Betting on Arsenal to win against Liverpool at one betting company is the same as betting on Arsenal to win at another betting company.
This doesn’t mean that one betting company has better odds on all outcomes. One company will have the best odds on Liverpool and another on Arsenal.
But what happens when we start looking at multi betting, where you combine many matches?
Here a number of betting companies give bonuses depending on how many matches you combine.
The bonus is on your expected payout. So say you have a N500 bet at a price of 100, then your payout is N50, 000.
And if the bonus is 10% then your payout will be N55.000. Mathematically this is the same as saying the price is 110 and not 100. So a win bonus of 10% is the same as getting a 10% better price.
We have compared the prices of two Nigerian bookmakers on multi’s, where one is the traditional bookmaker with shops and agents and another that is strictly online, which is Bet9ja and wasere.com.
On one coupon we bet 10 favorites in the European Championships 2016 and on the other coupon we bet on all the outsiders.
The difference is staggering and only goes to show it pays off to look around when you’re planning to place your bets! One explanation for this drastic difference in winnings, we can attribute to the fact that Wasere is only online and can put their savings on physical shops and agents, into the prices and bonuses they offer their clients.
In this example we only combined 10 matches but the win bonus at Wasere, does go all the way up to 100% when you put together 15+ matches.
It should also be mentioned that even though this comparison is based on a N500 stake, you can also place bets down to N1 at wasere.com and N100 at Bet9ja respectively.