Open Bet in Sports Betting
For years, the concept of an “open bet” has been seen as a flexible and useful strategy to gain an edge when betting. But the truth is, in today’s market—dominated by speed, automated adjustments, and technology—placing an open bet manually no longer makes sense.
What used to be called an “open bet” is simply a single bet placed with the intention of completing it later. And in the context of sports arbitrage, that’s just the first step of a surebet.
What Is an Open Bet
An open bet occurs when you place an initial bet without covering all possible outcomes, intending to complete it later if a complementary opportunity appears.
At BetHunter, we call this a single bet. In other words: when the algorithm detects an interesting odd but there’s no counterpart available at that moment, a position is opened while waiting to close it when the market allows. That can lead to:
A surebet if a counterpart is found and all outcomes are covered.
A value bet if it remains open because the value detected is profitable enough on its own.
But the difference lies in execution: while a human tries to do it manually (risking time, capital, and precision), BetOven’s AI automates everything within milliseconds.
Why Manual Open Bets No Longer Work
In the past, experienced bettors could take advantage of slow market windows to place an open bet and then cover it later. Today, those windows don’t exist. Bookmakers adjust odds within seconds, markets are saturated, and the competition includes bots faster than any human.
Trying to place open bets manually in this environment is like trying to win a Formula 1 race on a bicycle.
Does It Make Sense to Place an Open Bet Today?
Only if it’s automated. Otherwise, the risks are too high:
You could be stuck with an open position and no way to cover it.
The market can turn against you in a matter of seconds.
You’re operating with incomplete information.
BetOven solves all of this. It detects opportunities, places bets, monitors the market in real time, and closes positions automatically only if there’s expected profit. If the condition isn’t met, it doesn’t bet. That simple.
BetOven and Open Bets: Full Automation
In the past, placing an open bet required experience, speed, and a lot of intuition: spot a valuable odd, place a bet, and hope you could later cover the rest of the market. That’s no longer sustainable.
With BetOven, the entire process happens automatically, optimized, and with zero room for human error. The algorithm evaluates thousands of markets per second and makes decisions based on two possible scenarios:
🟢 Single Bet: The First Step of a Surebet
When the algorithm detects a discrepancy between bookmakers and finds a valuable odd but no counterpart available at that moment, it executes a single bet. That bet remains “open” temporarily while BetOven continues scanning the market in real time.
If the counterpart appears within the expected range, the surebet is completed.
If not, BetOven may close, hold, or discard that position based on pre-set criteria: profit, time, odds movement, or liquidity.
What used to be a risky decision is now a programmed, automated, and system-supervised execution.
🟡 Value Bet: An Open Bet With Its Own Value
Sometimes the odd detected is so good that it doesn’t need coverage. BetOven also detects this type of situation, analyzes whether the expected value (positive EV) is solid enough, and, if conditions are met, places the bet as a value bet.
This means the “open bet” isn’t part of a surebet but rather a standalone bet with long-term profitability expectation. In other words, an open bet with mathematical justification.
Both types of bets—single and value—are placed from your own accounts, with your own balance, at the bookmakers you choose, and with no manual intervention. The system monitors market evolution and autonomously decides whether to continue, close, complement, or discard the position.
And all of this happens in milliseconds, 24/7, with precision no human can match.
