Home I Sports Betting I Arbitrage Betting Guide
Arbitrage Betting can help you to generate constant profit through sports betting. You don’t even have to be a sports expert to make money. However, you need to understand the basic concept and where to bet.
We will show how to approach Arbitrage Betting in the following guide.
An arbitrage bet in sports betting is when you simultaneously place bets on all possible outcomes of an event at different odds. This allows you to generate guaranteed profit, no matter what the final result of the event is going to be. Arbitrage is also often times referred to as sure bets.
Arbitrage betting is the only way to make constant profits from sports betting. You don’t even have to rely on your knowledge of sports. Once you have placed an arbitrage bet you have already made profit.
You need to use the difference in odds to your advantage. Usually, if you place bets on all results of a single match, you would end up losing. However, if you take only the best odds from different bookmakers, you can make guaranteed profits.
Most events in sports have two (basketball, tennis, boxing, American football) or three (football) possible outcomes. The combined odds of all possible results added up will display the total amount of money that can be won in this betting market.
Bookmakers are charging approximately 5% commission on all events. Therefore, you won’t be able to find a arbitrage bet at a single bookmakers – unless it’s by mistake. In most cases you need to check and compare odds of multiple bookies to find a value bet.
Roger Federer is playing against Marin Cilic. There are two possible outcomes: Roger Federer wins the matches @1.40 or Cilic wins @4.50.
We will be betting $100 on Federer and $31.11 on Cilic to win.
Results: $100×1.40= $140 and $31.11×4.50= $139.99.
As you can see, we will be winning either way. If Federer wins, we will have a total profit of $140-$131.11= $8.89.
If Cilic beats Federer we will have won: $139.99-$100(Bet on Federer)-$31.11(initial stake)= $8.88.
By betting on both potential outcomes we were able to make a guaranteed profit. In order to calculate the bets you need to place on both events you can use an arbitrage calculator.
However, you can also calculate the stakes yourself if you are a more experienced bettor.
Arbitrage betting, or arbing, is absolutely legal. You are not doing anything wrong – you are just placing bets. However, it may not surprise you that constant winners are not welcomed by all bookies. That’s obviously due to you costing them money.
But figuring out who is placing arbitrage bets is rather difficult. That’s why it is possible to make money using this betting strategy.
There is even one bookmaker, Pinnacle, which welcomes arbitrage bettors. Therefore we consider them as a bookmaker you need to sign up with if you are interested in arbitrage betting.
Also, betting exchanges like Betfair and Ladbrokes can be beneficial if you are looking for arbitrage bets. Due to the decent quality odds of betting exchanges you will be able to find this type of bet more frequently.
Betting exchanges also don’t penalize customers for arbitrage bets, because they are making money from commission. That’s why they are not interested if the bet loses or wins.
Also, make sure to keep your eyes open for special betting promotions like enhanced odds and free bet offers. Certain bookmakers like Coral and 888Sport, for example, are running promos for certain events. Due to the higher odds it will be easier for you to find arbitrage bets.
Bookmaker Free Bets and Bonuses
Arbing is by no means a get-rich-quick betting strategy. It is more of a low risk, high-yield method. You are investing your money and generating profits. The typical return on an arbitrage bet is rarely more than 5%.
It requires patience and preparation. You don’t bet on events you feel like seem profitable. Instead, you bet on guaranteed winners.
In order to find arbitrage bets, you obviously need to compare odds. It is almost impossible to find an arb bet at a single bookmaker. Therefore you should consider signing up with multiple bookmakers. This is an absolute must if you plan to apply this betting strategy.
You can use our VIP-bet Odds Comparison to find arb bets. On top of that, betting bonuses and free bets will come in handy to boost your profit.
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