Sports Just Arbitrage Betting; The Road To Free Money Or Just A Fools Paradise?

Sports Arbitrage Betting goes by several other names. These include; Sure Bets and Arb Trading. No matter what the name is, they all refer to the same type of betting: A system whereby you try to find two bookmakers who offer different odds on the outcome of a particular match in such a way that you can make money by placing a bet with both of them.

If you should go to one specific bookmaker and place a bet on both outcomes of a particular match, the cost of the 2 bets will be more than the profit that you will make. Although the profit is therefore guaranteed, it will not cover the cost of the two bets. This is in fact how bookmakers make their money.

Sometimes, however, you will find two bookmakers who don’t share the same views about the likelihood of a particular team winning or losing a match. They would then offer the bets at different odds – and this is where the opportunity to make a;sure win; comes in – by buying the cheapest bet for an outcome at each one of the two bookmakers.

What follows is a very basic example.

Let;s say you want to bet on an upcoming tennis match. Bookmaker X has the following odds: 1.10 on the visiting player and 8. 00 on the home player. Bookmaker Y has a different opinion, and thus different odds of: 1.20 on the visiting player and 5.00 on the home player.

Now let us work out how much you’ll have to bet on every potential result to make a profit of $4000.

Bookmaker X:$7272. 80 on 1. 1 wins $8000,$1000 on 8 wins $8000

Bookmaker 2:$1666.70 on 1.2 wins $2000,$400 on 5 wins $2000

Looking at the above figures you can no doubt see that placing a bet on both potential outcomes at Bookmaker 1 will cost you $2068.20 and you will only win $2000, thus costing you $68.20. Betting on both teams at bookmaker 2 will cost you $2066.70 and you will still only win $2000, resulting in a net cost of $33.50 for you. So obviously both bookmaker 1 and bookmaker 2 have calculated their odds properly – they are going to make a net profit regardless of who wins.

Don;t despair. The possibility of a profit is still in the air. Let’s calculate what happens if you place the cheapest bet for each player to win at a different bookmaker. $1000 for the home player at bookmaker X, and $6666. 80 for the visiting player at bookmaker Y. The result is a win of $8000 against a total betting cost of $7666. 80 – resulting in a guaranteed net profit of $333. 20.

Is sports arbitrage betting really this simple? Yes, if you can find an arbitrage opportunity. That is not so simple nowadays with computerised betting. You might have to study the odds offered by countless bookmakers to find one such opportunity.

Apart from that you must also watch out that your betting costs don;t eat up all your profits. Too many withdrawals might well do just that. Very often there is a fixed cost involved with every withdrawal and deposit you make at a bookmaker. If you don’t watch out, this can soon eat up all your profits from sports arbitrage betting.

Searching for a different way to gamble? If you’ve never heard of arbitrage betting, you’re missing out! Learn all about sports arbitrage betting here and find out what everyone is talking about!

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