Betting on all outcomes is when you support both opposing teams in one
match, guaranteeing a win in every match. Of course, players are wondering if this method is profitable. Most ask if this is legal.
To answer these questions, let's take a look at referee bets, or the method of betting on all outcomes, to find out if it is illegal and worth doing.
BET ON ALL OUTCOMES IN SPORTS BOOKS
In general, it is not financially viable to bet on both outcomes through the traditional method or within a sports betting site in the United States. Your winnings for both teams are usually less than the stakes of both bets. When you bet on all the results of online sports betting, you often lose money.
The arbitrage method involves placing a back bet on your favorite US or UK bookmaker and a lay bet on an exchange site. Sportsbooks have fixed odds for their markets, which come from the bookmakers that operate the platform. Fixed odds are why betting on all outcomes will break you. Betting exchanges work differently when operators do not set prices for sports markets. Instead, the odds come from other bettors or yourself. These odds allow you to place a bet on the outcome you bet on an online bookmaker and make a profit.
The principle of sports betting arbitrage is to get guaranteed cash returns from the winnings of your back or lay bets. Your winnings must be more than enough to cover the losses on a bet where you win at least 2%.
IS IT ILLEGAL TO BET ON ANY OUTCOME?
Is arbitration legal or can you bet on all outcomes without getting in trouble with the law? As long as sports betting is legal in your area, arbitrage betting is not illegal. This method involves betting on different gambling sites. For those who are still concerned about the law, it is important to note that there is no bill or statute specifically aimed at those pursuing arbitration.
Gambling regulators don't care about players who make a living by making referee bets or someone who gets rich from sports betting. Instead, they target criminals who abuse gambling sites. These criminals include money launderers and hackers who create phishing websites.
CAN THE BOOKMAKER PROHIBIT FOR ARBITRATION BETS?
Gamblers shouldn't worry about the law, but they should worry about bookmakers or sports betting operators. Traders will restrict, suspend or ban accounts they suspect are placing arbitrage bets. There is nothing worse in an online bookmaker than bettors who are reducing their profits.
You are probably wondering if it is legal for traders to penalize accounts they are arbitrating. Unfortunately, there is nothing stated in any legislation that prevents bookmakers from restricting or banning accounts.
WAYS TO BET ON ALL OUTCOME IN SAFETY
To be clear, bookmakers are only looking for accounts that are either winning too much or not making a profit. You can still make arbitrage bets as long as you do it with a low profile. One method is to avoid making huge bets of $ 1,000 or more per game. Conservative bets will help you avoid the platform reporting you.
Another way to prevent bookmakers from noticing you is to place mosquito bets, which are bets that you risk losing. Taking cups as losing bets makes you look profitable for a bookmaker and not someone who has to remove you from their platform.
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