What is a risk free bet?

That's an interesting idea isn't it. The statement 'risk free' in the same sentence as the world bet. Let's clear this up now. There is no such thing as a risk free bet, because there is always a chance however small that something will go wrong and you will lose some money. Of course that's the risk insn't it. The nature of betting is that there is some element of risk. Lets re-name this page. It should read what are "reduced risk bets".

The remainder of this article looks at the various ways of betting with reduced risk. That is trying to eliminate the bookmakers edge.

Betting strategies	Arbitrage betting?
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Betting strategies

There are various different betting strategies aimed at reducing the risk of losing money. Amongst others these include value betting strategies and sports arbitrage strategies.

A value strategy invovles making selections where the true probability of the event happening is not reflected in the bookmakers odds. Simple engough. Well not really. There are lots strategies designed to help spot

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