Two bookmakers: guaranteed profit on opposite outcomes – PLEASE HELP
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I’ve been matched Betting for a while, but thought about this – it seems foolproof to me unless I’m missing something.
What’s to stop me from betting on opposite outcomes at different bookmakers, which result in profit either way?
E.g.
Bookmaker 1 – Over 12 Corners | Odds 2.0 | Stake £10
Bookmaker 2 – Under 12 Corners | Odds 2.5 | Stake £10If I win on bookmaker 1, I gain £20 – £10 (bookmaker 1 stake) – £10 (bookmaker 2 stake) = £0 profit
If I win on bookmaker 2, I gain £25 – £10 (bookmaker 1 stake) – £10 (bookmaker 2 stake) = £5 Profit
As long as the odds on both book makers is at least 2.0 (to cancel out the losing bookmaker stake), this should be guaranteed profit from my understanding.
I have obviously misunderstood something, please can anyone help?
(I’m aware this isn’t ‘matched betting’, but it was just something I thought about as an alternative to using promotions etc – it seems a lot easier, right?)
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