What Is Arbitrage Betting And How To Profit From It
Many sports punters believe they have what it takes to beat the bookies and many of them believe they have just the system to win. However, apart from actually understanding sports betting at a very high level and making great value bets with hours of analysis and research spent, there are few systems that can actually help you win at sports betting.
One way you can make a profit by sports betting with basically no risk is a method called the Arbitrage Betting or Sure Betting. Arbitrage betting is a system of finding multiple bookmakers who offer the same sports event and using a discrepancy in the odds to guarantee yourself a slight profit.
That’s right, you read it right. Arbitrage betting allows you to win a sports bet no matter which side wins, or what outcome happens. While this profit will always be fairly small, there is absolutely no risk involved. Let’s learn how to do arbitrage betting.
How To Place An Arbitrage Bet
Arbitrage betting or arbing is a form of betting that cannot be done with a single bookmaker. You will need to place bets with a combination of at least two bookmakers and it can be done online and offline alike.
Let us have a look at an example. Let us say we are looking at an Over/Under bet where there are only two outcomes. Bookmaker A is offering the odds of 1.95 on Over and 1.85 on Under. Bookmaker B on the other hand is offering 1.80 on Over and 2.25 on Over, due to either a mistake or their algorithms believing these are the correct odds.
A simple calculation tells us that placing $100 on Over with bookmaker A and $86.67 on Under with bookmaker B will guarantee us a profit of $8.33, which is a 4.46% return on the $186.67 investment. This amazing method of sports betting makes sure that every bet you ever place is a winning one, unlike any other form of betting.
Arbitrage betting used to be nearly impossible in the past as one would have to visit multiple brick and mortar bookmakers to place arbitrage bets. On the other hand, the odds would change much less frequently, giving you a chance to place arbs even with the live betting shops.
Nowadays, arbitrage betting is done via online bookmakers and listing through the various odds and finding discrepancies is fairly easy and painless. This means arbitrage betting can be done by pretty much anyone and the only thing you need to do is keep an eye for some hidden traps.
The Traps Of Arbitrage Betting
While arbitrage betting can feel like printing money, it is important to understand the potential problems with it. The first thing you will need to do arbitrage betting properly is a fairly substantial bankroll. You will need enough cash to cover both sides of the bet and in some cases three sides. You will also need to be able to bet enough to make the eventual profit reasonable and worthwhile.
One thing you will need to keep an eye on is the various conversion fees and potential withdrawal fees that some sportsbooks have. You will want to avoid paying any fees if possible when doing arbitrage betting as your winnings will be limited and fairly small in dollar value.
Arbitrage betting is allowed with many bookmakers, but some bookies don’t really approve of it. Such bookmakers may limit the amount of money you can bet on a single pair or even ban you completely from their site if they realize you are arbing, believing you to be taking advantage of their offering.
Overall speaking, you will want to make sure you are placing your bets with reputable betting sites who do not take many fees and that you have a substantial bankroll to be able to place multiple arbs and always have money in your betting accounts ready for the bet when the odds are right.
Where To Place Your Arbitrage Bets
Arbitrage betting can be done with any bookmaker in theory, but not every bookmaker will give you such favorable odds. Check out www.critical-reviews.com to find some of the best online betting sites to place your arbitrage bets with. Once you find the sites that regularly offer the best odds, make sure to place plenty of cash into the accounts and start looking for arbitrage opportunities.
Start looking for best arbitrage betting spots today and you will be building your sports betting bankroll faster than you ever have in your life.