Without a doubt, the goal of every sports betting fan is to be able to make a profit. In order to be successful in the long term, you need a strategy and knowledge in the area of sports betting. Over the years, many clever minds have constantly come up with new betting strategies – arbitrage bets in particular have met with great enthusiasm!
In this guide we would like to list what this strategy is and where you can find arbitrage bets, place them and calculate them.
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What Is Arbitrage Betting?
Let's first look at the basics – an arbitrage bet is basically simple and quick to explain. These are two sports bets placed at different bookmakers. Because each betting provider has different betting odds, there is often a chance of being able to find a sporting event where you have a 100% chance of winning.
Using a sports betting arbitrage calculator, you can quickly calculate what odds are needed to make a profit, no matter how the sporting event ends.
An example explains how arbitrage betting works
Surely some readers have already heard of a so-called “surebet”. There is no difference between arbitrage bets and a surebet – only the name is different.
We would like to use an example to show you how arbitrage bets work. To do this, we take a sports bet in which there is no clear favorite and the participants receive approximately equal odds. If you find two providers who each offer you odds above the 2.00 mark, a profit is guaranteed.
- Provider A with odds of 2.05 on team 1
- Provider B with odds of 2.10 on team 2
If you placed a bet of 10.00 euros with each provider, a total of 20.50 euros would come out from provider A, while a win by team 2 at provider B would mean a proceeds of 21.00 euros. Since you have only distributed a stake of 20.00 euros between the two providers, you win 100%!
Do You Win 100% With an Arbitrage Betting Software?
As long as you have carried out the calculation correctly and the appropriate odds are available, placing arbitrage bets will 100% result in a profit. This is underlined by the bookmakers themselves. If a conspicuous gaming pattern is recognized and a betting portal assumes that there is a strategy behind it, it will usually impose betting limits that make arbitrage bets more difficult.
A high demand for a particular bet is often an indication that such a bet is being passed around on the Internet. To take advantage, you'll need to act quickly as betting odds can change quickly after an event is announced.
Arbitrage betting software can now be found on every corner. Sophisticated systems comb through the odds from the betting portals and create a suitable surebet for sports betting fans. Since many betting enthusiasts use such software, the odds usually drop significantly after just a few hours, meaning an arbitrage bet is no longer possible.
The big risk of arbitrage betting is the short-term change in odds. For example, if you placed your sports bet with provider A and now switch to provider B, it may happen that the odds have already changed. This is exactly why two TABS should be opened and bets should be placed at the same time. Also see our reviews about OLBG.
