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noun. : the one who is certain (to do something) He's a sure bet to receive the award. Surebet (or Arb) is a situation in sports betting that occur due to inconsistency in the odds of different bookmakers, and leads to a bettor's win regardless of the outcome of a sports match. [!] In this article, the terms "Surebet" mean the same thing as the term "Arbitrage situation". These are equivalent concepts. ------------------------------------------------------------------
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