Double Down Odds Review
What is Double Down Odds?
Double Down Odds is a low-latency live (in-play) odds provider. Their service is recommended for advanced users who understand the risks of live matched betting to include arbitrage, Bonus Bet, Second Chance Bet, Profit Boost, Loss Back conversions.
Risks
There are some risks associated with live arbitrage that are important to understand before trying it for the first time.
Line Movement
Live odds can move at any second and rarely stay the same for a prolonged period. The quick changing of odds can result in placing one side of a matched bet before you can place the second side, the odds moved. This can result in a bet that was an arb, no longer being one. This means that you are now at risk of losing money instead of making money. You can hedge at the new odds and take a loss or wait to see if they change again. Waiting is riskier as the odds may continue to get worse, resulting in a larger loss.
An example of how fast odds can move is an MLB game. You could place a bet on the first sportsbook when the game is tied, and the odds are +105/+105. After you place the first bet, a home run is hit, resulting in a large shift in odds. The odds for the opposing team on the second sportsbook may now move to -175. This went from a 2.5% arb to an 11% loss. Note that most TV feeds are delayed 30-60 seconds compared to feeds sportsbooks use, which are close to instant. This means that you cannot time your live bets based on what you see on TV.
Max Bet Amount
Using the same example of a +105/+105 arb from above, let's say you are trying to bet $1,000 on both DraftKings and MGM. If DraftKings accepts a $1,000 wager at +105 and MGM only accepts a $500 wager, you are at risk of losing money if the MGM side wins. You can risk it or find a third sportsbook to place the remaining bet on. Using a third sportsbook likely results in a small loss due to having worse odds. This mean you need to quickly determine the sportsbooks with the next best odds, the right bet amount, ensure you have enough money in that account, and then place the bet.
Pricing
Double Down Odds has a relatively high price point, but the unique features offered can make it a very profitable tool.
- 8 day Free Trial
- $200 per month
- 50% off the first month using the link below
Features
Let's examine the features provided by Double Down Odds.
- The odds latency is often only a fraction of a second.
- Bet sizing is configurable to your bankroll, saving time and reducing the risk of error.
- Bet Finders for Arbitrage, Bonus Bet, Second Chance Bet, Profit Boost, and Qualifying Loss Back
- The sportsbook with the line furthest from the average is highlighted, allowing you to bet there first. Again, reducing risk as that line is most likely to move first.
- Customizable highlighting based on profit thresholds enables quicker recognition of arbitrage opportunities and once again reducing risk.
Pros and Cons
Pros
- The best available live odds provider available for matched betting.
- Customizable visualizations and bet amounts to increase efficiency.
- The calculators and highlighting make identifying live arbs exponentially easier than doing it on your own.
- Live matched betting seems to reduce the risk of limits compared to pre-game matched betting.
- Bets with 0% hold are relatively common and can help you achieve VIP status.
- Discord server with support from the developers and lessons learned/tips from the community.
Cons
- Risks outlined above.
- Price point may be a con for some.
Conclusion
If you are an advanced user, understand the risks of live matched betting, and want to get started, Double Down Odds is the best provider available. The monthly subscription may seem high. With a sufficient starting bankroll and the willingness to accept some risk a Double Down Odds subscription can be profitable. At the very least, use the 8 day free trial to see if it works for you.