+ Register

[esoito]

Arbitrage betting, in its simplest definition, is the placement of bets with multiple bookmakers at the same time.
As every bookmaker offers different betting odds for each player or sporting tournament, a punter can increase his chances of wining.

This is done through a picking of odds for one team at one bookmaker and its competitor at the other with different winning odds.

The punter will be able to win some profits as at least one team will win that match. Ideally, the odds should not have a vast difference as that can make the betting quite dangerous for an average punter; on the contrary, the betting odds should be closer to each other to help in gaining some profits.
Arbitrage betting, as compared to ordinary betting, contains high risk as placing multiple bets at different odds might result in serious financial consequences.

Additionally, a punter needs to invest extra money as placing multiple bets require money to be wagered on each betting option.

This makes arbitrage betting a difficult game that can only be understood by experienced punters with loads of money.
A novice punter, on the other hand, might lose out his entire betting money by dabbling into this trade; ordinary sports betting is more than enough for him until he learns some lessons of the trade.
[Source:  http://www.arbitragebetting.com.au/  ]

[esoito]

Here is a good video explaining exactly how arbitrage works.

The video will appeal to US, European and UK watchers because it first begins by explaining the different ways of expressing the same prices on offer:

2/1
3.00
+200  all mean the same!

Basically, arbitrage betting makes a profit by exploiting differences between bookmakers' prices for the same event.


Sports Arbitrage Guide 04 - The Calculations

[VLS]

Here's a light-hearted article from the bookie's perspective on arbitrage :

http://www.bettingexpert.com/blog/why-was-my-betting-account-closed

[esoito]

Yes. Good one. 

Light-hearted or not, it gives some valuable insights that are part of the reason I gave up arbing quite a few years ago.

But, by crikey, it was good while it lasted. 

[MattyMattz]

Although Arbitrage betting is a lot of work, done correctly it's Guaranteed Profits, so I'm surprised (well not really) that it garners such little attention. 

[Robeenhuut]

Although Arbitrage betting is a lot of work, done correctly it's Guaranteed Profits, so I'm surprised (well not really) that it garners such little attention.

Large BR is required. Without 5k Euro it does not make any sense.  Then there is a problem with being limited which will happen sooner or later at some bookies. Its guaranteed if you manage to place all bets almost at the same time without odds being changed. But some people make some money.

[marvin]

this requires a really lots of work.
to earn a profit for this, you need to find a game that has a total of least 1.9 at a 55% W/L record to start earning.
most of the games are @ ~1.5