The Counter Bet: a Smart Punter's Bet
What is a Counter Bet?
The Counter Bet is a smart single bet on a certain sporting event. Counter Bets on two or three events are used by professionals more rarely. The event and its outcome, on which the bet is made, are defined in non-random manner. The Counter Bet is always associated with a previously made multiple bet. Such bet type was named a smart punter's bet.
Let's consider an example of the smart punter's Counter Bet
First of all, there should be a multiple bet, i.e. a bet on several sporting events. The multiple bet should be heterogeneous in time, which means that the last events should take place later than the first ones.
- The multiple bet:
- Football 7:00 pm Arsenal-Chelsea 1 1.9
- Football 9:00pm Manchester-Liverpool 1 1.8
- Football 11:00 pm Barcelona-Real 1 1.5
The bet amount: EUR 100
Let's suppose that Arsenal won over Chelsea and then Manchester won a victory over Liverpool. So there is the only bet left in the multiple. A smart person can take advantage of this situation. During a short period of time between the matches, from 10:45 pm to 11:00 pm, one can make a Counter Bet. The point is that the gambler should make a bet on those outcomes, which contradict the last outcome specified in the multiple bet. In our case, one should choose X2 outcomes (tie or the second team victory). Let's suppose that the odds for X2 are 1.9. To cover the amount of the first bet one needs to bet EUR 111 = EUR 100 / (1.9-1).
- The Counter Bet:
- Football 23:00 Barcelona-Real X2 1.5
The punter has two options. If Barcelona wins, he will receive EUR 402. If Real wins or a tie takes place, he will get EUR 211. The total amount of both bets is EUR 211. Therefore, a smart person will make a situation break-even anyway in spite of losing a part of the winnings generated by the first bet.
Advantages of this smart bet
Risk insurance and guaranteed winning.
Disadvantages of this smart bet
Reduction of the potential winnings generated by the first bet. However, as practice shows, the last selection is exactly the one that is frequently guessed incorrectly. Most likely, this is a pure psychological aspect. The reasons are difficult to explain.
Conditions required for the Punter's Counter Bet
The first multiple bet should be arranged so that its events are scheduled at different times. This mostly refers to the matches that raise doubts as well as the matches with too small odds for a favorite. In this case, the Counter Bet amount is small, which is very profitable.
Development of the Counter Bet Idea
Since online betting became available, the Counter Bets have taken on special significance. Smart people immediately realized that the events during the same match can change so much that the odds vary considerably as well. This is especially true for tennis. Therefore, one can make bets on a tennis player, but as soon as his expected advantage becomes apparent and the odds for a win of the second player goes sky high, it's time for the gambler to make the Counter Bet on the second tennis player. Such smart punter's bet results in the punter's win in any case regardless of the match outcome.
Be professional, make smart bets and you won't need good fortune at all!