When it comes to sports betting, every gambler is looking for an edge. Everyone has a theory. Everyone has a system. Sure, most of these are useless, but there are actual, time-tested strategies out there you can successfully employ. Arbitrage betting is one of these strategies, and it has become very popular among many professional gamblers as of late. When used correctly, arbitrage betting can guarantee a profit. In this betting guide, you will learn how.
What is arbitrage betting?
This is a betting strategy where you actually place wagers on every possible outcome on a specific sporting event where the odds genuinely guarantee a profit, no matter the final result of the event. These bets are also known as sure-bets, miracle-bets, sure-wins and sometimes just arbs.
In arbitrage betting, a gambler places multiple bets on one sporting event to guarantee a profit regardless of the outcome. The bettors who take advantage of this are sometimes referred to as “arbers.” While arbitrage betting first came about in horse racing, it can also be employ as a betting strategy in other sports. It’s important to know, and this system can not be used on every sporting event. However, when you learn what to look for, it can be a very profitable strategy.
As mentioned, an arbitrage wager is when you simultaneously place bets on every possible outcome of a sporting event. When done at the right time and with favorable odds, you’ll be guaranteed you a profit, no matter the sporting event’s result. Some people refer to this as a surebet. Arbitrage betting is possible when there is a discrepancy between odds that allow a profit to be made by covering all outcomes. Most of the time you will only find arbitrage betting opportunities when there is a binary bet, as it has only two outcomes. For example, a tennis match where there are only two final results possible.
The most common surebet opportunities present themselves when different sportsbooks disagree on the stakes of a single game or if they just make a mistake when predicting the market. Sportsbooks and oddsmakers like to be in sync and usually are when it comes to setting lines and odds. Most lines are set by the major sportsbooks, and they are all in constant communication with each other. However, there are hundreds of sporting events every day and mistakes can be made. This is when the arbers strike.
Systematic, mathematical process
Obviously, arbitrage betting is very far removed from traditional gambling. Picking a winner and letting it ride is usually the route gamblers go. Arbitrage betting is more of a systematic, mathematical process than a wager. Most arbers actually have little to no interest in a sport they are betting on. It is only a means to an end. Also, it’s important to note, this system has a proven track record, and some of the most popular football value betting systems and horse racing strategies are based on the theories associated with arbitrage betting.
Be cautious and learn the ropes
Good arbitrage betting will require you to have many accounts open with a variety of oddsmakers and sportsbooks with different amounts of money to be spread around at any time. It takes some time to really learn when arbitrage opportunities present themselves, and it’s wise to create a spreadsheet to track all of your wagers. Many players actually use the profit accumulator and other tools to calculate odds correctly. It is no simple task and researching these tools will help you even more.
double check the odds
You need to find odds that favor both outcomes of the game so know what you are looking for. For instance, even odds on Team A, +120 on Team B. (Sometimes this is in two different sportsbooks.) A ten dollar bet on both sides will make you a winner or, at the very least, you’ll break even. This is an excellent place to start when learning how to stop arbitrage opportunities.
Once you have spotted an opportunity, it’s essential to double check the odds before placing both sides of the arbitrage bet. Odds tend to fluctuate after all. Just be cautious as the margins of an arbitrage wager can be very tight and any potential profit can be wiped out by failing to spot a shift in odds in the right. In fact, you should do this at every betting system you are using.
Is arbitrage betting legal?
Arbitrage betting is perfectly legal. After all, it’s just calculating odds to your advantage. However, just because it is legal doesn’t mean it is allowed. Arbitrage betting is just like counting cards in blackjack, it is legal but frowned upon and sportsbooks, just like pit-bosses, will suspend you if they think you are arbitrage betting.
The main reason is fairly obvious, and it costs them money. This is why you need multiple sportsbooks.
The problem sportsbooks face is identifying customers who are using arbing as a strategy because that can be quite difficult for them. If you are consistently winning, sportsbooks will closely monitor your activity and, if betting patterns lead them to suspect you’re using arbitrage, your account could be restricted or closed, sometimes without any warning. Some sportsbooks say they will never restrict or close accounts, but those sportsbooks are few and far between so be sure to proceed with caution.
Get some arbitrage betting software
The value of an arbitrage bet can be worked out using a mathematical formula and ensure accuracy; most regular arbers will use betting software which is widely available. It allows the user to input both sets of odds to work out how much should be bet as well as the potential profit. Profit Accumulator’s oddsmatching software finds thousands of markets every day.
The software rates arbitrage opportunities to save players the time of trying to find their own which can be very time-consuming.
Arbitrage is a long game
Surebet opportunities occur many times every single day and taking advantage of as many as you can is important because the typical return on each investment will be pretty low. Remember, you are more interested in placing a secure wager than collecting a big payday. If you find an arbitrage bet that will generate you more than 5 percent profit, nice work because those can be rare.
Arbitrage betting is not a get-rich-quick scheme. Arbitrage betting requires patience, diligence, and time. It is not risk-free and will take time for you to master. However, this is a proven sports betting system that will reward you in the end.