Arbitrage involves monitoring the different odds offered by rival sportsbooks and capitalizing upon discrepancies. You can use the SBR odds comparison pages to spot an arbitrage opportunity.
Arbitrage betting has also been called sure bets. Once you place a bet on both sites of a match, your results are sure to follow. BetSlayer's proprietary software does all the work identifying the bookmakers and matches where a sure bet exists. All you have to do is place the bet. Alteratives to Traditional Sports Betting. There are many online bookmakers that offer traditional sports betting to their customers. However, some experienced punters are now looking for more, and looking for ways in which they can take their betting forward. This is where spread betting. Arbitrage betting is a sports betting strategy designed to take advantage of pricing discrepancies in the betting markets. It involves placing two (or more) wagers on a single sports event, so that all possible.
What is Arbitrage?
Arbitrage is betting both sides of a market (or all three outcomes in an event that involves a tie), in order to guarantee a profit regardless of the actual result. You will often see them referred to as 'arbs'.
Is it legal?
Arbitrage is totally legal and in fact, a fairly common way to win money at sports betting.
Having said this, online sportsbooks do not like arbitrage bettors. They see it as a way of cheating the market, and if they know you are arbing, they can close your account.
In order to avoid suspicion, arbers will round up their bets. For example with the exact figures required to guarantee profits, you may see stakes such as $112.34 - stakes like this can raise alarm bells, so you should round your stakes up (or down) to the nearest dollar or 50 cents.
How do I guarantee a profit?
Once a market has a hold percentage under 100%, you can use an arbitrage calculator to calculate the exact stakes for each outcome to result in the same returns regardless of who wins the game.
Arbitrage Example
Let's look at an example market with a hold under 100%.
The Green Bay Packers are listed at -200 on the moneyline with FoxBet in this imaginary game. The Chicago Bears are +220 with BetMGM. In this case, it's easy to spot the arb because the positive number is bigger than the negative number (200 vs 220).
Using the stakes as follows:
- Bet $68.09 on Green Bay
- Bet $31.91 on Chicago
You will guarantee a return of $102.13, regardless of the game winner. This is a 2.13% profit. Increase the stakes, increase the profit - it will always be 2.13% of your total stake.
How many arbitrage markets are there?
It's impossible to say exactly, and it depends on what percentage return you are looking for. There are many markets available with over 1% return, but this obviously requires larger stakes in order to make a meaningful return.
There are often opportunities of a 2% return, and you will occasionally see 3-4%. Anything above that is fairly rare.
What minimum percentage should I look for?
That's completely up to you. Some may like to 'mop up' the 1% arbs, and make for example $5 on each market for a total $500 stake. This may seem like a tiny return, but if there are 2-3 of these each and every day, returns can grow quickly.
Arbing at around 1% will require a lot of effort though, so be careful if you choose this route.
If you choose to look only at arbs around 2.5%, you will get fewer opportunities, but with bigger returns. In the scenario above with a $500 stake, your return would be around $12 for each arb.
Arbitrage betting has also been called sure bets. Once you place a bet on both sites of a match, your results are sure to follow. BetSlayer's proprietary software does all the work identifying the bookmakers and matches where a sure bet exists. All you have to do is place the bet. Alteratives to Traditional Sports Betting. There are many online bookmakers that offer traditional sports betting to their customers. However, some experienced punters are now looking for more, and looking for ways in which they can take their betting forward. This is where spread betting. Arbitrage betting is a sports betting strategy designed to take advantage of pricing discrepancies in the betting markets. It involves placing two (or more) wagers on a single sports event, so that all possible.
What is Arbitrage?
Arbitrage is betting both sides of a market (or all three outcomes in an event that involves a tie), in order to guarantee a profit regardless of the actual result. You will often see them referred to as 'arbs'.
Is it legal?
Arbitrage is totally legal and in fact, a fairly common way to win money at sports betting.
Having said this, online sportsbooks do not like arbitrage bettors. They see it as a way of cheating the market, and if they know you are arbing, they can close your account.
In order to avoid suspicion, arbers will round up their bets. For example with the exact figures required to guarantee profits, you may see stakes such as $112.34 - stakes like this can raise alarm bells, so you should round your stakes up (or down) to the nearest dollar or 50 cents.
How do I guarantee a profit?
Once a market has a hold percentage under 100%, you can use an arbitrage calculator to calculate the exact stakes for each outcome to result in the same returns regardless of who wins the game.
Arbitrage Example
Let's look at an example market with a hold under 100%.
The Green Bay Packers are listed at -200 on the moneyline with FoxBet in this imaginary game. The Chicago Bears are +220 with BetMGM. In this case, it's easy to spot the arb because the positive number is bigger than the negative number (200 vs 220).
Using the stakes as follows:
- Bet $68.09 on Green Bay
- Bet $31.91 on Chicago
You will guarantee a return of $102.13, regardless of the game winner. This is a 2.13% profit. Increase the stakes, increase the profit - it will always be 2.13% of your total stake.
How many arbitrage markets are there?
It's impossible to say exactly, and it depends on what percentage return you are looking for. There are many markets available with over 1% return, but this obviously requires larger stakes in order to make a meaningful return.
There are often opportunities of a 2% return, and you will occasionally see 3-4%. Anything above that is fairly rare.
What minimum percentage should I look for?
That's completely up to you. Some may like to 'mop up' the 1% arbs, and make for example $5 on each market for a total $500 stake. This may seem like a tiny return, but if there are 2-3 of these each and every day, returns can grow quickly.
Arbing at around 1% will require a lot of effort though, so be careful if you choose this route.
If you choose to look only at arbs around 2.5%, you will get fewer opportunities, but with bigger returns. In the scenario above with a $500 stake, your return would be around $12 for each arb.
It can also be a good tactic to set a goal amount to profit on each arb market. For example, winning $20 each time an arb opportunity pops up.
What are the downsides to arbing?
This isn't the easiest thing to take on. Whilst profits are guaranteed once your bets are on, actually getting them on can sometimes be difficult.
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To begin with, arb opportunities can disappear in seconds. Our software finds markets under 100% hold, and the moment alerts are sent, these odds are correct; books change their odds by the second though, so the opportunity to arb can disappear at any moment.
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You should always have your money deposited and ready to bet, and when you place the arb you should do so simultaneously at each sportsbook. This way you will limit your exposure to price changes.
Arb opportunities can also occur at any moment, including the middle of the night. So you'll need to be on your toes and ready to place bets at all times. Particularly in the example above of taking 1% arbs.
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