How Do Sports Betting Odds Work latest 2023

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Sports Arbitrage Betting – What is it and Does it Work?

The internet is full of betting systems that guarantee you a fortune, but very few actually deliver on their promises. Sports arbitrage is however slightly different in that it produces a guaranteed return. But what is it and does it work in practice? Read on to find out more:

Sports betting arbitrage, or “arbs”, in its simplest form involves placing bets with different bookmakers and at different odds so that a profit is guaranteed regardless of the outcome of the event. As a simple example, imagine that in a tennis match bookmaker “A” may have player 1 with odds of 2.1 to win and player 2 with odds of 1.85, while a Rival bookmaker “B” may see odds of 1.85 for player 1 and 2.1 for player 2.

In this example, you could back player 1 to win at odds 2.1 with bookmaker A, and player 2 to win at odds 2.1 with bookmaker B. Let’s see what would happen if you were to back each player £100 to win:

Player 1 wins: You win £100 x 1.1 = £110, minus £100 stake on player 2 = £10 profit

Player 1 wins: You win £100 x 1.1 = £110, minus the £100 stake on player 1 = £10 profit

So whatever the outcome, you have guaranteed yourself a €10 return with no risk of losing

Ok, so now let’s get real. This is an extreme (but not unheard of) example that has been used to illustrate this point, very often the arbs will be much lower, but nonetheless they will be guaranteed gains. The art is to find those arbs in the first place. There are literally hundreds of online bookmakers offering several different markets on thousands of sporting events, so they appear regularly. The art is to find those arbs in the first place.

It is possible to find them by your own research, but it can be an extremely laborious method that will require a lot of time and effort on your part. The preferred option is to use one of the “arb hunting” websites or software packages available on the internet. Often these will provide immediate text and email alerts as soon as an ‘arb’ is found to ensure you can act quickly.

However, it is also worth considering the disadvantages of arbing. For example, some of these potential “arbs” will only be available for a short time, so you need to be prepared to act quickly. Sometimes rushing can cause mistakes and before you know it you’ve backed the same outcome twice, so you need to be able to play in a calm and calm manner. You will also need to be aware of extremely large ‘arbs’ which the bookmaker may well not honor due to the ‘palpable errors’ release clause, but these occasions should be fairly obvious. Finally, do you have time to stop what you are doing and activate the arb?

So can you make money with Sports Arbitrage? I would have to say “Yes” but as with everything, it’s not as easy as it first appears and may require a little more time, effort and patience than you think.

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