There are literally dozens of the greatest online betting companies competing for your attention, and each one of them will give slightly different odds on the same athletic event. You may take advantage of these variances in some situations to ensure a profit regardless of the outcome of the event.
The first thing you need to do is locate a bookmaker that has odds that are better than the average odds offered by the market on a certain player winning a match. The next step is to locate a competing bookmaker who is giving odds that are higher than the norm on his opponent winning the match in question. It is common to be able to place a wager on either player to win the match and still come out ahead regardless of the outcome.
How is it possible to engage in betting arbitrage?
There are several possible explanations for why these differences exist. To differentiate themselves from the competition and bring in new clients, bookmakers may offer odds that are higher than the industry standard. Either it is sluggish to respond to a change in the market or a trader just made a mistake. Both of these scenarios are possible.
If you or someone you know is curious about what arbitrage betting entails, the simplest way to explain it is with an example:
Let’s assume that Bookmaker A is providing odds of 1.30 on Novak Djokovic to defeat Nick Kyrgios and odds of 3.93 on a Kyrgios victory, and that Bookmaker B is offering odds of 1.44 on Djokovic and odds of 2.90 on Kyrgios. Which bookmaker do you think is most likely to win?
If you place a wager with Bookmaker A for £55 on Kyrgios to win at odds of 3.93 and a bet with Bookmaker B for £145 on Djokovic to win at odds of 1.44, you are assured to earn a profit regardless of whether player ends up victorious.
If Kyrgios wins, you will get a return of £216.15, and if Djokovic wins, you will receive a return of £208.80. Both of these amounts are more than the entire bet of £200 that you put in.
The Benefits of Engaging in Arbitrage Betting
Arbitrage betting is the equivalent of seeking for the Holy Grail for those who are interested in placing bets on sports online. It offers rewards with no risk involved and ensures that you will make money. You merely need to have the awareness to notice when the odds offered by several bookmakers vary from one another, as well as the dexterity and quickness required to place your wagers in a timely manner. You need to keep an eye on betting exchanges, and in addition to that, you should make use of free bets and bonuses for signing up for new accounts.
The majority of online betting websites will have attractive promotions running in the days leading up to significant races, sports, or events. Check out our list of bookmakers who are now providing free bets on the Grand National, for instance.
Arbitrage may be time-consuming, which is one of its potential drawbacks. Because the margin you earn is quite low and the number of odds you need to compare in order to find an opportunity is extremely high, you will need to invest significant sums of money in order to generate only modest profits. On the other hand, you have the potential to generate a sizable profit over an extended period of time if you work hard.
The number of potential opportunities for you to lock in a guaranteed profit can significantly increase when you engage in arbing across multiple markets. One illustration of this would be placing a wager with one bookmaker on Arsenal to win against Liverpool, and then placing a wager with another bookmaker on Liverpool to draw double chance. If you are able to find a significant enough difference in the odds, you can guarantee yourself a profit regardless of how the game turns out.
When planning your live arbitrage betting strategy for football, another option is to combine the match goals market with the clean sheet market. If you bet on the home team to win by more than 0.5 goals and on the away team to keep a clean sheet and the odds for both outcomes are greater than evens, then you are assured of a profit.