Sportsbooks often offer different odds for the same type of bet

[Sanitough]

. 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.

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.

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[n0ne]

. 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.

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.

[doomloop]

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:


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.

[Saint-loup]

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:


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) ?



 

[tyz]

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.

-snip- 

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.

[Pmalek]

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. 

[Saint-loup]

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.

[Pmalek]

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.

[ralle14]

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.

[Pmalek]

<Snip>

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.

[perfect999]

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

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.

[Saint-loup]

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.

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.

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.

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

[Pmalek]

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



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).

[zanezane]

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



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.

[Pmalek]

Bump

[Twinkledoe]

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



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).

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.

[Pmalek]

<Snip>

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. 

[Pmalek]

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.

[Fortify]

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.

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.

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. 

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.

[Pmalek]

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.