if your team draws, you only win half of your bet and half of the possible profit (remember the Barcelona example I mentioned above). In case of a loss, you also lose your bet.


This post hurt my fingers ;D

Thanks for taking the time and writing such a lengthy explanation of AH. Now that I've read your explanation, this kind of betting actually sounds pretty attractive because it accounts for nuanced choices that other bets don't always offer. And if the odds make AH bets more profitable on average than analogous bets, it's worth it to learn how it's done and try it out.  ;D
I'll look at this post before betting, and after some time I'll probably remember all the options and numbers associated with them.

Depending on the type of Asian Handicap, it can be either a safer bet or a more risky one. The odds will depend on that risk exposure. For example, the -0.75 AH will always have higher odds compared to a regular bet on the same team. That is because your selection needs to win by two goals difference for you to fully cover the line. A standard bet pays the same odds, whether your team wins by 1 or 4 goals difference.

In contrast to that, the 0 AH will have lower odds compared to a bet on a straight win. That is because the bookie returns your money in case of a draw. If a match you bet on ends in a loss, you loss your stake.

That is very interesting, I didn't know that about that. I am not an expert on sport betting but are we able to take advantage of the difference in the same bet? Just by looking at your example it seems that payouts are too small to tailor make a bet for us that is almost risk free. But theoretically if there is the same bet with different odds we should be ablle to combine them with an extra profit for us at the same levell of risks.

Are you taking about some arbitrage betting opportunity? Very unlikely. I have never seen huge differences between the odds. They are usually minimal. I don't think you will ever find a Draw no Bet on one bookie being 1.40 and a corresponding AH 0 line 2.10, or something like that, elsewhere that you could take advantage of.

There might be different odds for the same types of bet but I don't think such differences are minimal. To my opinion they are to minimal that would influence your chances significantly and that you could actually take advantage of it no matter the small risk. Personally so far I haven't run into something like this.

Isn't it normal that you often see the same odds and matches? Per minute on a busy day there are maybe 400 matches going on at the same time that you can bet on in all kinds of sports. does not seem to me that every company has a person of that competition in the stadium.

@perla
What are you talking about? Check the first post and the comments by other users to understand what this thread is all about.
It has nothing to do with the sheer number of sports events on a given day or whatever it is that you are trying to say. 

This is actually good for the first time I had an idea about a double chance bet , I actually don't engage in sport betting too much but for the starters I did search about the double chance bet.

For example you have 3 outcomes , this allows you to take a chance for 2 sides in just one bet. I do believe that it's actually a good idea , for a person like me it would mean the chances of me loosing are literally reduced and at the same time it's being used now a days .

Thank you for sharing this topic , I leaned something new today regarding the sports betting.

I would try and find sites offering double chance betting.

Actually this happens a lot more than people believe specially in e-sports markets like the odds for a team to win 2-0 would be 2.5 while the odds for the same team to win match by handicap -1.5 would be different sometimes like 2.3 and sometimes 2.7 so this actually happens and I always check all markets to get the best odds before making a bet.

Actually this happens because of the low liquidity of the market like more bets placed on a particular market makes the odds more firm while lesser bets on the other market keep it different.

I never saw such odds discrepancy within the same event in big matches like French open final or any significant tennis game. I used to think this happens only in e-sports but surprised this also happens in soccer and other events as well.

That is not going to be a problem. They are available by most respected bookies. I would be surprised if you manage to find sites that don't have double-chance betting.

@jostorres
I have never done any betting on esports, but good to know that such differences happen there as well. I keep finding more interesting odds variations. In one match that I followed live a few days ago, it was possible to make a live bet if the home team would win the match.

The bookie asks: Will Team A win the match? Two possible outcomes only - Yes and NO.
The odds of YES were at times a little higher than a straight bet on that team to win the match. 

Wow. I thought that with modern actuarial science these sort of redundant bets/occurrences would be eliminated altogether. Guess I was wrong...

It would be interesting to see the sportsbook's logic behind having these divergent odds. If it is merely for marketing purposes then I would say it is borderline questionable from a reputation standpoint as it takes advantage of the average retail bettor's inability to process the implications of these events & odds.

But if it's because of some sort of error, then there could arise arbitrage opportunities given the odds gaps are high enough - so definitely be on the lookout on those.

This is not for marketing purpose, this is just a way to confuse bettors and whatever odds you'll choose, you are still not ensuring the advantage, it's just a normal odds that they offer, bettors have to be smart to choose the best odds in the many being offered.

Maybe that's true. When there is difference in the odds on different gambling website the gamblers will get into confusion on picking the right odd as well as the right gambling website. The difference between odds on different gambling websites won't be big. It'll be very minimal, so it is good to go with the right website than the odds.

Good catch and I have seen similar things a lot of times like when I was betting on counter strike some days ago there was odds like 1.8 on maps over 1.5 and 1 map was already over while the odds on losing team to win the second map was 1.6 or something.

You can also see it happens a lot in e-sports here in League of legends too:
https://i.imgur.com/qn9kCrF.png

It is the same market technically but the odds are slightly different and that is because of the number of bets being placed on these markets make them more close and since these markets are not as popular so there is a slight change in odds.

No I disagree with that, I found exactly the same gap earlier between an 1x2 winner bet and an Asian Handicap bet of -0.5, on the same bookmaker as you as I understand(ie Stake). Why it would be always the same gap of 0.05 if it was just a matter of bets placed number (it's not a parimutuel bookmaker) ?

https://i.ibb.co/PQv5NW3/ashandicap.jpg

 

I bet almost only on double chance because they are by far the most profitable bets if you choose the right matches. I have bet whole normal years and rarely achieved a win rate of 50% (mostly somewhere between 35-45%). Now I use almost only double chance bets and my win rate increased to 52-58%, which with the right money management strategy has made me profitable in the medium and long term. Although I have recommended this strategy again and again here, it is generally a mystery to me why so few bettors know about it.

I don't think the reason why it's not popular is because players don't know about it, it's because the odds are low. Especially if you are betting on the favourites. If the odds of the home team to win are 2.00 for example, you are looking at double chance odds of 1.20-1.25. If the home team odds are even lower (1.40-1.50), the double chance is around 1.10. Odds like that aren't particularly attractive to most players because they want to profit as much as possible by staking as little as possible. 

I found several outcomes in several markets meaning the same thing or almost the same thing with different odds for the Grand Prix Formula one of today (Austrian Grand Prix 2021)

Max Verstappen is dutch and the only dutch of the race, he's in pole position on the grid this afternoon, if he wins the race he will win his H2H and be the first of this group a fortiori.
Sergio Perez is the only mexican of the race, he will start at the tird position of the grid, if he wins the race he will also necessarily win the H2H and finish first of any group.


https://i.ibb.co/GT77TCg/Verstappen-Vs-Perez.png

I don't follow Formula One so I can't comment on the individual markets and what exactly they mean. I will have to trust that your analysis is correct because I don't see a reason you would post this and not tell the truth.

But just for the record, is there a theoretical chance that a driver can win his Head-2-Head without winning the race? Similarly, can someone win a race without winning the Head-2-Head.

You can win the head to head without winning the race as there are times where drivers struggle and crash on certain circuits but for the other scenario no, once you win the race you'll never lose the head to head no matter what because you're getting the fastest time.

---

I also found a few markets on EURO where odds are slightly different on Italy to win.

https://i.imgur.com/NnXwohB.png

https://i.imgur.com/Djvbx8v.png

https://i.imgur.com/rzttiOy.png

That's an interesting find. Three different markets and odds for basically the same thing. Italy has to qualify to reach the finals, and if they do qualify for the finals, they will finish in either the first or second spot.

These are odds are from Stake, am I right? I sometimes confuse Stake with Wolf.bet, but Wolf.bet's layout is all blue if I am not mistaken.

Good one and I think there are different odds all the time on goals too. I mean if you carefully observe the market "Next goal" and see the option None then the odds will be lower compared to what you get if you bet on under that many goals. Concretely, if you bet on No 1st goal you will get lower odds than you would get on betting under 0.5 goals.

I always check for the best possible odds and then place my bets because not just soccer, tennis (in tennis you get different odds on the exact score and under/overs) it happens in esports betting as well.

Player to win 6-4 in tennis, if he is leading 5-4 would be different than betting on under 10.5 so be careful and pick the best odds.

Yes you're right if Verstappen had finished 2nd and Sergio Perez 3rd for example, Verstappen would have won his H2H against Perez without winning the race. But no you can't win the race without winning all H2H possible.

But if you look closely my picture you will see that the biggest odds for Verstappen were for being the best of the group Verstappen-Hamilton-Perez-Bottas thus if you want to bet on the Verstappen victory it was the more interesting market. Then I think there could have been odds higher on H2H markets than on race victory markets (while when a pilot win the race he necessarily wins all his H2H). It's not the same thing but it can be more profitable anyway.
I will try to find some of them at the next Grand Prix.

It's better to post pictures like everyone is doing.

Here is an example of two different bets on a live football match that mean the same thing but have different odds.

https://talkimg.com/images/2023/11/12/z2FVI.jpeg

The X2 double chance pays 3.46. To win the bet, your team has to win or draw the match.
The Home team to win - No pays 3.57. With this bet, you are betting on a draw or away team win (which is the same outcome as the X2 bet).

I am a bit confused with this one because as you have said, they both have the same meaning but why do they put it there? Probably because they want to try and make the choice of odds and conditions for other players much more varied and interesting.

Bump

Those kind of betting line, we have seen that a lot in other sports like in boxing, if you bet in full time or money line category, they have slight difference with odds, but if you are betting on the same boxer, what difference does it make, right? I'll give one example here, which is popular in boxing discussion because it is an upcoming fight of Pacquiao-Spence.
If you are betting on Pacquiao, you will consider the higher odds. But with full time, there is an option to bet on draw, however, under money line, either Pacquiao or Spence only. Just like what you've given as example above, when you are talking about full time, there's option for those who want to bet on draw. But if you are betting on either team or boxer, the draw option doesn't matter to you. So just choose where you feel the odds are at your advantage.
https://i.postimg.cc/gjTHhmgN/Screen-Shot-2021-08-08-at-6-43-50-PM.png

I am not exactly sure how the rules for boxing are and if there is a possibility that the fight goes into an extra round in case the umpires call it a draw.

But in sports like basketball, the full-time and money line are different bets.
Let me give you an example. If you place a full time bet on the home team to win and the match ends in a draw, you lose your bet.
If you place a money line on the same event and the match ends in a draw, you don't lose your bet. Since the match will go into overtime (there has to be a winner in basketball matches), your bet will be valid for the overtime as well. That's why the money line in sports such as basketball or ice hockey is always lower compared to a wager on the full-time result. 

Here is another examples of a sportsbook that offers different odds for the same outcome of the match. This time its Betja.com for the Europa League match PSV Eindhoven - AS Monaco.

The odds on a home win on the 1/X/2 markets is 1.90.
If you place a bet on the Asian Handicap -0.5 market, you are betting on the same outcome but for higher odds of 1.95.

https://talkimg.com/images/2023/11/12/tx9Jd.jpeg

While you may have noticed a genuine discrepancy, I don't think it is particularly favorable to the person who is placing the bet. You'll often find that bookmakers will simply throw odds out there if they think there is a profit to be made from statistical analysis and simply tack on an extra margin of safety if they have less information on a certain type of bet. You also need to be wary of very small differences ("the fine print") between types of bet, for instance certain bookmakers will offer odds on bets within 90 minutes of a soccer match and others would be offering until the game ends (overtime + possibly penalties), if you're not paying attention in those situations it can cause some costly mistakes.

It is important to read the fine print as you said or the betting terms to know exactly what it is that you are betting on. In my experience, most of the bookmakers I have played on offer markets only for the regular 90 minutes of play. If the odds are for potential overtime as well, it's usually written above or below that particular market. Sometimes it's in brackets in small letters.

If you are a big-time player, that difference between 1.90 and 1.95 can mean a lot.

One more example from this morning where we can bet with different odds on different markets that have the same outcome.

The match is Empoli - Genoa. For this match you can bet on:

• An AH +0.5 bet on Genoa at 1.78.
• A double chance (X2) on Genoa at 1.72.

Take a look.

https://talkimg.com/images/2023/11/12/tx4qg.jpeg
https://talkimg.com/images/2023/11/12/tx7MI.jpeg

this actually happens a lot more than people believe specially in e-sports markets like the odds for a team to win 2-0 would be 2.5 while the odds for the same team to win match by handicap -1.5 would be different sometimes like 2.3 and sometimes 2.7 so this actually happens and I always check all markets to get the best odds before making a bet.
Well this topic has taught me some thing new in sports betting so thanks for that.

Maybe this can be explained by the fact that the Asian betting market is less liquid and in order to attract liquidity there the bookmaker gives slightly better odds? Quite an interesting question, since on the one hand the difference in odds is insignificant, but in percentage it is 2% - and this is a serious value relative to the bookmaker's margin, which is 4-6%.

I don't play around with e-sports since I don't know anything about it. But if what you are saying is true and it's a common occurrence, there might be some possibilities to take advantage of the odds difference.

Possibly, yes. I am sure that many people who even bet regularly don't know how Asian Handicap betting works, so they avoid it. Given a choice between a full-time bet and a -0.5 AH, many would probably put their money on the full-time result without thinking further.   

This is very interesting.

I'm just curious though: how often do these opportunities come up, and how wide are the margins usually?

Would you recommend seeking out these odds discrepancies for someone who is just a retail sportsbettor who wants to maximize their profits? Or is it a waste of time to look through that deeply?

This is some thing which i found new. I am doing sports betting since years but I never spotted this thing and now i see here. It is a very good point of knowledge actually and would really like to thank the op for creating this topic and letting us know about it.I can really make some changes in the way i bet and look for these kinds of opportunity.

I'm surprised that you haven't seen this scenario come up from time to time as a lot of bookies commonly do these with their pre-live lines.

These odds differential happen very often, it's easier to spot when your bookie lines up all the markets for you. Here's an example from one of the World Cup qualifiers later today.

https://i.imgur.com/zbaRv0d.png
https://i.imgur.com/XonY4n6.png

They are present in almost all football matches worldwide. Just open any of them and compare the full-time odds to the Asian Handicap lines and you will see. But not just that, there are other things you can notice. For example, if a match is a draw at the end of the first half, bookies will offer you live bets for the full-time result and the winner of the 2nd half. I have seen the odds being different here as well, even though the outcome is the same. If the first half ends with a draw, and you bet on the away team to win the 2nd half, it's exactly the same as if you were to bet on the away team to win in full-time. But the odds are different.

If your stakes are a few $/€, it really doesn't matter that much if the odds are 2.02 or 2.05 for example. But if you are a highroller and risktaker who bets with thousands of dollars per match, it's a different story.   

This opportunity never came up to me either and to be honest, I didn't expect that this chance exists. If this scenario would come, I would love to try and experience it as well but of course, I still consider the fact that it would still be too risky. Sometimes grabbing new chances make things more exciting.

Thank you for this information. I commend you for putting an image for those visual learners out there lurking around the forum. This would be of great help most especially to those who are unaware about this.

Based on my observation, double chance has the higher probability of winning because you can place your bet on two different possible winning results. This appears to be a game of chances but with the greater odds of winning. Although this is still harder compared to the usual traditional and straight betting alone because of multiple choices. But the opportunity could be utilized anyway. I believe this type is something that is still in favor of the house because this just urges the players to bet more for hopes of higher chances of winning. Spending more bucks in exchange for trying to win the bet is what most people do, most especially those who are obsessed in winning. Little did they know that collectively, they are doing the house a favor for playing in accordance to what they predicted. But it's still the players discretion anyway, it's their money at the end of the day.

Correct. A football match can end in three different ways. A double-chance bet covers two possible outcomes.
 
I don't follow the logic to be honest. The 1X double-chance bet, for example, is a winning one if the match ends with a home win but also with a draw. If you aren't sure that the home team will win, you increase your chances by betting on the draw as well with greatly lower payouts. It can only help you and can't make it harder. 

A greater chance to win equals to lower odds. To compensate for that, many will increase their stake, so you are right about that. 

I wonder if it is really possible to find such anomalies (within the same bookmaker) on the basis of which it is possible to place bets where the player has an advantage? I know that such situations arise if you analyze different bookmakers, but within one it is hardly realistic, since the anomalies are much lower than the margin.

It's definitely interesting to see so many examples of this going on and I would have expected these to be much closer. It makes me think there is room for arbitrage if you have an automated system that is able to spot and instantly take advantage of such mispricing. If you're able to identify these over a long term then it will narrow the margin of profit that the house is able to take from you and that little buffer could be the difference between being a winner or loser. I suspect that football is much more open to this type because it has many more people watching it around the world and the other sports you mentioned have much smaller followings in comparison.

All the examples I posted show odds for different markets from the same bookmaker. Right now as I am writing this, I am looking at the Luxembourg - Rep. of Ireland football match and the -0.5 AH on Ireland is 1.97. At the same time the full-time market odds for an away win on Ireland is 2.06. As you can see, that's quite a difference.

Most of the time long term strategies that guarantee you profits don't work in this space since 99% you'll get limited once the bookie realizes that you're a winner (books dont like winners) or that your account is showing signs (like stake amounts or betting patterns) of arbing. Plus, arbitrage takes a lot of effort, time and resources nowadays since bookmakers are one step ahead of you and yours bots/system all the time so i wouldn't recommend it, tbqh

This is a small difference, if converted to percentages, it would be about 2.2%. Usually the bookmaker's margin is 4-6%, so even if we found a way to improve the odds by 2.2 percent, we are still losing to the bookmaker. I think a significant difference will be at least 5 percent, but I doubt that such cases (at least if we consider one bookmaker) happen (well, or let's say they happen regularly).

I often calculate cross bets here, it helps me know how much my winnings are. easy.
https://betmentor.com/bet-calculator