Are there sportsbooks that offer flipped odds?

[Hydrogen]

When Ronda Rousey fought Holly Holm at UFC 193 in 2015. Ronda was a 10 to 1 favorite with Holly Holm being a 10 to 1 underdog.

Many thought Holly Holm would win that fight. But no sportsbooks offered Holly Holm as a betting favorite.

If Holm were offered as a betting favorite, it would open the door to arbitrage gambling. Gamblers would lay big money on Holm as a 10 to 1 underdog. Then lay big money on Ronda as an underdog on books where Holly Holm was offered as a betting favorite. Gamblers would make money no matter which athlete won if both sides could be bet at +plus odds.

In practice it would work like this.

$100 bet on Holly Holm as a 10 to 1 underdog would payout $1,000.
$100 bet on Ronda rousey as a 3 to 1 underdog would payout $300.

This type of gambling is profitable to gamblers no matter which sides wins, which is why it is not common.

It could also mean there might be an opportunity present for those who can consistently and accurately recognize when the odds are wrong and offer opposing numbers.

....

[Zilon]

Gamblers will continue to wager on their favorite team or athlete. So many aren't moved by the odds. Having a favorite opponent most times doesn't determine his winning ability.

Gambling remains a business to the investors and so placing high odds on both opponents will make their game look more like a charity home. High odds will always be given to promising  athlete whom the feel has the potential to credit their accounts.

[ralle14]

With a lot of sportsbook using similar odds providers it's tough to find another sportsbook that offers flipped odds, it's still possible but the odds isn't similar to the example you gave where both sides are above +100.

In another thread i've shared this site called bitodds and everyday they share possible arbitrage bets between crypto sportsbooks. That's one way to start an arbitrage opportunity if someone out there is interested but a bit risky since some of the sportsbook are against arbitrage betting.

[Kittygalore]

You said that it is profitable for the bettors no matter which side in your OP, then why are you asking people if there is a sportsbook that offers something that will make them lose their money then? I mean the chances that there is one is really low in my opinion because business wise this kind of odds flipping is the reverse of making profit. Maybe Mr. Beast offers those kind of thing because he gives away free money which is basically the same as flipped odds.

[swogerino]

When Ronda Rousey fought Holly Holm at UFC 193 in 2015. Ronda was a 10 to 1 favorite with Holly Holm being a 10 to 1 underdog.

Many thought Holly Holm would win that fight. But no sportsbooks offered Holly Holm as a betting favorite.

If Holm were offered as a betting favorite, it would open the door to arbitrage gambling. Gamblers would lay big money on Holm as a 10 to 1 underdog. Then lay big money on Ronda as an underdog on books where Holly Holm was offered as a betting favorite. Gamblers would make money no matter which athlete won if both sides could be bet at +plus odds.

In practice it would work like this.

$100 bet on Holly Holm as a 10 to 1 underdog would payout $1,000.
$100 bet on Ronda rousey as a 3 to 1 underdog would payout $300.

This type of gambling is profitable to gamblers no matter which sides wins, which is why it is not common.

It could also mean there might be an opportunity present for those who can consistently and accurately recognize when the odds are wrong and offer opposing numbers.

....

These cases are rare.I know of people who have their full time job finding these kind of bets which are called arbitrage gambling in which you bet on different providers and no matter the outcome of the event you make money.It takes a lot of resources and patience to make money this way and that is why it is rare.

[slaman29]

I'm really not sure what you're talking about because flipping odds to me just seems like betting against. In which case you just instead of betting $1000 on 1.1x you bet $100 on 10x on a 1x2 market.

OR is there something I'm missing out here?

Arbitrage is very common for sure. You bet early and bet late usually but then you have to understand the sentiment swing.

[ralle14]

I'm really not sure what you're talking about because flipping odds to me just seems like betting against. In which case you just instead of betting $1000 on 1.1x you bet $100 on 10x on a 1x2 market.

OR is there something I'm missing out here?

Arbitrage is very common for sure. You bet early and bet late usually but then you have to understand the sentiment swing.

That's literally what it is, you're just odds shopping on all of the sportsbook you know until you find one that offers above even or plus odds so you'd end up with a profit.

I could be wrong here but flipping odds is just another term for it but still the same meaning since most sportsbooks would never offer those odds unless it's for a promo. You could try in betting exchanges but it's a longshot though.

[Kong Hey Pakboy]

That is pretty good thing in my opinion but are there any business minded sportsbook that will offer that kind of odds knowing that they won't get anything from the bettors because it is mostly favored with the players? Because I believe that flipped odds is like an antithesis of sportsbook.

[Mauser]

In practice it would work like this.

$100 bet on Holly Holm as a 10 to 1 underdog would payout $1,000.
$100 bet on Ronda rousey as a 3 to 1 underdog would payout $300.

This type of gambling is profitable to gamblers no matter which sides wins, which is why it is not common.

But wouldn't the bookmakers go broke like that? I always keep an eye on such bets when placing soccer bets and I never found such a no risk - free profit bet. It might be the case that I am online betting on the big sportsbook website and we need to look at smaller bookmakers. Still, I don't think a bookmaker could survive for long if he would offer such bets. I always thought that the quotes are affected by supply and demand from the bookmaker. Also, wouldn't it be better to make 2 bets with the exact same payout? So you would pay $20 to win $200 and then pay $66 on the other bet to win also $200. With less than $100 you would win free $200.

[ralle14]

That is pretty good thing in my opinion but are there any business minded sportsbook that will offer that kind of odds knowing that they won't get anything from the bettors because it is mostly favored with the players? Because I believe that flipped odds is like an antithesis of sportsbook.

There are sportsbooks that offers odds boost on certain teams but you'll never have it both ways so you'll look for another sportsbook that offers the best odds on the other team. Also having those kind of odds boost encourage more action so it's not a bad idea as long as they put a limit on it to avoid bigger losses.

But wouldn't the bookmakers go broke like that? I always keep an eye on such bets when placing soccer bets and I never found such a no risk - free profit bet. It might be the case that I am online betting on the big sportsbook website and we need to look at smaller bookmakers. Still, I don't think a bookmaker could survive for long if he would offer such bets. I always thought that the quotes are affected by supply and demand from the bookmaker. Also, wouldn't it be better to make 2 bets with the exact same payout? So you would pay $20 to win $200 and then pay $66 on the other bet to win also $200. With less than $100 you would win free $200.

Not really, whenever bookmakers find winning gamblers they could always punish them with the limits.

If there's no rules or max/min limits on the market they're offering then yeah it's better to have both sides on the exact payout to maximize your profit.

[magneto]

You can subscribe to Bitedge's newsletter which has been giving out these arbitrage notifications for a while now.

Although, as soon as these arbitrage opportunities appear, they pretty much disappear within minutes as people rush to take advantage. And when you can take advantage, the limits on bets usually make it not worth your while.

There are some more hidden arbitrage opportunities when it comes to leveraging sportsbook bonuses to get improved odds on certain bets, but these are even rarer. In theory this is a great profit opportunity, but in practice these "flipped odds" almost never come up.

[paxmao]

It is not impossible to find such opportunities, but in practice it would require keeping a good number of accounts open and these would not be on the main services that anyway do check each other frequently. Thus, you would need to have parked money spreaded across minority platforms and then keep a constant eye on these short of "arbitrage" situations which most likely will only last a glimpse. It does not look like an useful strategy and that is not even counting on the house figuring out and banning your.

[Trofo]

These cases are rare.I know of people who have their full time job finding these kind of bets which are called arbitrage gambling in which you bet on different providers and no matter the outcome of the event you make money.It takes a lot of resources and patience to make money this way and that is why it is rare.

And we are talking about few percent of a difference between different bookies, nowhere near as much as in OP example. That kind of arbitrage betting is only profitable for people who can bet huge amounts of money. Otherwise you just loose too much time for small profits.

You can find much bigger odds differences if you are placing one bet a week before the event and next bet just before the event starts. But that is not a sure thing just something you can exploit and it almost never happens. Example, you know that City players have been in contact with covid positive persons and they are playing derby against United in 10 days. You place a double chance bet on United immediately while City is still heavy favorite and then when the news brake out or you final line ups are known and odds shift United way you can hedge your bet and have certain profit.

I am doing bets like that often while live betting on tennis. Odds can shift drastically during the match where two similar players are playing depending on who has the break or even 0:30 on opponents serve.

[tokeweed]

When Ronda Rousey fought Holly Holm at UFC 193 in 2015. Ronda was a 10 to 1 favorite with Holly Holm being a 10 to 1 underdog.

Many thought Holly Holm would win that fight. But no sportsbooks offered Holly Holm as a betting favorite.

If Holm were offered as a betting favorite, it would open the door to arbitrage gambling. Gamblers would lay big money on Holm as a 10 to 1 underdog. Then lay big money on Ronda as an underdog on books where Holly Holm was offered as a betting favorite. Gamblers would make money no matter which athlete won if both sides could be bet at +plus odds.

In practice it would work like this.

$100 bet on Holly Holm as a 10 to 1 underdog would payout $1,000.
$100 bet on Ronda rousey as a 3 to 1 underdog would payout $300.

This type of gambling is profitable to gamblers no matter which sides wins, which is why it is not common.

It could also mean there might be an opportunity present for those who can consistently and accurately recognize when the odds are wrong and offer opposing numbers.

....

Not sure about ‘flipped odds’ but Nitrogen has what’s called alternative lines like some fiat books regularly offer.  They mostly have these markets in football, basketball, baseball and most other ball games.  I’m not really sure with sports like MMA or boxing tho.  And I don’t think there’s another book in crypto that has it except them.

[just_Alice]

I've never found anything alike, unfortunately. Most sportsbooks have pretty similar odds, they don't even vary much. And, honestly, I don't get why. That kind of sportsbook would definitely be profitable. It would certainly be popular because basically everyone would use that, who doesn't want arbitrage? On the other hand, offering flipped odds would mean that most people would lose the money because the chances are lower.