Imagine betting on tennis online and knowing you’re guaranteed to earn a profit whatever the winner. This sounds too good to be true, but it’s a pretty common practice called gambling arbitrage.
Through eliminating the risk of betting, guaranteeing that every angle is guarded and offering a guaranteed profit whatever the result, “Arbing” has helped a number of skilled punters defeat the bookmakers.
Does This Strategy Work?
Dozens of the best betting sites are fighting for your business, and on the same sporting event they will offer slightly different odds. In some cases, these disparities can be used to lock in a gain regardless of the outcome.
First you need to find a bookmaker that offers odds on a particular player winning a match that are above the market average. Then you need to find a competing bookmaker who gives more than average odds on winning that match to his competitor. In order to win the game, it is often possible to gamble on both players and be confident of either way again.
For a number of reasons, such inconsistencies may occur. A bookmaker could deliver more than normal chances of standing out from the crowd and attract new buyers. It may be slow to react to a market shift, or a trader may have made a mistake.
For anyone curious what betting on arbitrage is, a basic example is the best way to explain it:
- Let’s say Bookmaker A provides 1.30 chances on Novak Djokovic to defeat Nick Kyrgios and 3.93 chances on a Kyrgios victory, while Bookmaker B offers 1.44 on Djokovic and 2.90 on Kyrgios.
- If you’re betting £ 55 on Kyrgios to win with Bookmaker A at 3.93 and £ 145 on Djokovic to win with Bookmaker B at 1.44, you’re guaranteed a return whatever the result.
- When Kyrgios wins you will get a £ 216.15 reward and if Djokovic loses the return will be £ 208.80, far higher than the overall stake of £ 200.
Your Edge When Doing Arbitrage Betting
Arbitrage gambling is really the Holy Grail for anyone interested in online sports betting. This offers risk-free returns and guarantees a benefit for you. You just need to be smart enough to spot inconsistencies between the odds of various bookmakers and show the speed and agility you need to quickly get your bets made. You need to keep an eye on gambling markets, and use sign-up incentives as well.
The downside is that it can take time to compare a huge number of chances before you consider an arbing opening. The margin you earn is quite poor, so to make small money you need to pay large sums. However, you can make a healthy profit over an extended period of time if you are diligent.
Cross-market mediation increases significantly the number of potential ways for you to lock in a guaranteed profit. An example is betting on Arsenal with one bookmaker to defeat Liverpool and betting on Liverpool-draw with a different bookie. If you consider a sufficiently large difference in the odds, you can guarantee a gain regardless of the final outcome.
Conversely, when planning your live arbitrage gambling plan on soccer betting, you might combine game goals and the clean sheet sector. If you get the home team back to score more than 0.5 goals and the away team to keep a clean sheet, all chances above evens, you’re guaranteed a win.
Bookmakers often find cross-market arbs less apparent than conventional arbs, so they often stay alive for longer. Arbitrage is also possible for anyone interested in promoting sports betting, as you can face competing sites off against each other.
Is This Strategy Legal?
Arbitration gambling is perfectly legal, but most bookmakers dislike arbitration and take steps to battle it. It’s a risk-free way to play profitably, and if they didn’t fight back, smart arbers might take bookmakers to the cleaners.
We have the right to shut down or restrict your account at their discretion, and they will not hesitate to do so if they find habits that indicate you arbitrate.
A handful of betting sites welcome arbers as they trust their traders, but most of them are going to clamp down on it. We are not allowed to confiscate your winnings, and they have to respect bets already made, but by arbing you face a lifetime ban.
Some punters can fly under the radar by holding down bet stakes, betting on unusual arbs and less popular sports, spreading through a vast array of bookmakers and teaming up for arbing purposes with friends.
Doing Arbitrage Betting Strategy Online
You can use comparison betting sites to find the best prices for different sporting events and to identify potential arbs. You then need to set up accounts with a wide range of online betting sites and be ready to move quickly when you see a chance.
When arbitrating in betting shops, it may be safer to fly under the radar, as you don’t have to provide any Identification, but you can work online even better and you have a lot of bookmakers to choose from.
A trade such as Betfair is the best place to find odds that differ from the market average. There is no issue with arbing exchanges, because they simply allow visitors to gamble against each other and charge a small commission fee on each wager made. Examine the Betfair Sports markets and you’re likely to spot some interesting arbitrage gambling possibilities, helping you to discover this fascinating world.
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